Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $600 (50 Rentals)

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

property at 601 W 11th St

$1,125 - $1,325

1 To 2 Bedroom Rentals

Available Now

601 W 11th St

AustinTX78701

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601 W 11th St
1 to 2 Bedroom Apartments

601 W 11th St

601 W 11th StAustin, TX 78701

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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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Penthouse
1 to 3 Bedroom Apartments

Penthouse

1801 Rio Grande StAustin, TX 78701
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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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Lorrain
1 to 3 Bedroom Apartments

Lorrain

1401 Enfield RdAustin, TX 78703
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The Quincy
Studio to 3 Bedroom Apartments

The Quincy

91 Red River StAustin, TX 78701
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Elle West Ave
Studio to 3 Bedroom Apartments

Elle West Ave

300 West AveAustin, TX 78701
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South Congress Square
1 to 2 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
  • Utilities Included
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Avenir
Studio to 2 Bedroom Apartments

Avenir

1109 N Interstate 35Austin, TX 78702

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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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Showing Results 1-50, Page 1 of 1

Downtown Austin, Austin, TX Local Guide

Cheapest Available Downtown Austin Apartments for Rent

 

The cheapest available apartment rental in the Downtown Austin area of Austin, TX is a 1 Bed unit found at Timbercreek Apartments priced from $657. The Rebekah has the second lowest priced unit, which is a Studio apartment currently listed from $702. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Timbercreek ApartmentsA5 Affordable1BR,1BA$657
The RebekahT!Studio,1BA$702
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Fabulous landmark Downtown Austin property! Great downtown neighborhood!1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1,125
Placemakr Downtown AustinS4Studio,1BA$1,156
Residences at SaltilloE1 - SMARTStudio,1BA$1,171
Rio House Apartments1 Bedroom1BR,1BA$1,200
CrescentE1Studio,1BA$1,297
The WillowsPRELEASE NOW FOR FALL 2025 wilA1Studio,1BA$1,314
SoCo on the Lake1A1BR,1BA$1,338

Best Value Apartments for Rent in Downtown Austin, TX

As of December 30, 2025 the best value apartment in the Downtown Austin area is the $2.22 price per square foot C1 Model at Muse at SoCo in the in the Town Lake neighborhood starting from $3,239. The second greatest value Downtown Austin apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,465 with a $1.16 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Downtown Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Muse at SoCoC13BR,2BA$2.22
Union on San AntonioD1 - Trinity4BR,4BA$1.16
Nueces Flats#3422BR,2BA$1.97
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
The Beverly at Medical CenterA31BR,1BA$1.99
Signature 1909Frisco C2BR,2BA$1.96
Rio House Apartments2 Bedroom2BR,1BA$1.87
The Ladybird Senior Apartments - 55+A2.c-60%1BR,1BA$2.04
Fabulous landmark Downtown Austin property! Great downtown neighborhood!1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1.62
The RebekahT!Studio ,1BA$1.40

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.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Local 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

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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
Downtown Austin, Austin, TX

Ranked #36

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison 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 searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Austin Apartments

What is a cheap apartment in Downtown Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Austin is under $1,338.

What is the price of a cheap apartment in Downtown Austin?

The cheapest apartment in Downtown Austin is Timbercreek Apartments which is listed at $657, while the average apartment in Downtown Austin costs $15,542.

What types of apartments are the cheapest in Downtown 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 34 regular apartments in Downtown 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 Downtown Austin?

Cheap apartments in Downtown Austin have an average cost of $527 which is $15,015 cheaper than the average rent for all rentals in Downtown Austin.

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.

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