
Cheap Homes for Rent in Downtown Austin Neighborhood of Austin, TX from $1,000 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Austin area of Austin.


2110 Rio Grande St

1905 San Gabriel St

502 W 17th St

1202 Newning Ave

201 Academy Dr

1800 Lavaca St
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.

Furnished Studio-Austin - Downtown - Town Lake

506 W 7th St

205 Attayac St

1908 San Antonio St

810 E 9th St

1005 W Martin Luther King Jr Blvd
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.

802 S 1st St

1401 Art Dilly Dr.

1212 Guadalupe St

300 W 3rd St

54 Rainey St

603 Davis St

1005 Willow St
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.

1210 Windsor Rd

712 W 21st St

702 E 11th St

112 San Antonio St

500 E Riverside Dr

302 N Lamar Blvd
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.

1208 Enfield Rd

1801 Nueces St

800 Embassy Dr, Unit 523
Downtown Austin, Austin, TX Local Guide

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 | $4,221 | $1,750 | $10,000+ |
| Downtown Austin 3 Bedroom Homes for Rent | $6,356 | $1,595 | $10,000+ |
| Downtown Austin 4 Bedroom Homes for Rent | $5,625 | $2,000 | $10,000+ |
| Downtown Austin 6 Bedroom Homes for Rent | $8,495 | $8,495 | $8,495 |
Browse Homes for Rent in this Neighborhood
There are currently 31 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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- 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Timbercreek Apartments | A5 Affordable | 1BR,1BA | $657 |
| The Rebekah | T! | Studio,1BA | $702 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| Fabulous landmark Downtown Austin property! Great downtown neighborhood! | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1,125 |
| Placemakr Downtown Austin | S4 | Studio,1BA | $1,156 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,171 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| Crescent | E1 | Studio,1BA | $1,297 |
| SoCo on the Lake | 1A | 1BR,1BA | $1,345 |
| Lantana Apartments | 2 bedroom 2 bath | 2BR,2BA | $1,350 |
Best Value Apartments for Rent in Downtown Austin, TX
As of December 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Muse at SoCo | C1 | 3BR,2BA | $2.22 |
| Union on San Antonio | D1 - Trinity | 4BR,4BA | $1.16 |
| Nueces Flats | #342 | 2BR,2BA | $1.97 |
| Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
| The Beverly at Medical Center | A3 | 1BR,1BA | $1.99 |
| Signature 1909 | Frisco C | 2BR,2BA | $1.96 |
| Rio House Apartments | 2 Bedroom | 2BR,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 Rebekah | T! | 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.
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.
Pet Friendly LifestyleDowntown Austin, Austin, TX
Ranked #36
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Austin
What type of rentals are currently available in Downtown Austin?
There are currently 207 Apartments for Rent in Downtown Austin, TX with pricing that ranges from $702 to $22,510. There are also 176 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Austin ranging from $1,000 to $25,000.
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 $1,000 to $25,000 with an average monthly rent of $6,711.
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 $1,510 to $22,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $25,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $900.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

