1300 Lorrain St
AustinTX78703
Cheap Homes for Rent in Downtown Austin Neighborhood of Austin, TX from $900 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Austin area of Austin.
1905 San Gabriel St
AustinTX78705
1113 E 2nd St
AustinTX78702
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1800 Lavaca St, Unit A-806
1800 Lavaca St
AustinTX78701
1907 Pearl St
AustinTX78705
1303 E Cesar Chavez St
AustinTX78702
201 Academy Dr
AustinTX78704
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.
1006 Willow St
AustinTX78702
810 E 9th St
AustinTX78702
300 W 3rd St
AustinTX78703
54 Rainey St
AustinTX78701
620 S 1st St, Unit 106
620 S 1st St
AustinTX78704
603 Davis St
AustinTX78701
500 E Riverside Dr
AustinTX78704
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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49 Navasota St
AustinTX78702
1202 Newning Ave
AustinTX78704
712 W 21st St
AustinTX78705
1212 Guadalupe St
AustinTX78701
2110 Rio Grande St
AustinTX78705
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.
800 Brazos St
AustinTX78701
807 E 14th St
AustinTX78702
505 W 7th St
AustinTX78701
904 West Ave
AustinTX78701
800 Embassy Dr, Unit 402
800 Embassy Dr
AustinTX78702
1208 Enfield Rd
AustinTX78703
1705 West Ave
AustinTX78701
1800 Lavaca St
AustinTX78701
Navigating 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.
1808 Rio Grande St
AustinTX78701
1812 West Ave
AustinTX78701
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44 East Ave
AustinTX78701
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Downtown Austin, Austin, TX Local Guide
Austin over Town Lake by K.R. is licensed under Internal
How much does it cost to rent a home in Downtown Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Austin 2 Bedroom Homes for Rent | $3,375 | $1,250 | $10,000+ |
| Downtown Austin 3 Bedroom Homes for Rent | $5,177 | $2,990 | $9,000 |
| Downtown Austin 4 Bedroom Homes for Rent | $7,910 | $4,400 | $10,000+ |
| Downtown Austin 5 Bedroom Homes for Rent | $9,250 | $6,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Downtown Austin Neighborhood of Austin, TX.
Explore Austin
Downtown Austin, Austin, TX Local Guide
- Nearby Austin neighborhoods
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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 Studio unit found at 1400 Rio Grande Apartments priced from $1,050. The Willows has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| The Willows | PRELEASE NOW FOR SPRING 2026 wilA3 | 1BR,1BA | $1,199 |
| Lantana Apartments | One-Bedroom One-Bathroom | 1BR,1BA | $1,200 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| Regency - Fabulous landmark Downtown Austin property | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1,295 |
| SoCo on the Lake | 0B | Studio,1BA | $1,306 |
| The Ladybird Senior Apartments - 55+ | A2.c-60% | 1BR,1BA | $1,425 |
| The Weaver | S1 | Studio,1BA | $1,455 |
| Crescent | E2 | Studio,1BA | $1,588 |
Best Value Apartments for Rent in Downtown Austin, TX
As of July 21, 2025 the best value apartment in the Downtown Austin area is the $2.31 price per square foot B5 Model at Windsor on the Lake in the in the Town Lake neighborhood starting from $3,670. The second greatest value Downtown Austin apartment is the C7D Model at AMLI Eastside starting at $3,262 with a $2.38 price per square foot in the Town Lake 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. |
|---|---|---|---|
| Windsor on the Lake | B5 | 2BR,2BA | $2.31 |
| AMLI Eastside | C7D | 2BR,2BA | $2.38 |
| Nueces Flats | #342 | 2BR,2BA | $1.97 |
| Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
| The Ladybird Senior Apartments - 55+ | A1.j-80% | 1BR,1BA | $2.30 |
| Signature 1909 | Frisco C | 2BR,2BA | $1.69 |
| Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
| Regency - Fabulous landmark Downtown Austin property | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1.86 |
| The Beverly at Medical Center | A1 | 1BR,1BA | $2.49 |
| The Willows | PRELEASE NOW FOR SPRING 2026 wilA1 | Studio ,1BA | $2.34 |
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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Frequently Asked Questions about Downtown Austin
What type of rentals are currently available in Downtown Austin?
There are currently 202 Apartments for Rent in Downtown Austin, TX with pricing that ranges from $699 to $29,970. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Austin ranging from $900 to $15,000.
What is the current price range for Rental Homes in Downtown Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Austin ranges from $900 to $15,000 with an average monthly rent of $5,001.
How much are larger Three and Four Bedroom Rentals in Downtown Austin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Austin range from $1,529 to $22,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,990 to $9,000. Four Bedroom Single-Family rentals are also available starting from $4,400 and Four Bedroom Apartments start at $1,010.
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.
The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
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.