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$702 - $990Studio to 1 Bedroom Apartments Available Now
The Rebekah
1320 Art Dilly DrAustin, TX 78702
Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $700 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Austin area of Austin.
1108 Nueces St
AustinTX78701
1902 Nueces St
AustinTX78705
902 1/2 S 2nd St
AustinTX78704
515 Shoal Creek Blvd
AustinTX78757
1907 Robbins Pl
AustinTX78705
1600 West Ave
AustinTX78701
601 W 11th St
AustinTX78701
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$1,050 - $2,100Studio to 3 Bedroom Apartments Available Now
1400 Rio Grande Apartments
1400 Rio Grande StAustin, TX 78701
1906 San Gabriel St
AustinTX78705
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.
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Rent Specials
$1,100 - $1,900
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,060 - $1,860
Required Monthly Fees
$40
Total Monthly Price
$1,100 - $1,900
The Lady Bird
1320 Art Dilly DrAustin, TX 78702
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$1,128 - $3,161Studio to 2 Bedroom Apartments Available Now
Placemakr Downtown Austin
710 E 3rd StAustin, TX 78701
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$1,171 - $6,788
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $6,742
Required Monthly Fees
$46
Total Monthly Price
$1,171 - $6,788
Residences at Saltillo
1211 E 5th StAustin, TX 78702
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$1,200 - $1,8001 to 2 Bedroom Apartments Available Soon
Rio House Apartments
606 W 17th StAustin, TX 78701
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$1,200 - $1,8251 to 2 Bedroom Apartments Available Now
Lantana Apartments
1802 West AveAustin, TX 78701
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Rent Specials
$1,202 - $3,915
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,178 - $3,891
Required Monthly Fees
$24
Total Monthly Price
$1,202 - $3,915
SoCo on the Lake
222 E Riverside DrAustin, TX 78704
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$1,295 - $2,150Studio to 3 Bedroom Apartments Available Now
The Weaver
1401 Art Dilly DrAustin, TX 78702
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$1,307 - $3,136
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $2,974
Required Monthly Fees
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Corazon
1000 E 5th StAustin, TX 78702
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$1,350 - $1,7501 to 2 Bedroom Apartments Available Aug 14
Diplomat Apartments
1911 San Gabriel StAustin, TX 78705
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$1,383 - $5,584Studio to 2 Bedroom Apartments Available Now
The Shoal
827 W 12th StAustin, TX 78701
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.
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$1,499Studio Apartments Available Now
Furnished Studio-Austin - Downtown - Town Lake
507 S 1st StAustin, TX 78704
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$1,5401 Bedroom Apartments Available Dec 13
301 E 4th St
301 E 4th StAustin, TX 78701
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$1,548 - $10,637Studio to 3 Bedroom Apartments Available Now
The Bowie
311 Bowie StAustin, TX 78703
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$1,607 - $3,507
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,495 - $3,395
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Varies
Railyard
201-301 E 4th St EAustin, TX 78701
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$1,642 - $17,999
Total Monthly Price
Studio to 3 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,097 - $17,454
Required Monthly Fees
$545
Total Monthly Price
$1,642 - $17,999
Alexan Waterloo
700 E 11th StAustin, TX 78701
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$1,659 - $5,053Studio to 2 Bedroom Apartments Available Now
Crescent
127 E Riverside DrAustin, TX 78704
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$1,699 - $2,2491 to 2 Bedroom Apartments Available Now
Park Terrace Apartments
516 Dawson RdAustin, TX 78704
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$1,706 - $5,108
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,706 - $5,108
Total Monthly Price
Varies
AMLI Eastside
1000-1004 San Marcos StAustin, TX 78702
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$1,769 - $4,569Studio to 3 Bedroom Apartment Available Now
1309 Sabine St
1309 Sabine StAustin, TX 78701
1105 E 6th St
AustinTX78702
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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Rent Specials
$1,860 - $5,175
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,815 - $5,130
Required Monthly Fees
$45
Total Monthly Price
$1,860 - $5,175
SkyHouse Austin
51 Rainey StAustin, TX 78701
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$1,872 - $7,859
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,823 - $7,810
Required Monthly Fees
$49
Total Monthly Price
$1,872 - $7,859
Water Marq
300 E Riverside DrAustin, TX 78704
1115 Enfield Rd
AustinTX78703
800 San Antonio St
AustinTX78701
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$1,9101 Bedroom Apartments Available Jul 2, 2029
