Cheap Homes for Rent in Downtown Austin Neighborhood of Austin, TX from $1,100 (25 Rentals)

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

property at 1113 E 2nd St

1113 E 2nd St

AustinTX78702

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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property at 1800 Lavaca St

1800 Lavaca St

AustinTX78701
property at 201 Academy Dr

201 Academy Dr

AustinTX78704

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.

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property at 810 E 9th St

810 E 9th St

AustinTX78702
property at 54 Rainey St

54 Rainey St

AustinTX78701
property at 300 W 3rd St

300 W 3rd St

AustinTX78703

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.

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property at 603 Davis St

603 Davis St

AustinTX78701

Austin's Best Affordable Neighborhoods

Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

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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 1400 Rio Grande Apartments priced from $1,050. The Ladybird Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,174. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
The Ladybird Senior ApartmentsA2.b-50%1BR,1BA$1,174
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA31BR,1BA$1,199
Rio House Apartments1 Bedroom1BR,1BA$1,200
SoCo on the Lake1A1BR,1BA$1,322

Best Value Apartments for Rent in Downtown Austin, TX

As of June 01, 2025 the best value apartment in the Downtown Austin area is the $1.97 price per square foot #342 Model at Nueces Flats in the in the Central East Austin neighborhood starting from $2,450. The second greatest value Downtown Austin apartment is the 2 Bedroom/1 Bath - Large (1044 sq. ft.) Model at Regency - Fabulous landmark Downtown Austin property starting at $1,575 with a $1.51 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.
Nueces Flats#3422BR,2BA$1.97
Regency - Fabulous landmark Downtown Austin property2 Bedroom/1 Bath - Large (1044 sq. ft.)2BR,1BA$1.51
Eleven by WindsorA41BR,1BA$2.24
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
The Ladybird Senior ApartmentsA1.j-80%1BR,1BA$2.30
Signature 1909Frisco C2BR,2BA$1.69
Rio House Apartments2 Bedroom2BR,1BA$1.87
AMLI EastsideA31BR,1BA$2.57
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57
1400 Rio Grande ApartmentsefficiencyStudio ,1BA$2.49

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 209 Apartments for Rent in Downtown Austin, TX with pricing that ranges from $699 to $22,360. There are also 108 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Austin ranging from $1,150 to $18,000.

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 $1,150 to $18,000 with an average monthly rent of $4,126.

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 $2,350 to $9,750. Four Bedroom Single-Family rentals are also available starting from $2,995 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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.