Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $763 (62 Rentals)

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

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Timbercreek Apartments
Rent Specials
$1,052 - $3,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,052 - $3,997
Total Monthly Price
$1,052 - $3,997
Studio to 4 Bedroom Apartments Available Now

Timbercreek Apartments

614 S 1st StAustin, TX 78704
Affordability
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Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

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Corazon
Rent Specials
$1,500 - $2,717
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,717
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Corazon

1000 E 5th StAustin, TX 78702
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Railyard
Rent Specials
$1,632 - $3,632
Total Monthly Price

Total Monthly Price

Base Rent
$1,632 - $3,632
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Railyard

201-301 E 4th St EAustin, TX 78701
Transit Friendly
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property at 301 E 4th St

$1,640 - $13,316

Total Monthly Price

Total Monthly Price

Base Rent
$1,640
Total Monthly Price
$1,640

1 To 4 Bedroom Rentals

Available Nov 9

301 E 4th St

AustinTX78701
property at 1501 W 9th St

$1,725 - $1,900

1 Bedroom Rentals

Available Now

1501 W 9th St

AustinTX78703

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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422 at the Lake
Rent Specials
$1,772 - $4,598
Total Monthly Price

Total Monthly Price

Base Rent
$1,772 - $4,598
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

422 at the Lake

422 W Riverside DrAustin, TX 78704
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The Waller
Rent Specials
$1,901 - $8,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,901 - $8,280
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Waller

1104 Sabine StAustin, TX 78701
Affordability
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Bridge at Eastside
Rent Specials
$1,925 - $4,298
Total Monthly Price

Total Monthly Price

Base Rent
$1,925 - $4,298
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Bridge at Eastside

1000-1004 San Marcos StAustin, TX 78702
Family Friendly
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Penthouse
1 to 3 Bedroom Apartments

Penthouse

1801 Rio Grande StAustin, TX 78701

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

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24 Flats
Studio to 2 Bedroom Apartments

24 Flats

1515 Palma PlzAustin, TX 78703
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Winflo
Studio Apartments

Winflo

808 Winflo DrAustin, TX 78703
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Eden Roc
1 to 2 Bedroom Apartments

Eden Roc

1204 Elm StAustin, TX 78703
  • Utilities Included
property at 1800 Lavaca St

$1,050 - $1,650

1 To 2 Bedroom Rentals

Available Now

1800 Lavaca St

AustinTX78701
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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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Eleven by Windsor
Studio to 2 Bedroom Apartments

Eleven by Windsor

811 E 11th StAustin, TX 78702

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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Park Place
1 to 2 Bedroom Apartments

Park Place

1301 W 9th StAustin, TX 78703
property at 1105 E 3rd St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

Studio, 1 Bath Home for Rent

Available Now

1105 E 3rd St

AustinTX78702
property at 1800 Lavaca St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

1800 Lavaca St, Unit A-703

1800 Lavaca St
AustinTX78701
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XThe Chateau
Studio to 1 Bedroom Apartments

XThe Chateau

1211 W 8th StAustin, TX 78703
  • Utilities Included
property at 1010 Willow St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

1010 Willow St, Unit B

1010 Willow St
AustinTX78702

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1 Bed unit found at Pathways at Chalmers Courts West priced from $914. Villas on Rio has the second lowest priced unit, which is a 3 Beds apartment currently listed from $939. Here are the most affordable Downtown apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Pathways at Chalmers Courts West1/11BR,1BA$914
Villas on RioC3-SHARED3BR,3BA$939
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Timbercreek ApartmentsE1 AffordableStudio,1BA$1,052
West Campus FlatsStudioStudio,1BA$1,150
Residences at SaltilloE1 - SMARTStudio,1BA$1,176
Rio House Apartments1 Bedroom1BR,1BA$1,200
Lantana Apartments1S1BR,1BA$1,250
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$1,250
The WillowswilA21BR,1BA$1,299

Best Value Apartments for Rent in Downtown, TX

As of August 26, 2026 the best value apartment in the Downtown area is the $2.27 price per square foot Republic Model at 404 Rio Grande in the in the Town Lake neighborhood starting from $3,165. The second greatest value Downtown apartment is the D2-A - Magnolia Model at Union on San Antonio starting at $1,511 with a $1.20 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.
404 Rio GrandeRepublic2BR,2BA$2.27
Union on San AntonioD2-A - Magnolia4BR,4BA$1.20
Nueces Flats#4422BR,2BA$1.97
24 Flats24fB12BR,1BA$1.61
Pathways at Chalmers Courts West2/12BR,1BA$1.92
Regency North Apartments2 Bedroom/1 Bath - Small (984 sq. ft.)2BR,1BA$1.52
The Beverly at Medical CenterA71BR,1.5BA$2.01
Villas on RioB4-SHARED2BR,2BA$1.17
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$2.08
Rio House Apartments2 Bedroom - Classic Model2BR,1BA$2.25

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #71

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

Currently the most affordable Cheap Studio Apartment in Downtown is at 1400 Rio Grande Apartments listed at $1,050.

How much is rent for a Cheap One Bedroom Downtown Apartment?

The lowest price for a Cheap One Bedroom Downtown Apartment is $914 at Pathways at Chalmers Courts West.

What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $989 at Villas on Rio.

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown Three Bedroom Apartment rental is at Villas on Rio and starts from $939.

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.

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