1907 Robbins Pl
AustinTX78705
Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $700 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Austin.
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from $995Studio Apartments Available Now
West Campus Flats
2102-2106 San Gabriel StAustin, TX 78705
1906 San Gabriel St
AustinTX78705
1600 West Ave
AustinTX78701
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from $1,050Studio to 3 Bedroom Apartments Available Now
1400 Rio Grande Apartments
1400 Rio Grande StAustin, TX 78701
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from $1,098Studio to 3 Bedroom Apartments Available Now
Talavera Lofts
413 Navasota StAustin, TX 78702
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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from $1,170Studio to 2 Bedroom Apartments Available Now
SoCo on the Lake
222 E Riverside DrAustin, TX 78704
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206 E 15th St
AustinTX78701
1108 Nueces St
AustinTX78701
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from $1,254Studio to 2 Bedroom Apartments Available Now
Eleven by Windsor
811 E 11th StAustin, TX 78702
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from $1,3501 Bedroom Apartments Available Aug 15
Diplomat Apartments
1911 San Gabriel StAustin, TX 78705
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from $1,3991 to 2 Bedroom Apartments Available Now
Park Terrace Apartments
516 Dawson RdAustin, TX 78704
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from $1,439Studio to 2 Bedroom Apartments Available Now
Corazon
1000 E 5th StAustin, TX 78702
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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1401 E 4th St
AustinTX78702
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from $1,484Studio to 2 Bedroom Apartments Available Now
The Shoal
827 W 12th StAustin, TX 78701
2100 San Gabriel St
AustinTX78705
1605 Pease Rd
AustinTX78703
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from $1,675Studio to 2 Bedroom Apartments Available Now
422 at the Lake
422 W Riverside DrAustin, TX 78704
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from $1,690Studio to 3 Bedroom Apartments Available Now
SkyHouse Austin
51 Rainey StAustin, TX 78701
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from $1,827Studio Apartment Available Now
1309 Sabine St, Unit T-11-1611
1309 Sabine StAustin, TX 78701
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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from $1,8501 to 2 Bedroom Apartments Available Jul 13
The Tuscany Apartments
1512 W 13th StAustin, TX 78703
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from $1,8521 to 2 Bedroom Apartments Available Now
AMLI Eastside
1000-1004 San Marcos StAustin, TX 78702
1812 West Ave
AustinTX78701
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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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1 Bedroom Apartments
Regency - Fabulous landmark Downtown Austin property
601 W 11th StAustin, TX 78701
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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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Showing Results 1-47, Page 1 of 1
Downtown, Austin, TX Local Guide
Austin over Town Lake by K.R. is licensed under Internal
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $2,133 | $995 | $6,890 |
| Downtown 1 Bedroom Apartments | $3,085 | $975 | $10,000+ |
| Downtown 2 Bedroom Apartments | $4,670 | $1,299 | $10,000+ |
| Downtown 3 Bedroom Apartments | $7,721 | $1,529 | $10,000+ |
| Downtown 4 Bedroom Apartments | $1,351 | $1,010 | $1,675 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Downtown, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $875. Villas on Rio has the second lowest priced unit, which is a 2 Beds apartment currently listed from $959. Here are the most affordable Downtown apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $875 |
| Villas on Rio | B5-SHARED | 2BR,2BA | $959 |
| West Campus Flats | Mini Studio | Studio,1BA | $995 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| Talavera Lofts | E1-A-50% | Studio,1BA | $1,098 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,102 |
| SoCo on the Lake | 0B | Studio,1BA | $1,174 |
| The Willows | PRELEASE NOW FOR FALL 2025 wilA1 | Studio,1BA | $1,199 |
| Lantana Apartments | One-Bedroom One-Bathroom | 1BR,1BA | $1,200 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Downtown, TX
As of June 19, 2025 the best value apartment in the Downtown 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 apartment is the Two-Bedroom Two-Bathroom Model at Lantana Apartments starting at $1,800 with a $2.06 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Nueces Flats | #342 | 2BR,2BA | $1.97 |
| Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
| Villas on Rio | B2 | 2BR,2BA | $1.66 |
| The Beverly Austin | A3 | 1BR,1BA | $2.31 |
| Signature 1909 | Frisco C | 2BR,2BA | $1.69 |
| Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
| Eleven by Windsor | A2 | 1BR,1BA | $2.38 |
| Regency - Fabulous landmark Downtown Austin property | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1.86 |
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $1.27 |
| The Willows | PRELEASE NOW FOR FALL 2025 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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Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Austin, TX
Ranked #43
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,200.
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 $5,592.
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 49 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 $787 which is $4,805 cheaper than the average rent for all rentals in Downtown.
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.