1111 W 10th St
AustinTX78703
Cheap Homes for Rent in the Downtown Neighborhood of Austin, TX from $1,150 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Austin.
1908 San Antonio St
AustinTX78705
1800 Lavaca St
AustinTX78701
620 S 1st St
AustinTX78704
1010 Willow St, Unit B
1010 Willow St
AustinTX78702
1800 Lavaca St, Unit A-703
1800 Lavaca St
AustinTX78701
1212 Guadalupe St
AustinTX78701
Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.
1910 Robbins Pl
AustinTX78705
1906 Robbins Pl
AustinTX78705
1113 E 3rd St
AustinTX78702
1603 Enfield Rd, Unit 301
1603 Enfield Rd
AustinTX78703
800 Embassy Dr
AustinTX78702
800 Embassy Dr
AustinTX78702
1013 E 10th St
AustinTX78702
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-14, Page 1 of 1
Downtown, Austin, TX Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $3,901 | $1,250 | $9,500 |
| Downtown 3 Bedroom Homes for Rent | $4,816 | $1,700 | $10,000+ |
| Downtown 4 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
| Downtown 5 Bedroom Homes for Rent | $10,166 | $4,000 | $10,000+ |
| Downtown 6 Bedroom Homes for Rent | $11,985 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Austin, TX.
Explore 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 3 Beds apartment currently listed from $939. 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 | C3-SHARED | 3BR,3BA | $939 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| Timbercreek Apartments | E1 Affordable | Studio,1BA | $1,117 |
| West Campus Flats | Studio | Studio,1BA | $1,150 |
Best Value Apartments for Rent in Downtown, TX
As of August 29, 2026 the best value apartment in the Downtown area is the $1.20 price per square foot D2-A - Magnolia Model at Union on San Antonio in the in the Central East Austin neighborhood starting from $1,511. The second greatest value Downtown apartment is the #442 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 | $1.20 |
| Nueces Flats | #442 | 2BR,2BA | $1.97 |
| The Tuscany Apartments | F | 2BR,2BA | $2.18 |
| 24 Flats | 24fB1 | 2BR,1BA | $1.61 |
| Regency North Apartments | 2 Bedroom/1 Bath - Small (984 sq. ft.) | 2BR,1BA | $1.52 |
| The Beverly at Medical Center | A7 | 1BR,1.5BA | $2.02 |
| Villas on Rio | B4-SHARED | 2BR,2BA | $1.17 |
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $1.33 |
| Diplomat Apartments | 1BR/1BA Full Unit | 1BR,1BA | $2.08 |
| The Willows | wilA3 | 1BR,1BA | $2.18 |
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 Article
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.
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 Article
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.
Let everyone know!
Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown, Austin, TX
Ranked #75
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 220 Apartments for Rent in Downtown, TX with pricing that ranges from $915 to $36,676. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,150 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 $1,150 to $25,000 with an average monthly rent of $4,625.
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 $939 to $36,676, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $19,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $915.
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
Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.
Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin.
The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.