Cheap Homes for Rent in Austin, TX from $300 (642 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.

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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 5701 Gerard Dr

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

4 Bedroom, 3 Bath Home for Rent

Available Now

5701 Gerard Dr

AustinTX78744
property at 16001 Windroot St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

16001 Windroot St

AustinTX78728

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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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

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.

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Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 04/25/2026

Current apartment rentals in the Austin, TX area range in price from $385 to $40,000 with an overall median price of $6,485. The three Austin neighborhoods with the lowest median rent pricing are Shadowglen at $1,350, Heritage Hills at $800, and Nuckols Crossing at $1,295. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Shadowglen$1,575$1,3504
Heritage Hills$1,795$80016
Nuckols Crossing$1,850$1,29513
Onion Creek Village$1,895$1,25021
North Park$1,899$1,25012
Patal$1,899$1,25016
Heritage Hills Windsor Hills$1,910$80021
Southgate Apartments$1,950$38519
Hobbs Creek$2,000$1,7993
Shepherd Mountain$2,049$1,1004

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
Waters at Willow RunA1 - One Bedroom One Bath1BR,1BA$540
RETREAT AT NORTH BLUFFA21BR,1BA$586
Logans MillA1A The Madison1BR,1BA$639
Patten East1x1C1BR,1BA$640
Longspur CrossingAStudio,1BA$649
CoppertreeCoventry1BR,1BA$649
The Palms on Lamar0X1Studio,1BA$649
San Gabriel Square ApartmentsSmall Efficency1BR,1BA$649

Best Value Apartments for Rent in Austin, TX

As of April 25, 2026 the best value apartment in the Austin area is the $0.90 price per square foot 4 Bed, 4 Bath Plus Model at Yugo Austin Rio in the in the Central East Austin neighborhood starting from $1,309. The second greatest value Austin apartment is the 4 Bed, 3 Bath Classic Model at Yugo Austin Nueces starting at $1,289 with a $0.97 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 Rio4 Bed, 4 Bath Plus4BR,4BA$0.90
Yugo Austin Nueces4 Bed, 3 Bath Classic4BR,3BA$0.97
1215 Terjo Ln, Unit A1215 Terjo Ln1BR,1BA$1.00
Yugo Austin Corner3 Bed, 2 Bath Deluxe3BR,2BA$0.92
Rollins Martin Apartments3x23BR,2BA$0.92
Park Place at Loyola Apartments3A3BR,2BA$0.99
24 Longview4x24BR,2BA$0.49
Hidden Gardens2x12BR,1BA$1.03
Waters at Willow RunA1 - One Bedroom One Bath1BR,1BA$0.77
Manor Town Apartments2A-60%2BR,1BA$0.73

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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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

Raul • 4+ years in Austin

March 17, 2026

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

Steve • 4+ 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.

Mary • 1+ years in Austin

April 3, 2025

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

Kevin • 4+ 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 2831 Apartments for Rent in Austin, TX with pricing that ranges from $423 to $26,859. There are also 3759 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $385 to $27,500.

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 $385 to $27,500 with an average monthly rent of $7,412.

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 $26,363, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $14,700. Four Bedroom Single-Family rentals are also available starting from $650 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.

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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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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.