Cheap Homes for Rent in Austin, TX from $300 (700 Rentals)

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

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.

property at 1100 Winnie Dr

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

1100 Winnie Dr

AustinTX78748
property at 5701 Gerard Dr

$649

Total Monthly Price

Total Monthly Price

Base Rent
$649

Total Monthly Price
$649

5 Bedroom, 3 Bath Home for Rent

Available Now

5701 Gerard Dr

AustinTX78744

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.

property at 3506 Speedway

$700 - $2,800

1 To 4 Bedroom Rentals

Available Now

3506 Speedway

AustinTX78705
property at 11608 Glen Knoll Dr

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

4 Bedroom, 3.5 Bath Home for Rent

Available Now

property at 392 Eagle Brook Ln

$790

Total Monthly Price

Total Monthly Price

Base Rent
$790

Total Monthly Price
$790

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

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.

property at 1000 W 26th St

$795 - $1,075

Studio To 1 Bedroom Rentals

Available Now

1000 W 26th St

AustinTX78705
property at 7425 Marble Ridge Dr

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

4 Bedroom, 2 Bath Home for Rent

Available Now

7425 Marble Ridge Dr, Unit Room 1

7425 Marble Ridge Dr
AustinTX78747
property at 512 Whistlers Walk

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

512 Whistlers Walk

Cedar ParkTX78613

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.

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 06/09/2026

Current apartment rentals in the Austin, TX area range in price from $489 to $36,676 with an overall median price of $4,433. The three Austin neighborhoods with the lowest median rent pricing are Garrison Park at $725, Westover Hills at $791, and North University at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Garrison Park$1,390$725177
Westover Hills$1,472$791111
North University$1,481$80054
Slaughter Creek$1,531$77843
Galindo$1,545$69954
Sunset Valley$1,580$840133
Southgate Apartments$1,589$85025
Parmer$1,599$799193
Copperfield$1,602$651793
Cirkiel Commons$1,643$815130

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Ventura North in the Northwest Austin neighborhood priced from $500. Manor Town Apartments in the Shadow Glen neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $507. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ventura North1x1 Standard Unit!1BR,1BA$500
Manor Town Apartments2A-60%2BR,1BA$507
Keystone1A1BR,1BA$611
ArrayThe 7001BR,1BA$624
Hedge ApartmentsSage - AF60Studio,1BA$624
OrbitA1 | 1 Bed | 1 Bath1BR,1BA$647
StarburstA1 | 1 Bed | 1 Bath1BR,1BA$647
The Palms on Lamar0X1Studio,1BA$649
Chevy Chase Downs1BR/1BA1BR,1BA$649
Eastern Oaks2A2BR,2BA$650

Best Value Apartments for Rent in Austin, TX

As of June 10, 2026 the best value apartment in the Austin area is the $0.85 price per square foot 4 Bed, 3 Bath Plus Model at Yugo Austin Nueces in the in the Central East Austin neighborhood starting from $1,359. The second greatest value Austin apartment is the Nueces Model at Sparq on Rio starting at $809 with a $0.54 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Austin Nueces4 Bed, 3 Bath Plus4BR,3BA$0.85
Sparq on RioNueces3BR,3BA$0.54
Yugo Austin Rio4 Bed, 4 Bath Plus4BR,4BA$0.90
Point NorthD34BR,4BA$0.61
Rollins Martin Apartments3x23BR,2BA$0.92
24 Longview4x24BR,2BA$0.49
Hidden Gardens2x12BR,1BA$0.99
Ballpark North3x3 UG3BR,3BA$0.69
Eastern Oaks2A2BR,2BA$0.84
Manor Town Apartments1A-60%1BR,1BA$0.96

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.

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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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Local 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

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Austin, TX Rentals by Map

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Austin, TX Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Raul4+ years in Austin

March 17, 2026

Perfect for families and Texas residents looking for safe neighborhoods with a strong culture and community feel.

Steve4+ years in Austin

April 3, 2025

Alright, so Austin, man. Steve here, early 30s, and let me tell you, this place is alive. If you're into killer food – and I mean, everything from legit BBQ to some seriously inventive fusion spots – and a nightlife scene that just doesn't quit, you'll fit right in.

Mary1+ years in Austin

April 3, 2025

I like the northside of town best. But Downtown is fun. Lots of outdoor stuff to do

Kevin4+ years in Austin

March 25, 2025

Happy, vibrant, busy, lots of traffic, great restaurants. Liberal.

Frequently Asked Questions about Austin

What type of rentals are currently available in Austin?

There are currently 2850 Apartments for Rent in Austin, TX with pricing that ranges from $489 to $36,676. There are also 4092 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $310 to $29,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $310 to $29,500 with an average monthly rent of $7,409.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Austin range from $604 to $36,676, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $16,000. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $489.

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

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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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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.

decorative image for Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas article

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.

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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

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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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.