
Cheap Homes for Rent in Central Austin Neighborhood of Austin, TX from $700 (92 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Austin area of Austin.


2307 Longview St, Unit A

2815 Rio Grande St

2404 Longview St

1014 1/2 E 38th St

1000 W 26th St

3106 Duval St

2905 Swisher St, Unit 208

204 E 30th St, Unit Austin Condo

408 W 37th St
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.

2510 San Gabriel St

3400 Speedway

3000 Guadalupe St

1913 Robbins Pl

1011 W 23rd St

3316 Guadalupe St

621 W 37th St

3102-3102 King St

2808 Whitis Ave
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.

2803 Hemphill Park

1403 Windsor Rd

3316 Guadalupe St, Unit 206

3110 Red River St

1006 1/2 W 22nd St

2813 Rio Grande St

3400 Speedway 303

2813 1/2 Rio Grande St

304 E 33rd St

306 E 30th St
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.

2801 Hemphill Park

301 W 29th St

3206 King St

2706 Cole St

2210 Pearl St

2714 Nueces St

2505 San Gabriel St

2529 Rio Grande St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1800 Lavaca St

2831 Pearl St

914-22 1/2 W 22 1/2 St

2217 San Gabriel St

309 E 32nd St

1905 San Gabriel St

2604 Salado St

3506 Speedway

1010 W 23rd St

2703 Swisher St

1800 Lavaca St, Unit 104

908 Poplar St

3010 Fruth None E #C C
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado
Central Austin, Austin, TX Local Guide

How much does it cost to rent a home in Central Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Austin 2 Bedroom Homes for Rent | $2,081 | $1,050 | $4,750 |
Central Austin 3 Bedroom Homes for Rent | $3,443 | $1,850 | $10,000+ |
Central Austin 4 Bedroom Homes for Rent | $4,611 | $800 | $10,000+ |
Central Austin 5 Bedroom Homes for Rent | $5,603 | $3,400 | $9,750 |
Central Austin 6 Bedroom Homes for Rent | $8,250 | $4,500 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 92 rentals with your search options within a 2 mile radius of the Central Austin Neighborhood of Austin, TX.
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Central Austin, Austin, TX Local Guide
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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 $809. La Casita has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Central Austin apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
San Gabriel Square Apartments | Large Efficency | Studio,1BA | $809 |
La Casita | 1BR/1.0BA | 1BR,1BA | $900 |
Swisher Apartments | Updated North Campus One Bedroom | 1BR,1BA | $950 |
Villas on Rio | B5-SHARED | 2BR,2BA | $959 |
Mauna Kai Austin | Model A/B | Studio,1BA | $975 |
Nova House | A1 | 1BR,1BA | $995 |
Fountain Terrace Apartments | S1 Classic | Studio,1BA | $995 |
West Campus Flats | Mini Studio | Studio,1BA | $995 |
HillTop | Colorado A | 4BR,4BA | $995 |
Greenwood Square | Studio- | Studio,1BA | $999 |
Best Value Apartments for Rent in Central Austin, TX
As of June 17, 2025 the best value apartment in the Central Austin area is the $0.78 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,329. The second greatest value Central Austin apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,399 with a $0.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Yugo Austin Waterloo | 6 Bed, 6 Bath Plus | 6BR,6BA | $0.78 |
Yugo Austin Rio | 4 Bed, 4 Bath Deluxe | 4BR,4BA | $0.88 |
Point North Student Living | D1 | 4BR,4BA | $1.04 |
HillTop | Frio C | 3BR,2BA | $0.99 |
Axis West Campus | Ardent | 2BR,2BA | $1.21 |
Venue on Guadalupe | B1 | 2BR,2BA | $1.20 |
Sparq on Rio | San Antonio | 2BR,2BA | $1.55 |
Villas on Rio | B2 | 2BR,2BA | $1.66 |
North 40 | Building A - 2 Bed 1 Bath | 2BR,1BA | $1.53 |
La Casita | 1BR/1.0BA | 1BR,1BA | $1.64 |
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.
Frequently Asked Questions about Central Austin
What type of rentals are currently available in Central Austin?
There are currently 479 Apartments for Rent in Central Austin, TX with pricing that ranges from $574 to $14,000. There are also 287 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Austin ranging from $799 to $17,500.
What is the current price range for Rental Homes in Central Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Austin ranges from $799 to $17,500 with an average monthly rent of $7,565.
How much are larger Three and Four Bedroom Rentals in Central Austin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Austin range from $574 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $11,500. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $730.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.