
Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $700 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Austin.


1906 San Gabriel St

Room in Condo on Lavaca St

2110 Rio Grande

1400 Rio Grande Apartments

West Campus Flats

Residences at Saltillo

Rio House Apartments

1607 Palma Plaza

SoCo on the Lake
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Timbercreek Apartments

Lantana Apartments

Diplomat Apartments

306 E 4th St

The Shoal

1105 E 6th St

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Corazon

1908 San Antonio St

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301 E 4th St, Unit SI FL3-ID341
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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Railyard

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Bridge at Eastside

Placemakr Downtown Austin

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422 at the Lake

Cole Apartments

The Tuscany Apartments

Alexan Waterloo

SkyHouse Austin

800 Brazos St, Unit 710

Park Terrace Apartments
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 Waller

The Bowie

800 Embassy Dr

Sienna at the Thompson

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1309 Sabine St

Furnished Studio-Austin - Downtown - Town Lake

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201 E 4th St, Unit SI FL2-ID339

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Seven

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Gables Republic Square

Pathways at Chalmers Courts West
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.

Penthouse

1111 W 10th St

Eden Roc

Winflo

Eleven by Windsor

The Willows

1800 Lavaca St

Enfield Place

Lorrain

Park Place
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.
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 | $1,821 | $995 | $3,040 |
| Downtown 1 Bedroom Apartments | $2,736 | $950 | $10,000+ |
| Downtown 2 Bedroom Apartments | $3,723 | $989 | $10,000+ |
| Downtown 3 Bedroom Apartments | $7,157 | $989 | $10,000+ |
| Downtown 4 Bedroom Apartments | $1,423 | $915 | $1,690 |
Browse Apartments in this Neighborhood
There are currently 74 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 $914. Villas on Rio has the second lowest priced unit, which is a 2 Beds apartment currently listed from $989. 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 | $914 |
| Villas on Rio | B2A-SHARED | 2BR,2BA | $989 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,176 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| Timbercreek Apartments | E1 | Studio,1BA | $1,205 |
| Lantana Apartments | 1S | 1BR,1BA | $1,250 |
| The Willows | wilA2 | 1BR,1BA | $1,299 |
| Talavera Lofts | E1-60% | Studio,1BA | $1,337 |
| Regency North Apartments | 2 Bedroom/1 Bath - Small (984 sq. ft.) | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Downtown, TX
As of July 11, 2026 the best value apartment in the Downtown area is the $0.82 price per square foot Boulder B Model at Signature 1909 in the in the Central East Austin neighborhood starting from $1,100. The second greatest value Downtown apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,505 with a $1.19 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. |
|---|---|---|---|
| Signature 1909 | Boulder B | 4BR,4BA | $0.82 |
| Union on San Antonio | D1 - Trinity | 4BR,4BA | $1.19 |
| Nueces Flats | #442 | 2BR,2BA | $1.97 |
| Pathways at Chalmers Courts South | 2A | 2BR,2BA | $1.74 |
| The Tuscany Apartments | F | 2BR,2BA | $2.18 |
| Regency North Apartments | 2 Bedroom/1 Bath - Small (984 sq. ft.) | 2BR,1BA | $1.52 |
| 21 Pearl | 3 Bed x 2 Bath | 3BR,2BA | $0.97 |
| Villas on Rio | B2A-SHARED | 2BR,2BA | $1.18 |
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $1.33 |
| Rio House Apartments | 2 Bedroom - Classic Model | 2BR,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.
Read ArticleDon'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.
Read ArticleLocal 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown, Austin, TX
Ranked #74
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 Lantana Apartments and starts from $2,000.
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

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

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.

Beyond "Keep Austin Weird": Your Insider's 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.

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
