Cheap Apartments for Rent in the Cherrywood Neighborhood of Austin, TX from $700 (72 Rentals)

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

property at 4105 Speedway

4105 Speedway

AustinTX78751

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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Volume 2
Studio to 2 Bedroom Apartments

Volume 2

2604 Manor RdAustin, TX 78722
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The Abali Apartments
Studio to 3 Bedroom Apartments

The Abali Apartments

4611 N IH 35 SVRD NBAustin, TX 78722
Furnished
  • Utilities Included
  • Low Income
  • Matterport 3D Tour
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Volume 1
Studio Apartments

Volume 1

2506 Manor RdAustin, TX 78722

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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Volume 4
Studio to 1 Bedroom Apartments

Volume 4

2703-2709 Manor RdAustin, TX 78722
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Red River Place
Studio to 1 Bedroom Apartments

Red River Place

924 Dean Keeton StAustin, TX 78712
  • Utilities Included
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The Avalon Apartments
Studio to 2 Bedroom Apartments

The Avalon Apartments

1100 E 32nd StAustin, TX 78722
  • Utilities Included
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Volume 8
1 to 2 Bedroom Apartments

Volume 8

2515 Manor RdAustin, TX 78722
property at 2706 Cole St

2706 Cole St

AustinTX78705
property at 2800 Cole St

2800 Cole 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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Volume 3
Studio Apartments

Volume 3

2704 Manor RdAustin, TX 78722
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2401 Manor Rd
1 to 2 Bedroom Apartments

2401 Manor Rd

2401 Manor RdAustin, TX 78722
  • Utilities Included
  • Smoke Free
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Hyde Park
Studio to 4 Bedroom Apartments

Hyde Park

918-920 E 40th StAustin, TX 78751
Showing Results 1-50, Page 1 of 2

Cherrywood, Austin, TX Local Guide

Cheapest Available Cherrywood Apartments for Rent

 

The cheapest available apartment rental in the Cherrywood area of Austin, TX is a Studio unit found at Nellie priced from $749. La Casita has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Cherrywood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
NellieEffStudio,1BA$749
La Casita1BR/1.0BA1BR,1BA$750
Volume 1Vol 1 - StudioStudio,1BA$799
The Abali ApartmentsA1Studio,1BA$799
Volume 2Vol 1 - StudioStudio,1BA$799
The RailE2Studio,1BA$866
Volume 8Vol 8 - 1 Bedroom 1 Bathroom1BR,1BA$949
Manor FlatsOne Bedroom1BR,1BA$995
Volume 4Vol 4 - 1 Bedroom 1 Bathroom1BR,1BA$999
Urban VillasOne Bedroom One Bath1BR,1BA$999

Best Value Apartments for Rent in Cherrywood, TX

As of October 10, 2025 the best value apartment in the Cherrywood area is the $1.40 price per square foot B2 Model at Duval Villa in the in the East Austin neighborhood starting from $1,395. The second greatest value Cherrywood apartment is the rroB1 Model at River Oaks starting at $1,705 with a $1.79 price per square foot in the East Austin neighborhood. Here is today’s list of the best values for Cherrywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Duval VillaB22BR,2BA$1.40
River OaksrroB12BR,1BA$1.79
Casa Del Rio ApartmentsB12BR,1BA$1.38
La CasitaREMODELED 2x12BR,1BA$1.15
M StationA11BR,1BA$1.49
The Abali ApartmentsB11BR,1BA$1.68
Manor FlatsOne Bedroom1BR,1BA$1.53
Urban VillasOne Bedroom One Bath1BR,1BA$1.59
Volume 7Vol 7 - 1 Bedroom 1 Bathroom1BR,1BA$1.72
Volume 8Vol 8 - 1 Bedroom 1 Bathroom1BR,1BA$1.69

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
Cherrywood, Austin, TX

Ranked #106

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Cherrywood Apartments

What is a cheap apartment in Cherrywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cherrywood is under $999.

What is the price of a cheap apartment in Cherrywood?

The cheapest apartment in Cherrywood is La Casita which is listed at $750, while the average apartment in Cherrywood costs $18,900.

What types of apartments are the cheapest in Cherrywood?

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 97 regular apartments in Cherrywood 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 Cherrywood?

Cheap apartments in Cherrywood have an average cost of $497 which is $18,403 cheaper than the average rent for all rentals in Cherrywood.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.