Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $400 (241 Rentals)

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

property at 307 E 31st St

$800 - $1,400

2 Bedroom Rentals

Available Now

307 E 31st St

AustinTX78705

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

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

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property at 1008 W 25th St

$875 - $1,050

1 Bedroom Rentals

Available Aug 10

1008 W 25th St

AustinTX78705
property at 501 W 26th St

$1,100

Total Monthly Price

Total Monthly Price

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

3 Bedroom, 2 Bath Condo for Rent

Available Jul 1

501 W 26th St, Unit 114

501 W 26th St
AustinTX78705

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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3302 Robinson Ave, Unit B
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
Studio Apartment Available Now

3302 Robinson Ave, Unit B

3302 Robinson AveAustin, TX 78722
Affordability
property at 1010 W 26th St

$1,150 - $3,795

Studio To 6 Bedroom Rentals

Available Aug 10

1010 W 26th St

AustinTX78705
property at 2712 Whitis Ave

$1,200 - $2,100

1 To 3 Bedroom Rentals

Available Aug 4

2712 Whitis Ave

AustinTX78705
property at 1302 W 24th St

$1,224 - $1,260

1 To 2 Bedroom Rentals

Available Now

1302 W 24th St

AustinTX78705

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

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

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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 San Gabriel Square Apartments priced from $649. 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
San Gabriel Square ApartmentsSmall EfficencyStudio,1BA$649
Miller Square & Spanish TrailsE1 - Designer - Miller SquareStudio,1BA$799
La CasitaREMODELED 2x12BR,1BA$799
Marian Condos2x22BR,2BA$800
Pinnacle 31EfficiencyStudio,1BA$875
Fountain Terrace ApartmentsS1 Upgraded1BR,1BA$895
Montage ApartmentsModel 11BR,1BA$900
621 W 31st StStudioStudio,1BA$950
305 FlatsStudio - CentralStudio,1BA$960
Swisher Apartments1BR/1.0BA1BR,1BA$975

Best Value Apartments for Rent in Central Austin, TX

As of June 01, 2026 the best value apartment in the Central Austin area is the $0.91 price per square foot 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio in the in the Central East Austin neighborhood starting from $1,449. The second greatest value Central Austin apartment is the D3 Model at Point North starting at $849 with a $0.61 price per square foot in the 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 Deluxe4BR,4BA$0.91
Point NorthD34BR,4BA$0.61
Yugo Austin Nueces4 Bed, 2 Bath Classic4BR,2BA$0.94
Union on San AntonioD1 - Trinity4BR,4BA$1.19
Venue on GuadalupeB3A2BR,2BA$1.18
24 Longview4x24BR,2BA$0.49
Sparq on RioSalado2BR,2BA$1.37
Texan 262x2 Loft2BR,2BA$1.30
Villas on RioB2A-SHARED2BR,2BA$1.18
La Casita2BR/1.0BA2BR,1BA$1.25

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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Pet Friendly Lifestyle
Central Austin, Austin, TX

Ranked #39

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 $975.

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

The cheapest apartment in Central Austin is Fountain Terrace Apartments which is listed at $895, 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 167 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 $1,030 which is $17,965 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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