Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $600 (46 Rentals)

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

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.

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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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Elle West Ave
Studio to 3 Bedroom Apartments

Elle West Ave

300 West AveAustin, TX 78701
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The Quincy
Studio to 3 Bedroom Apartments

The Quincy

91 Red River StAustin, 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

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.

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Avenir
Studio to 2 Bedroom Apartments

Avenir

1109 N Interstate 35Austin, TX 78702
Showing Results 1-46, 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 Studio unit found at The Rebekah priced from $699. 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 ListingModel NameBed/BathPriced From
The RebekahStudioStudio,1BA$699
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Placemakr Downtown AustinS2Studio,1BA$1,124
Rio House Apartments1 Bedroom1BR,1BA$1,200
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$1,250
CrescentA21BR,1BA$1,334
Lantana Apartments2 bedroom 2 bath2BR,2BA$1,350
The Ladybird Senior Apartments - 55+A2.c-60%1BR,1BA$1,425
The ShoalS2Studio,1BA$1,527

Best Value Apartments for Rent in Downtown Austin, TX

As of September 23, 2025 the best value apartment in the Downtown Austin area is the $0.83 price per square foot D1 - Trinity Model at Union on San Antonio in the in the Central East Austin neighborhood starting from $1,050. The second greatest value Downtown Austin apartment is the #342 Model at Nueces Flats starting at $2,450 with a $1.97 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.
Union on San AntonioD1 - Trinity4BR,4BA$0.83
Nueces Flats#3422BR,2BA$1.97
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
The Ladybird Senior Apartments - 55+A1.j-80%1BR,1BA$2.30
SoCo on the Lake1E1BR,1BA$2.16
Rio House Apartments2 Bedroom2BR,1BA$1.87
South Congress SquareA11BR,1BA$2.26
Signature 1909Frisco A2BR,2BA$2.15
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$2.08
The RebekahStudioStudio ,1BA$1.75

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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 $1,527.

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

The cheapest apartment in Downtown Austin is The Rebekah which is listed at $753, while the average apartment in Downtown Austin costs $12,677.

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 36 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 $535 which is $12,142 cheaper than the average rent for all rentals in Downtown Austin.

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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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.

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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.