Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $600 (189 Rentals)

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

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2413 Leon St, Unit #201
$800
Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800
1 Bedroom Apartment Available Now

2413 Leon St, Unit #201

2413 Leon StAustin, TX 78705
Affordability
property at 502 W 35th St

$850 - $1,150

Studio To 1 Bedroom Rentals

Available Now

502 W 35th St

AustinTX78705

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property at 3816 Speedway

$895 - $950

1 Bedroom Rentals

Available Sep 20

3816 Speedway

AustinTX78751

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property at 3506 Speedway

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 2 Bath Condo for Rent

Available Now

3506 Speedway, Unit 105

3506 Speedway
AustinTX78705
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The Kingston
$1,150 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,265
Total Monthly Price
$1,150 - $1,265
1 Bedroom Apartments Available Oct 10

The Kingston

409 W 38th StAustin, TX 78705
Student Housing
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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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property at 615 W 31st St

$1,000 - $1,300

1 Bedroom Rentals

Available Now

615 W 31st St

AustinTX78705

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 La Casita priced from $699. Chateau Duval has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
La Casita1BR/1.0BA1BR,1BA$699
Chateau Duval1BR/1.0BA1BR,1BA$775
Popolo VillageStudioStudio,1BA$799
San Gabriel Square Apartments2BR/1BA2BR,1BA$799
104 W. 38th 1/2 Street0BR/1.0BAStudio,1BA$825
Pinnacle 31EfficiencyStudio,1BA$875
305 FlatsStudio - ClassicStudio,1BA$895
Villas on RioC3-SHARED3BR,3BA$939
The Carrells Apartments1 Bed, 1 bath1BR,1BA$995

Best Value Apartments for Rent in Central Austin, TX

As of August 31, 2026 the best value apartment in the Central Austin area is the $0.53 price per square foot San Pedro Model at Sparq on Rio in the in the Central East Austin neighborhood starting from $829. The second greatest value Central Austin apartment is the 3 Bed, 2 Bath Deluxe Model at Yugo Austin Corner starting at $1,169 with a $0.94 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.
Sparq on RioSan Pedro3BR,3BA$0.53
Yugo Austin Corner3 Bed, 2 Bath Deluxe3BR,2BA$0.94
Sterling3 bedroom 3 bathroom-C13BR,3BA$1.01
Yugo Austin Waterloo4 Bed, 4 Bath Premier4BR,4BA$1.20
Marian Condos2x22BR,2BA$1.09
24 Longview4x24BR,2BA$0.68
Karnes2 Bedroom 2 Bathroom Double occupancy-B12BR,2BA$0.72
Villas on RioB4-SHARED2BR,2BA$1.17
Grayson1 bedroom 1 bathroom Double occupancy-A71BR,1BA$1.14
La Casita2BR/1.0BA2BR,1BA$1.12

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #45

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 $995.

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

The cheapest apartment in Central Austin is La Casita which is listed at $699, while the average apartment in Central Austin costs $1,440.

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 314 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 $993 which is $447 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.

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