
Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $600 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Austin.


1108 Nueces St

1906 San Gabriel St

2100 San Gabriel St

515 Shoal Creek Blvd

601 W 11th St

1400 Rio Grande Apartments

1300 E Cesar Chavez St
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Talavera Lofts

Lantana Apartments

Rio House Apartments

206 E 15th St

808 Winflo Dr

SoCo on the Lake
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Railyard

1401 E 4th St

The Shoal

Eleven by Windsor

Furnished Studio-Austin - Downtown - Town

1605 Pease Rd

1600 West Ave
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Residences at Saltillo

908 W 21st St

Park Terrace Apartments

The Waller
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Downtown, Austin, TX Local Guide

How much does it cost to rent an apartment in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Studio Apartments | $1,982 | $950 | $3,299 |
Downtown 1 Bedroom Apartments | $2,839 | $899 | $6,312 |
Downtown 2 Bedroom Apartments | $4,462 | $975 | $10,000+ |
Downtown 3 Bedroom Apartments | $9,136 | $1,610 | $10,000+ |
Downtown 4 Bedroom Apartments | $1,105 | $1,000 | $1,439 |
Browse Apartments in this Neighborhood
There are currently 42 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 4 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 | D5-SHARED | 4BR,4BA | $959 |
West Campus Flats | Mini Studio | Studio,1BA | $995 |
Regency - Fabulous landmark Downtown Austin property | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $995 |
1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
Talavera Lofts | E1-50% | Studio,1BA | $1,098 |
Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
Diplomat Apartments | 1BR/1BA Full Unit | 1BR,1BA | $1,250 |
Lantana Apartments | 2 bedroom 2 bath | 2BR,2BA | $1,350 |
Pathways at Chalmers Courts South | 1A | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Union on San Antonio | D2-A - Magnolia | 4BR,4BA | $0.83 |
Nueces Flats | #342 | 2BR,2BA | $1.97 |
Villas on Rio | D1 | 4BR,4BA | $1.22 |
24 Flats | 24fB1 | 2BR,1BA | $1.45 |
Pathways at Chalmers Courts West | 2/1 | 2BR,1BA | $1.48 |
South Congress Square | B1 | 2BR,1BA | $2.03 |
Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
Regency - Fabulous landmark Downtown Austin property | 1 Bedroom/1 Bath (696 sq. ft.) | 1BR,1BA | $1.43 |
Diplomat Apartments | 1BR/1BA Full Unit | 1BR,1BA | $2.08 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown, Austin, TX
Ranked #41
Among cities in Texas 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 $1,470.
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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.

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.

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.