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$705
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Total Monthly Price$705
The Rebekah Senior Apartments
1320 Art Dilly DrAustin, TX 78702
Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $705 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Austin area of Austin.
1906 San Gabriel St
AustinTX78705
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$1,050 - $2,100Studio to 3 Bedroom Apartments Available Now
1400 Rio Grande Apartments
1400 Rio Grande StAustin, TX 78701
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$1,100 - $1,9001 to 2 Bedroom Apartments Available Now
The Ladybird Senior Apartments - 55+
1320 Art Dilly DrAustin, TX 78702
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$1,111 - $2,810
Total Monthly Price
Base Rent$1,111 - $2,810
Total Monthly PriceVaries
Timbercreek Apartments
614 S 1st StAustin, TX 78704
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$1,176 - $12,266Studio to 2 Bedroom Apartments Available Now
Residences at Saltillo
1211 E 5th StAustin, TX 78702
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$1,202 - $3,519Studio to 2 Bedroom Apartments Available Now
SoCo on the Lake
222 E Riverside DrAustin, TX 78704
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$1,2501 Bedroom Apartments Available Now
Diplomat Apartments
1911 San Gabriel StAustin, TX 78705
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$1,250 - $1,7001 to 2 Bedroom Apartments Available Now
Lantana Apartments
1802 West AveAustin, TX 78701
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$1,250 - $1,8001 to 2 Bedroom Apartments Available Now
Rio House Apartments
606 W 17th StAustin, TX 78701
Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.
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$1,302 - $5,053Studio to 2 Bedroom Apartments Available Now
Crescent
127 E Riverside DrAustin, TX 78704
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$1,411 - $4,959Studio to 2 Bedroom Apartments Available Now
Placemakr Downtown Austin
710 E 3rd StAustin, TX 78701
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$1,449 - $4,220Studio to 2 Bedroom Apartments Available Now
The Shoal
827 W 12th StAustin, TX 78701
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$1,525 - $3,220
Total Monthly Price
Base Rent$1,525 - $3,220
Total Monthly PriceVaries
Corazon Apartments - OPL
1000 E 5th StAustin, TX 78702
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$1,535 - $2,500Studio to 3 Bedroom Apartments Available Now
The Weaver
1401 Art Dilly DrAustin, TX 78702
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$1,610 - $5,150Studio to 3 Bedroom Apartments Available Now
SkyHouse Austin
51 Rainey StAustin, TX 78701
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$1,612 - $3,832
Total Monthly Price
Base Rent$1,612 - $3,832
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Railyard
201-301 E 4th St EAustin, TX 78701
1105 E 6th St
AustinTX78702
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$1,758 - $4,737
Total Monthly Price
Base Rent$1,758 - $4,737
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422 at the Lake
422 W Riverside DrAustin, TX 78704
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$1,813 - $3,620
Total Monthly Price
Base Rent$1,813 - $3,620
Total Monthly PriceVaries
Bridge at Eastside
1000-1004 San Marcos StAustin, TX 78702
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,818 - $17,108Studio to 3 Bedroom Apartments Available Now
Alexan Waterloo
700 E 11th StAustin, TX 78701
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$1,883 - $2,1401 to 2 Bedroom Apartments Available Now
Park Terrace Apartments
516 Dawson RdAustin, TX 78704
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$1,901 - $8,280
Total Monthly Price
Base Rent$1,901 - $8,280
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The Waller
1104 Sabine StAustin, TX 78701
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$1,906 - $7,859Studio to 3 Bedroom Apartments Available Now
Water Marq
300 E Riverside DrAustin, TX 78704
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$1,950Studio Apartments Available Now
Furnished Studio-Austin - Downtown - Town Lake
507 S 1st StAustin, TX 78704
800 Embassy Dr
AustinTX78702
301-329 Ave
AustinTX78705
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1 to 2 Bedroom Apartments
Regency North Apartments
601 W 11th StAustin, TX 78701
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1 to 3 Bedroom Apartments
Penthouse
1801 Rio Grande StAustin, TX 78701
1111 W 10th St
AustinTX78703
The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.
1800 Lavaca St
AustinTX78701
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Studio to 2 Bedroom Apartments
Eleven by Windsor
811 E 11th StAustin, TX 78702
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Studio to 2 Bedroom Apartments
The Willows
600 S 1st StAustin, TX 78704
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1 to 2 Bedroom Apartments
South Congress Square
500 S Congress AveAustin, TX 78704
1511 Shoal Creek Blvd
AustinTX78701
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1 Bedroom Apartments
Castleplace Apartments
1112 W 11th StAustin, TX 78703
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1 to 3 Bedroom Apartments
Lorrain
1401 Enfield RdAustin, TX 78703
1202 Newning Ave
AustinTX78704
1800 Lavaca St, Unit A-703
1800 Lavaca St
AustinTX78701
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Studio to 2 Bedroom Apartments
Camden Rainey Street
91 Rainey StAustin, TX 78701
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.
