
Cheap Apartments for Rent in the Chestnut Neighborhood of Austin, TX from $500 (220 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chestnut area of Austin.


311 E 31st St

The Rebekah Senior Apartments

4709 Harmon Ave

919 E 46th St

Total Monthly Price
Casa Marfil

901 Springdale Rd

Total Monthly Price
Miller Square & Spanish Trails

The Studio at ThinkEast

La Casita
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.

4105 Speedway

924 E Dean Keeton St

Total Monthly Price
Azulina Gardens

4204 Speedway

Pinnacle 31

Total Monthly Price
Plaza Sonora

Total Monthly Price
305 Flats

1903 E 20th St

Montage Apartments

Aldrich 51
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.

202 E 32nd St

105 E 38th St

Los Portales de Lena Guerrero

2800 Swisher St

926 E Dean Keeton St

630 Maiden Ln

3106 Duval St

Total Monthly Price
Nexus East

1902 Nueces St

Nova House
Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas
Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

2609 E Cesar Chavez St

2906 Sweeney Ln

3202 Grooms St

The Carrells Apartments

Manor Flats

400 W 34th St

420 N Pleasant Valley Rd

301 W 38th St

Speedway 38

2608 Salado St
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.

2721 Hemphill Park

5909 Bolm Rd

307 E 31st St

3405 Helms St

4111 Avenue A

Oasis at the Speedway

Seabrook Square

Fountain Terrace Apartments

2306 E 8th St

Cedar 31
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.
Chestnut, Austin, TX Local Guide

How much does it cost to rent an apartment in Chestnut?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chestnut Studio Apartments | $1,597 | $693 | $3,790 |
| Chestnut 1 Bedroom Apartments | $2,147 | $799 | $10,000+ |
| Chestnut 2 Bedroom Apartments | $2,980 | $659 | $10,000+ |
| Chestnut 3 Bedroom Apartments | $3,819 | $830 | $10,000+ |
| Chestnut 4 Bedroom Apartments | $1,461 | $880 | $5,000 |
| Chestnut 5 Bedroom Apartments | $1,442 | $830 | $4,010 |
Browse Apartments in this Neighborhood
There are currently 220 rentals with your search options within a 2 mile radius of the Chestnut Neighborhood of Austin, TX.
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Chestnut, Austin, TX Local Guide
- Nearby Austin neighborhoods
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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 Senior Apartments priced from $702. Volume 1 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Rebekah Senior Apartments | T1- 30% | Studio,1BA | $702 |
| Volume 1 | Vol 1 - Studio | Studio,1BA | $749 |
| Volume 2 | Vol 1 - Studio | Studio,1BA | $749 |
| Casa Marfil | Studio | Studio,1BA | $775 |
| Volume 5 | Vol 5 - 1 Bedroom 1 Bathroom | 1BR,1BA | $781 |
| The Studio at ThinkEast | Studio/One Bath | Studio,1BA | $799 |
| Miller Square & Spanish Trails | E1 - Designer - Miller Square | Studio,1BA | $799 |
| La Casita | REMODELED 2x1 | 2BR,1BA | $799 |
| Pathways at Rosewood Courts | A9 | 1BR,1BA | $803 |
| Volume 4 | Vol 4 - Studio | Studio,1BA | $824 |
Best Value Apartments for Rent in Chestnut, TX
As of March 04, 2026 the best value apartment in the Chestnut area is the $0.90 price per square foot 4 Bed, 4 Bath Plus Model at Yugo Austin Rio in the in the Central East Austin neighborhood starting from $1,309. The second greatest value Chestnut apartment is the 4 Bed, 2 Bath Classic Model at Yugo Austin Nueces starting at $1,229 with a $0.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Yugo Austin Rio | 4 Bed, 4 Bath Plus | 4BR,4BA | $0.90 |
| Yugo Austin Nueces | 4 Bed, 2 Bath Classic | 4BR,2BA | $0.91 |
| Union on San Antonio | D1 - Trinity | 4BR,4BA | $1.16 |
| Villas on Guadalupe | B6 Loft | 3BR,2BA | $0.71 |
| Venue on Guadalupe | B3 | 2BR,2BA | $1.23 |
| M Station | B2 | 2BR,2BA | $1.20 |
| Point North | B1 | 2BR,2BA | $1.18 |
| La Casita | 2BR/1.0BA | 2BR,1BA | $1.25 |
| The Jordan at Mueller | One Bedrooms | 1BR,1BA | $1.45 |
| The Parker at Hyde Park | 1 Bed 1 Bath | 1BR,1BA | $1.51 |
Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleLocal Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick 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.
Pet Friendly LifestyleChestnut, Austin, TX
Ranked #11
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
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 $824.
What is the price of a cheap apartment in Chestnut?
The cheapest apartment in Chestnut is La Casita which is listed at $799, while the average apartment in Chestnut costs $2,465.
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 359 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 $918 which is $1,547 cheaper than the average rent for all rentals in Chestnut.
Expert Rental Resources
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin
Written by: Raul Mercado
For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas
Written by: Raul Mercado
Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
Written by: Raul Mercado
Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.