1401 Art Dilly Dr.
1401 Art Dilly Dr.Austin, TX 78702
1603 Shoal Creek Blvd
AustinTX78701
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Rent Specials
$1,952 - $4,649
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,912 - $4,609
Required Monthly Fees
$40
Total Monthly Price
$1,952 - $4,649
404 Rio Grande
404 Rio Grande StAustin, TX 78701
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$1,9701 Bedroom Apartments Available Jul 2, 2029
1401 Art Dilly Dr.
1401 Art Dilly Dr.Austin, TX 78702
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$1,982 - $4,728Studio to 3 Bedroom Apartment Available Now
701 E 11th St
701 E 11th StAustin, TX 78701
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$1,984 - $4,766
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,969 - $4,751
Required Monthly Fees
$15
Total Monthly Price
$1,984 - $4,766
Sienna at the Thompson
501 Brazos StAustin, TX 78701
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.
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1 to 2 Bedroom Apartments
Regency North Apartments
601 W 11th StAustin, TX 78701
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Studio to 2 Bedroom Apartments
Eleven by Windsor
811 E 11th StAustin, TX 78702
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1 to 3 Bedroom Apartments
Penthouse
1801 Rio Grande StAustin, TX 78701
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1 to 2 Bedroom Apartments
South Congress Square
500 S Congress AveAustin, TX 78704
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Studio to 4 Bedroom Apartments
Timbercreek Apartments
614 S 1st StAustin, TX 78704
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Studio to 2 Bedroom Apartments
The Willows
600 S 1st StAustin, TX 78704
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Studio to 3 Bedroom Apartments
The Quincy
91 Red River StAustin, TX 78701
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1 to 3 Bedroom Apartments
Lorrain
1401 Enfield RdAustin, TX 78703
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Studio to 2 Bedroom Apartments
Camden Rainey Street
91 Rainey StAustin, TX 78701
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Studio to 3 Bedroom Apartments
Elle West Ave
300 West AveAustin, TX 78701
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.
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 | $1,931 | $702 | $5,053 |
| Downtown Austin 1 Bedroom Apartments | $2,857 | $950 | $10,000+ |
| Downtown Austin 2 Bedroom Apartments | $4,416 | $1,353 | $10,000+ |
| Downtown Austin 3 Bedroom Apartments | $8,285 | $1,545 | $10,000+ |
| Downtown Austin 4 Bedroom Apartments | $1,463 | $900 | $1,690 |
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 57 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
- ZIP codes
- Local Counties
- School Districts
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 $702. Regency North Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,039. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Rebekah | T1- 30% | Studio,1BA | $702 |
| Regency North Apartments | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1,039 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| Eleven by Windsor | S1 | Studio,1BA | $1,079 |
| The Lady Bird | A2.c-60% | 1BR,1BA | $1,100 |
| Placemakr Downtown Austin | S1 | Studio,1BA | $1,128 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,171 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| South Congress Square | A1 | 1BR,1BA | $1,226 |
| Timbercreek Apartments | A2 Affordable | 1BR,1BA | $1,265 |
Best Value Apartments for Rent in Downtown Austin, TX
As of March 24, 2026 the best value apartment in the Downtown Austin area is the $1.17 price per square foot D1 - Trinity Model at Union on San Antonio in the in the Central East Austin neighborhood starting from $1,480. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Union on San Antonio | D1 - Trinity | 4BR,4BA | $1.17 |
| Nueces Flats | #342 | 2BR,2BA | $1.97 |
| The Lady Bird | B1.d-80% | 2BR,2BA | $1.67 |
| Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
| The Willows | wilB1 | 2BR,1BA | $1.75 |
| Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
| South Congress Square | A1 | 1BR,1BA | $1.72 |
| Regency North Apartments | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1.49 |
| The Rebekah | T3- 50% | 1BR,1BA | $1.70 |
| Timbercreek Apartments | A2 Affordable | 1BR,1BA | $2.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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Pet Friendly LifestyleDowntown Austin, Austin, TX
Ranked #43
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,265.
What is the price of a cheap apartment in Downtown Austin?
The cheapest apartment in Downtown Austin is The Rebekah which is listed at $990, while the average apartment in Downtown Austin costs $8,050.
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 $942 which is $7,108 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
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.