Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $600 (42 Rentals)

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

property at 1212 W 13th St

1212 W 13th St

AustinTX78703

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.

property at 808 Winflo Dr

808 Winflo Dr

AustinTX78703

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.

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.

property at 908 W 21st St

908 W 21st St

AustinTX78705
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West Campus Flats
Studio Apartments

West Campus Flats

2102-2106 San Gabriel StAustin, TX 78705
  • Utilities Included
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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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24 Flats
Studio to 2 Bedroom Apartments

24 Flats

1515 Palma PlzAustin, 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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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
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808 Winflo Dr
Studio Apartments

808 Winflo Dr

808 Winflo DrAustin, TX 78703
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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

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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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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Avenir
Studio to 2 Bedroom Apartments

Avenir

1109 N Interstate 35Austin, TX 78702

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 $875. Villas on Rio has the second lowest priced unit, which is a 4 Beds apartment currently listed from $959. Here are the most affordable Downtown apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Pathways at Chalmers Courts West1/11BR,1BA$875
Villas on RioD5-SHARED4BR,4BA$959
West Campus FlatsMini StudioStudio,1BA$995
Regency - Fabulous landmark Downtown Austin property1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$995
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Talavera LoftsE1-50%Studio,1BA$1,098
Rio House Apartments1 Bedroom1BR,1BA$1,200
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$1,250
Lantana Apartments2 bedroom 2 bath2BR,2BA$1,350
Pathways at Chalmers Courts South1A1BR,1BA$1,470

Best Value Apartments for Rent in Downtown, TX

As of September 05, 2025 the best value apartment in the Downtown area is the $0.83 price per square foot D2-A - Magnolia Model at Union on San Antonio in the in the Central East Austin neighborhood starting from $1,050. The second greatest value Downtown apartment is the #342 Model at Nueces Flats starting at $2,450 with a $1.97 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.
Union on San AntonioD2-A - Magnolia4BR,4BA$0.83
Nueces Flats#3422BR,2BA$1.97
Villas on RioD14BR,4BA$1.22
24 Flats24fB12BR,1BA$1.45
Pathways at Chalmers Courts West2/12BR,1BA$1.48
South Congress SquareB12BR,1BA$2.03
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
Rio House Apartments2 Bedroom2BR,1BA$1.87
Regency - Fabulous landmark Downtown Austin property1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1.43
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$2.08

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Austin, TX

Ranked #41

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 $1,470.

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 $13,141.

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 $1,105 which is $12,036 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.

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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.