Cheap Apartments for Rent in the Central East Austin Neighborhood of Austin, TX from $500 (221 Rentals)

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

property at 911 W 22nd St

911 W 22nd 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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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 2610 Salado St

2610 Salado St

AustinTX78705
property at 311 E 31st St

311 E 31st 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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property at 1010 W 26th St

1010 W 26th 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.

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property at 2900 Cole St

2900 Cole 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

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Central East Austin, Austin, TX Local Guide

Cheapest Available Central East Austin Apartments for Rent

 

The cheapest available apartment rental in the Central East Austin area of Austin, TX is a Studio unit found at Mesh Apartments priced from $699. Volume 2 has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Central East Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Mesh ApartmentsE1-Mesh IIIStudio,1BA$699
Volume 2Vol 1 - StudioStudio,1BA$799
Volume 1Vol 1 - StudioStudio,1BA$799
Parker Heights Apartments0BR/1.0BAStudio,1BA$800
San Gabriel Square ApartmentsLarge EfficencyStudio,1BA$809
The RailE2Studio,1BA$866
Pathways at Chalmers Courts East1/11BR,1BA$869
Pathways at Chalmers Courts West1/11BR,1BA$875
Volume 4Vol 4 - StudioStudio,1BA$899
Volume 3Vol 3 - StudioStudio,1BA$899

Best Value Apartments for Rent in Central East Austin, TX

As of June 18, 2025 the best value apartment in the Central East 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 East 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 East 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
M StationA11BR,1BA$1.49
Aria GrandA11BR,1BA$1.45
Pathways at Chalmers Courts East1/11BR,1BA$1.25
Pathways at Chalmers Courts West1/11BR,1BA$1.27

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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Pet Friendly Lifestyle
Central East Austin, Austin, TX

Ranked #7

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Texas and customized analysis for Central Austin, TX. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, family-friendliness, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Central East Austin Apartments

What is a cheap apartment in Central East Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central East Austin is under $899.

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

The cheapest apartment in Central East Austin is Mesh Apartments which is listed at $799, while the average apartment in Central East Austin costs $14,000.

What types of apartments are the cheapest in Central East 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 264 regular apartments in Central East 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 East Austin?

Cheap apartments in Central East Austin have an average cost of $666 which is $13,334 cheaper than the average rent for all rentals in Central East Austin.

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.

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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.