Cheap Homes for Rent in Downtown Neighborhood of Austin, TX from $1,000 (23 Rentals)

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

property at 1800 Lavaca St

1800 Lavaca St

AustinTX78701
property at 620 S 1st St

620 S 1st St

AustinTX78704

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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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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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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property at 800 Embassy Dr

800 Embassy Dr

AustinTX78702
Showing Results 1-23, Page 1 of 1

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 2 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 RioB5-SHARED2BR,2BA$959
West Campus FlatsMini StudioStudio,1BA$995
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Talavera LoftsE1-A-50%Studio,1BA$1,098

Best Value Apartments for Rent in Downtown, TX

As of June 20, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Nueces Flats#3422BR,2BA$1.97
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
Villas on RioB22BR,2BA$1.66
The Beverly AustinA31BR,1BA$2.31
Signature 1909Frisco C2BR,2BA$1.69
Rio House Apartments2 Bedroom2BR,1BA$1.87
Eleven by WindsorA21BR,1BA$2.38
Regency - Fabulous landmark Downtown Austin property1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$1.86
Pathways at Chalmers Courts West1/11BR,1BA$1.27
The WillowsPRELEASE NOW FOR FALL 2025 wilA1Studio ,1BA$2.34

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 216 Apartments for Rent in Downtown, TX with pricing that ranges from $975 to $22,360. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,050 to $25,000.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,050 to $25,000 with an average monthly rent of $6,021.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,529 to $22,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $9,250. Four Bedroom Single-Family rentals are also available starting from $4,400 and Four Bedroom Apartments start at $1,010.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.