Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $400 (207 Rentals)

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

property at 4105 Speedway

$750

Studio To 1 Bedroom Rentals

Available May 11

4105 Speedway

AustinTX78751

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

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property at 307 E 31st St

$800 - $1,400

2 Bedroom Rentals

Available Now

307 E 31st St

AustinTX78705

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

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property at 1010 W 26th St

$1,150 - $3,795

Studio To 6 Bedroom Rentals

Available Aug 10

1010 W 26th St

AustinTX78705

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

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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 Studio unit found at Casa Marfil priced from $775. Miller Square & Spanish Trails has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Casa MarfilStudioStudio,1BA$775
Miller Square & Spanish TrailsE1 - Designer - Miller SquareStudio,1BA$799
San Gabriel Square Apartments2BR/1BA2BR,1BA$799
La CasitaREMODELED 2x12BR,1BA$799
Marian Condos2x22BR,2BA$800
Azulina Gardens1/11BR,1BA$824
Pinnacle 31EfficiencyStudio,1BA$875
Fountain Terrace ApartmentsS1 UpgradedStudio,1BA$895
305 FlatsStudio - ClassicStudio,1BA$895
Montage ApartmentsModel 11BR,1BA$900

Best Value Apartments for Rent in Central Austin, TX

As of April 17, 2026 the best value apartment in the Central Austin area is the $0.90 price per square foot 4 Bed, 4 Bath Plus Model at Yugo Austin Rio in the in the Central East Austin neighborhood starting from $1,309. The second greatest value Central Austin apartment is the 4 Bed, 3 Bath Classic Model at Yugo Austin Nueces starting at $1,299 with a $0.98 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 Rio4 Bed, 4 Bath Plus4BR,4BA$0.90
Yugo Austin Nueces4 Bed, 3 Bath Classic4BR,3BA$0.98
Venue on GuadalupeB32BR,2BA$1.23
24 Longview4x24BR,2BA$0.49
Stone Hill Apartments2-Bedroom2BR,2BA$1.49
Texan 262x2 Loft2BR,2BA$1.30
Point NorthB12BR,2BA$1.18
La Casita2BR/1.0BA2BR,1BA$1.25
The Parker at Hyde Park1 Bed 1 Bath1BR,1BA$1.51
San Gabriel Square Apartments2BR/1BA2BR,1BA$1.33

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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

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

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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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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 #37

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 La Casita which is listed at $799, 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 294 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 $1,090 which is $17,905 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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

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

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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.