Cheap Homes for Rent in Central Austin Neighborhood of Austin, TX from $700 (92 Rentals)

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

property at 1000 W 26th St

1000 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.

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.

property at 304 E 33rd St

304 E 33rd St

AustinTX78705
property at 306 E 30th St

306 E 30th 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.

property at 3206 King St

3206 King St

AustinTX78705
property at 2706 Cole St

2706 Cole St

AustinTX78705
property at 2210 Pearl St

2210 Pearl St

AustinTX78705
property at 2714 Nueces St

2714 Nueces St

AustinTX78705

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.

property at 1800 Lavaca St

1800 Lavaca St

AustinTX78701
property at 3506 Speedway

3506 Speedway

AustinTX78705
property at 908 Poplar St

908 Poplar St

AustinTX78705

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

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 ListingModel NameBed/BathPriced From
San Gabriel Square ApartmentsLarge EfficencyStudio,1BA$809
La Casita1BR/1.0BA1BR,1BA$900
Swisher ApartmentsUpdated North Campus One Bedroom1BR,1BA$950
Villas on RioB5-SHARED2BR,2BA$959
Mauna Kai AustinModel A/BStudio,1BA$975
Nova HouseA11BR,1BA$995
Fountain Terrace ApartmentsS1 ClassicStudio,1BA$995
West Campus FlatsMini StudioStudio,1BA$995
HillTopColorado A4BR,4BA$995
Greenwood SquareStudio-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 ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Austin Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.78
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Point North Student LivingD14BR,4BA$1.04
HillTopFrio C3BR,2BA$0.99
Axis West CampusArdent2BR,2BA$1.21
Venue on GuadalupeB12BR,2BA$1.20
Sparq on RioSan Antonio2BR,2BA$1.55
Villas on RioB22BR,2BA$1.66
North 40Building A - 2 Bed 1 Bath2BR,1BA$1.53
La Casita1BR/1.0BA1BR,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.

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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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

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

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.