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2 Bedroom Apartments
Colonial Apartments
1212 W 13th StAustin, TX 78703
1908 San Antonio St
AustinTX78705
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Studio to 2 Bedroom Apartments
The Beverly at Medical Center
901 Red River StAustin, TX 78701
2110 Rio Grande St
AustinTX78705
1113 E 3rd St
AustinTX78702
800 Embassy Dr
AustinTX78702
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Studio to 3 Bedroom Apartments
Elle West Ave
300 West AveAustin, TX 78701
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1 Bedroom Apartments
Batts House Apartments
1505 Windsor RdAustin, TX 78703
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Studio to 2 Bedroom Apartments
Avenir
1109 N Interstate 35Austin, TX 78702
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Studio to 3 Bedroom Apartments
Northshore Austin
110 San Antonio StAustin, TX 78701
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Downtown Austin, Austin, TX Local Guide
How much does it cost to rent an apartment in Downtown Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Austin Studio Apartments | $1,899 | $705 | $5,053 |
| Downtown Austin 1 Bedroom Apartments | $2,661 | $1,100 | $9,194 |
| Downtown Austin 2 Bedroom Apartments | $3,592 | $1,192 | $10,000+ |
| Downtown Austin 3 Bedroom Apartments | $8,241 | $1,475 | $10,000+ |
| Downtown Austin 4 Bedroom Apartments | $1,704 | $1,249 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 53 rentals with your search options within a 2 mile radius of the Downtown Austin Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Downtown Austin, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
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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 Regency North Apartments priced from $995. 1400 Rio Grande Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regency North Apartments | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR, 1BA | $995 |
| 1400 Rio Grande Apartments | efficiency | Studio, 1BA | $1,050 |
| The Ladybird Senior Apartments - 55+ | A1.h-60% | 1BR, 1BA | $1,100 |
| Timbercreek Apartments | A1 Affordable | 1BR, 1BA | $1,142 |
| Residences at Saltillo | E1 - SMART | Studio, 1BA | $1,176 |
| Diplomat Apartments | 1BR/1BA Full Unit | 1BR, 1BA | $1,250 |
| Lantana Apartments | 1S | 1BR, 1BA | $1,250 |
| Rio House Apartments | 1 Bedroom - Classic | 1BR, 1BA | $1,250 |
| The Willows | wilA3 | 1BR, 1BA | $1,299 |
| The Shoal | S2 | Studio, 1BA | $1,459 |
Best Value Apartments for Rent in Downtown Austin, TX
As of September 22, 2026 the best value apartment in the Downtown Austin area is the $2.27 price per square foot Republic Model at 404 Rio Grande in the Town Lake neighborhood starting from $3,165. The second greatest value Downtown Austin apartment is the D1 - Trinity Model at Union on San Antonio in the Central East Austin neighborhood starting at $1,495 with a $1.19 price per square foot. Here is today’s list of the best values for Downtown Austin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 404 Rio Grande | Republic | 2BR, 2BA | $2.27 |
| Union on San Antonio | D1 - Trinity | 4BR, 4BA | $1.19 |
| Nueces Flats | #442 | 2BR, 2BA | $1.97 |
| The Ladybird Senior Apartments - 55+ | B1.d-80% | 2BR, 2BA | $1.67 |
| Regency North Apartments | 2 Bedroom/1 Bath - Small (984 sq. ft.) | 2BR, 1BA | $1.52 |
| Colonial Apartments | 2BR/1.0BA | 2BR, 1BA | $2.07 |
| Diplomat Apartments | 1BR/1BA Full Unit | 1BR, 1BA | $2.08 |
| Rio House Apartments | 2 Bedroom - Classic | 2BR, 1BA | $2.25 |
| Timbercreek Apartments | A1 Affordable | 1BR, 1BA | $2.04 |
| Lantana Apartments | 1S | 1BR, 1BA | $2.28 |
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
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 LifestyleDowntown Austin, Austin, TX
Ranked #74
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,459.
What is the price of a cheap apartment in Downtown Austin?
The cheapest apartment in Downtown Austin is Regency North Apartments which is listed at $995, while the average apartment in Downtown Austin costs $2,508.
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 33 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 $630 which is $1,878 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.
Helpful Local Expert Guides
Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.
Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
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I’m Raul, your ApartmentHomeLiving.com local expert for Austin.
The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
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I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.
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.
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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.