Cheap Apartments for Rent in the Chestnut Neighborhood of Austin, TX from $400 (192 Rentals)

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

property at 4709 Harmon Ave

4709 Harmon Ave

AustinTX78751
property at 400 W 34th St

400 W 34th St

AustinTX78705

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.

Read Article
property at 4105 Speedway

4105 Speedway

AustinTX78751
property at 4204 Speedway

4204 Speedway

AustinTX78751

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
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Chestnut, Austin, TX Local Guide

Cheapest Available Chestnut Apartments for Rent

 

The cheapest available apartment rental in the Chestnut area of Austin, TX is a Studio unit found at The Rebekah priced from $699. Nellie has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Chestnut apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The RebekahStudioStudio,1BA$699
NellieEffStudio,1BA$749
La Casita1BR/1.0BA1BR,1BA$750
The Abali ApartmentsA1Studio,1BA$799
Volume 2Vol 1 - StudioStudio,1BA$799
Volume 1Vol 1 - StudioStudio,1BA$799
The Studio at ThinkEastStudio/ One bathStudio,1BA$799
The RailE2Studio,1BA$866
Pinnacle 31EfficiencyStudio,1BA$875

Best Value Apartments for Rent in Chestnut, TX

As of October 10, 2025 the best value apartment in the Chestnut area is the $0.45 price per square foot D5TH-SHARED Model at Villas on Rio in the in the Central East Austin neighborhood starting from $979. The second greatest value Chestnut apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,050 with a $0.83 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Chestnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas on RioD5TH-SHARED4BR,4BA$0.45
Union on San AntonioD1 - Trinity4BR,4BA$0.83
GrandMarc Austin2X22BR,2BA$1.38
2904 Sweeney Ln, Unit D2904 Sweeney Ln1BR,1BA$0.85
Duval VillaB22BR,2BA$1.40
Point North Student LivingB12BR,2BA$1.18
Casa Del Rio ApartmentsB12BR,1BA$1.38
The Jordan at MuellerOne Bedrooms1BR,1BA$1.45
La CasitaREMODELED 2x12BR,1BA$1.15
The Studio at ThinkEastStudio/ One bathStudio ,1BA$1.37

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
Chestnut, Austin, TX

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Chestnut, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Texas, including Austin. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Chestnut Neighborhood in Austin, TX

Walk Score®

82 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

90 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

55 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Chestnut Apartments

What is a cheap apartment in Chestnut?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chestnut is under $875.

What is the price of a cheap apartment in Chestnut?

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

What types of apartments are the cheapest in Chestnut?

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 229 regular apartments in Chestnut 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 Chestnut?

Cheap apartments in Chestnut have an average cost of $677 which is $18,223 cheaper than the average rent for all rentals in Chestnut.

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.