Cheap Apartments for Rent in the Chestnut Neighborhood of Austin, TX from $400 (198 Rentals)

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

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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 311 E 31st St

311 E 31st St

AustinTX78705
property at 4105 Speedway

4105 Speedway

AustinTX78751
property at 4103 Speedway

4103 Speedway

AustinTX78751

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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 Volume 2 priced from $799. Volume 1 has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Chestnut apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Volume 2Vol 1 - StudioStudio,1BA$799
Volume 1Vol 1 - StudioStudio,1BA$799
Volume 4Vol 4 - StudioStudio,1BA$824
Volume 3Vol 3 - StudioStudio,1BA$849
The RailE2Studio,1BA$866
Fountain Terrace ApartmentsS1 ClassicStudio,1BA$895
Casa 391 bedroom 1 bathroom1BR,1BA$899
The Abali ApartmentsA1Studio,1BA$900
Los Portales de Lena GuerreroThe ElmStudio,1BA$900
Volume 5Vol 5 - 1 Bedroom 1 Bathroom1BR,1BA$949

Best Value Apartments for Rent in Chestnut, TX

As of July 07, 2025 the best value apartment in the Chestnut 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 Chestnut 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 Chestnut 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
TorreTH - C23BR,3BA$1.31
The Studio at ThinkEastTwo Bedroom / Two bath2BR,2BA$1.04
Venue on GuadalupeB92BR,2BA$1.10
The Jordan at MuellerTwo Bedrooms2BR,2BA$1.25
Sparq on RioSan Antonio2BR,2BA$1.55
North 40Building C - 2 Bed 1 Bath2BR,1BA$1.53
M StationA11BR,1BA$1.49

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 neighborhoods in Austin, TX 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 $949.

What is the price of a cheap apartment in Chestnut?

The cheapest apartment in Chestnut is Casa 39 which is listed at $899, while the average apartment in Chestnut costs $14,000.

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 261 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 $722 which is $13,278 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.

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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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.