Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $600 (52 Rentals)

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

property at 703 W 11th St

703 W 11th St

AustinTX78701
property at 601 W 11th St

601 W 11th St

AustinTX78701

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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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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property at 908 W 21st St

908 W 21st St

AustinTX78705

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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24 Flats
Studio to 2 Bedroom Apartments

24 Flats

1515 Palma PlzAustin, TX 78703
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601 W 11th St
1 to 2 Bedroom Apartments

601 W 11th St

601 W 11th StAustin, TX 78701
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Penthouse
1 to 3 Bedroom Apartments

Penthouse

1801 Rio Grande StAustin, TX 78701
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Eden Roc
1 to 2 Bedroom Apartments

Eden Roc

1204 Elm StAustin, TX 78703
  • Utilities Included
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Winflo
Studio Apartments

Winflo

808 Winflo DrAustin, TX 78703

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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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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Enfield Place
1 to 2 Bedroom Apartments

Enfield Place

1610 Enfield RdAustin, TX 78703
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Lorrain
1 to 3 Bedroom Apartments

Lorrain

1401 Enfield RdAustin, TX 78703
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Park Place
1 to 2 Bedroom Apartments

Park Place

1301 W 9th StAustin, TX 78703
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XThe Chateau
Studio to 1 Bedroom Apartments

XThe Chateau

1211 W 8th StAustin, 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

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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Showing Results 1-50, Page 1 of 2

Downtown, Austin, TX Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Austin, TX is a Studio unit found at Talavera Lofts priced from $800. Pathways at Chalmers Courts West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Downtown apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Talavera LoftsE1-60%Studio,1BA$800
Pathways at Chalmers Courts West1/11BR,1BA$875
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Villas on RioD5TH-SHARED4BR,4BA$1,099
Timbercreek ApartmentsA5 Affordable1BR,1BA$1,119
Fabulous landmark Downtown Austin property! Great downtown neighborhood!1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1,125
Residences at SaltilloE2 - SMARTStudio,1BA$1,171
Placemakr Downtown AustinS4Studio,1BA$1,184
Rio House Apartments1 Bedroom1BR,1BA$1,200
The ShoalS2Studio,1BA$1,273

Best Value Apartments for Rent in Downtown, TX

As of December 15, 2025 the best value apartment in the Downtown area is the $0.50 price per square foot D5TH-SHARED Model at Villas on Rio in the in the Central East Austin neighborhood starting from $1,099. The second greatest value Downtown 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas on RioD5TH-SHARED4BR,4BA$0.50
Union on San AntonioD1 - Trinity4BR,4BA$1.16
Nueces Flats#3422BR,2BA$1.97
21 Pearl2 Bed x 1 Bath2BR,1BA$1.47
The Beverly at Medical CenterA31BR,1BA$1.95
Signature 1909Frisco C2BR,2BA$1.96
Rio House Apartments2 Bedroom2BR,1BA$1.87
Fabulous landmark Downtown Austin property! Great downtown neighborhood!1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1.62
Pathways at Chalmers Courts West1/11BR,1BA$1.27
Talavera LoftsE1-50%Studio ,1BA$1.45

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.

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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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The 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.

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Local 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

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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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Pet Friendly Lifestyle
Downtown, Austin, TX

Ranked #45

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,273.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Pathways at Chalmers Courts West which is listed at $875, while the average apartment in Downtown costs $6,125.

What types of apartments are the cheapest in Downtown?

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 24 regular apartments in Downtown 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?

Cheap apartments in Downtown have an average cost of $571 which is $5,554 cheaper than the average rent for all rentals in Downtown.

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

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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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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.

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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.

decorative image for Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers article

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

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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.

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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.

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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.