
Cheap Homes for Rent in East Downtown Neighborhood of Austin, TX from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the East Downtown area of Austin.


2103 E 16th St

2705 E 16th St

1800 E 4th St, Unit 327
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.

905 Prospect Ave, Unit B

1807 Poquito St, Unit #46

2220 Webberville Rd

1405 Waller St
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.

1113 E 3rd St
East Downtown, Austin, TX Local Guide

How much does it cost to rent a home in East Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Downtown 2 Bedroom Homes for Rent | $2,962 | $1,900 | $3,993 |
| East Downtown 3 Bedroom Homes for Rent | $4,340 | $1,900 | $10,000+ |
| East Downtown 4 Bedroom Homes for Rent | $4,969 | $2,995 | $10,000+ |
| East Downtown 5 Bedroom Homes for Rent | $5,750 | $5,750 | $5,750 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the East Downtown Neighborhood of Austin, TX.
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East Downtown, Austin, TX Local Guide
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Cheapest Available East Downtown Apartments for Rent
 The cheapest available apartment rental in the East Downtown area of Austin, TX is a 1 Bed unit found at Lyons Garden priced from $905. The Rail has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable East Downtown apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lyons Garden | 1A | 1BR,1BA | $905 |
| The Rail | E4 | Studio,1BA | $950 |
| The Arnold | E1 - Affordable | Studio,1BA | $1,099 |
Best Value Apartments for Rent in East Downtown, TX
As of June 03, 2026 the best value apartment in the East Downtown area is the $2.66 price per square foot A4k Model at AMLI Eastside in the in the Town Lake neighborhood starting from $2,385. The second greatest value East Downtown apartment is the A2 Model at Eleven by Windsor starting at $1,631 with a $2.23 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for East Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| AMLI Eastside | A4k | 1BR,1BA | $2.66 |
| Eleven by Windsor | A2 | 1BR,1BA | $2.23 |
| 7East | A3a | 1BR,1BA | $2.58 |
| The Arnold | A3 Live Work | 1BR,1BA | $2.96 |
| Corazon | a1 | 1BR,1BA | $3.10 |
| Eastside Station | S1A | Studio ,1BA | $2.69 |
| Lyons Garden | 1A | 1BR,1BA | $1.71 |
| E6 | S1 | Studio ,1BA | $3.05 |
| The Rail | E2 | Studio ,1BA | $2.50 |
| Residences at Saltillo | E1 - SMART | Studio ,1BA | $3.36 |
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.
Best Local Schools in East Downtown, Austin, TX
School data provided by Great Schools
Frequently Asked Questions about East Downtown
What type of rentals are currently available in East Downtown?
There are currently 52 Apartments for Rent in East Downtown, TX with pricing that ranges from $950 to $15,238. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Downtown ranging from $1,000 to $14,000.
What is the current price range for Rental Homes in East Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in East Downtown ranges from $1,000 to $14,000 with an average monthly rent of $3,644.
How much are larger Three and Four Bedroom Rentals in East Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in East Downtown range from $4,569 to $15,238, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $10,500. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $2,400.
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 Insiders 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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.