Cheap Homes for Rent in Downtown Neighborhood of Austin, TX from $1,000 (17 Rentals)

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

Don'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.

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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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property at 1800 Lavaca St

1800 Lavaca St

AustinTX78701
property at 1200 E 11th St

1200 E 11th St

AustinTX78702
property at 711 W 21st St

711 W 21st St

AustinTX78705

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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Showing Results 1-17, 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 2 Beds unit found at Villas on Rio priced from $690. West Campus Flats has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Downtown apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Villas on RioB2A-SHARED2BR,2BA$690
West Campus FlatsMini StudioStudio,1BA$995
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Talavera LoftsE1-50%Studio,1BA$1,098
Rio House Apartments1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Downtown, TX

As of September 20, 2025 the best value apartment in the Downtown area is the $0.83 price per square foot D1 - Trinity 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 AntonioD1 - Trinity4BR,4BA$0.83
Nueces Flats#3422BR,2BA$1.97
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
Villas on RioB2A-SHARED2BR,2BA$0.82
SoCo on the Lake1E1BR,1BA$2.19
Rio House Apartments2 Bedroom2BR,1BA$1.87
South Congress SquareA11BR,1BA$2.26
Signature 1909Frisco A2BR,2BA$2.15
Diplomat Apartments1BR/1BA Full Unit1BR,1BA$2.08
Talavera LoftsE1-50%Studio ,1BA$2.00

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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Pet Friendly Lifestyle
Downtown, Austin, TX

Ranked #45

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 Downtown

What type of rentals are currently available in Downtown?

There are currently 229 Apartments for Rent in Downtown, TX with pricing that ranges from $900 to $22,510. There are also 138 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,000 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 $1,000 to $25,000 with an average monthly rent of $5,228.

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 $1,895 to $22,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $25,000. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $900.

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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.