Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $400 (115 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Austin area of Austin.

property at 911 W 22nd St

$675 - $2,400

1 To 4 Bedroom Rentals

Available Now

911 W 22nd St

AustinTX78705
property at 311 E 31st St

$750 - $1,200

1 To 2 Bedroom Rentals

Available Now

311 E 31st St

AustinTX78705

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 4105 Speedway

$799

Studio To 1 Bedroom Rentals

Available Now

4105 Speedway

AustinTX78751
property at 4204 Speedway

$795 - $825

Studio Rentals

Available Now

4204 Speedway

AustinTX78751

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1903 E 20th St

$895 - $1,075

1 Bedroom Rentals

Available Now

1903 E 20th St

AustinTX78722

Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 202 E 32nd St

$765 - $1,100

Studio Rentals

Available Now

202 E 32nd St

AustinTX78705

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Central Austin, Austin, TX Local Guide

Cheapest Available Central Austin Apartments for Rent

 

The cheapest available apartment rental in the Central Austin area of Austin, TX is a 1 Bed unit found at San Gabriel Square Apartments priced from $649. Casa Del Rio Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
San Gabriel Square ApartmentsLarge 1BR/1BA1BR,1BA$649
Casa Del Rio ApartmentsA11BR,1BA$795
Miller Square & Spanish TrailsE1 - Designer - Miller SquareStudio,1BA$799
La CasitaREMODELED 2x12BR,1BA$799
Marian Condos2x22BR,2BA$800
Azulina Gardens1/11BR,1BA$824
Casa MarfilStudioStudio,1BA$831
Pinnacle 31EfficiencyStudio,1BA$875
Plaza Sonora1/11BR,1BA$888
305 FlatsCap CityStudio,1BA$900

Best Value Apartments for Rent in Central Austin, TX

As of January 15, 2026 the best value apartment in the Central Austin area is the $0.91 price per square foot 4 Bed, 2 Bath Classic Model at Yugo Austin Nueces in the in the Central East Austin neighborhood starting from $1,229. The second greatest value Central Austin apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,465 with a $1.16 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Central Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Austin Nueces4 Bed, 2 Bath Classic4BR,2BA$0.91
Union on San AntonioD1 - Trinity4BR,4BA$1.16
Villas on GuadalupeC23BR,3BA$0.98
24 Longview4x24BR,2BA$0.49
Yugo Austin Corner2 Bed, 1 Bath Deluxe2BR,1BA$1.31
Stone Hill Apartments2-Bedroom2BR,2BA$1.55
Point NorthB12BR,2BA$1.18
La Casita2BR/1.0BA2BR,1BA$1.25
Casa Del Rio ApartmentsA11BR,1BA$1.23
San Gabriel Square Apartments2BR/1BA2BR,1BA$1.33

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Central Austin, Austin, TX

Ranked #36

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Texas, including Austin. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Austin Apartments

What is a cheap apartment in Central Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Austin is under $900.

What is the price of a cheap apartment in Central Austin?

The cheapest apartment in Central Austin is San Gabriel Square Apartments which is listed at $649, while the average apartment in Central Austin costs $18,995.

What types of apartments are the cheapest in Central Austin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 269 regular apartments in Central Austin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Central Austin?

Cheap apartments in Central Austin have an average cost of $1,144 which is $17,851 cheaper than the average rent for all rentals in Central Austin.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

Written by: Raul Mercado

For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

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Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas

Written by: Raul Mercado

Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

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Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

Written by: Raul Mercado

Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!