Cheap Homes for Rent in Central Austin Neighborhood of Austin, TX from $600 (87 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.

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property at 2706 Cole St

2706 Cole St

AustinTX78705

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 306 E 30th St

306 E 30th St

AustinTX78705
property at 2800 Cole St

2800 Cole St

AustinTX78705
property at 915 W 23rd St

915 W 23rd St

AustinTX78705

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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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.

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property at 400 W 35th St

400 W 35th St

AustinTX78705
property at 204 E 30th St

204 E 30th St

AustinTX78705
property at 304 E 33rd St

304 E 33rd St

AustinTX78705
property at 2207 Leon St

2207 Leon St

AustinTX78705
property at 3506 Speedway

3506 Speedway

AustinTX78705
property at 501 W 26th St

501 W 26th St

AustinTX78705
property at 806 W 24th St

806 W 24th 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.

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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 San Gabriel Square Apartments priced from $799. Pinnacle 31 has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
San Gabriel Square Apartments1BR/1BA w/ Study1BR,1BA$799
Pinnacle 31EfficiencyStudio,1BA$875
Casa Del Rio ApartmentsA11BR,1BA$959
Villas on RioB5-SHARED2BR,2BA$959
West Campus FlatsMini StudioStudio,1BA$995
HillTopColorado A4BR,4BA$995
Nova HouseA11BR,1BA$995
Fountain Terrace ApartmentsS1 Upgraded1BR,1BA$995
Oasis at the SpeedwayEasy Tiger1BR,1BA$1,025
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050

Best Value Apartments for Rent in Central Austin, TX

As of August 02, 2025 the best value apartment in the Central Austin area is the $0.73 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,229. The second greatest value Central Austin apartment is the D1 Model at Point North Student Living starting at $1,389 with a $1.04 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 Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.73
Point North Student LivingD14BR,4BA$1.04
HillTopBrazos B2BR,2BA$1.35
Marian Condos2BR/2.0BA2BR,2BA$1.19
24 Longview4x24BR,2BA$0.57
North 40Building C - 2 Bed 1 Bath2BR,1BA$1.29
1883 at Montgomery House Student LivingB12BR,2BA$1.28
Casa Del Rio ApartmentsB12BR,1BA$1.51
La Casita2BR/1.0BA2BR,1BA$1.59
1883 at Cameron House Student LivingA21BR,1BA$1.32

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 461 Apartments for Rent in Central Austin, TX with pricing that ranges from $574 to $14,000. There are also 258 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Austin ranging from $625 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 $625 to $17,500 with an average monthly rent of $5,489.

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 $845 to $5,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $11,999. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $575.

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

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.