Cheap Homes for Rent in Austin, TX from $300 (568 Rentals)

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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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 09/16/2025

Current apartment rentals in the Austin, TX area range in price from $474 to $22,510 with an overall median price of $4,434. The three Austin neighborhoods with the lowest median rent pricing are Westover Hills at $757, Elm Creek at $880, and Southgate Apartments at $915. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westover Hills$1,160$75783
Elm Creek$1,485$88014
Southgate Apartments$1,500$91516
West University$1,544$474249
Sunset Valley$1,585$795190
Arboretum$1,610$800310
Homestead$1,643$893240
Mason Ryle Highland Estates$1,643$903299
Round Rock Ranch$1,643$845306
South Creek$1,643$845252

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Paradise Oaks Apartments in the Oltorf-East Riverside neighborhood priced from $365. RETREAT AT NORTH BLUFF in the South Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $586. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paradise Oaks ApartmentsA11BR,1BA$365
RETREAT AT NORTH BLUFFA21BR,1BA$586
Magnolia FlatsStudioStudio,1BA$600
Hedge ApartmentsSage - AF60Studio,1BA$625
ALMA ApartmentsCORAZON - SH - 50%Studio,1BA$625
South ShoreThe Oasis: 1/1 at Avesta South Shore1BR,1BA$629
Enclave on Ross1 Bed - A11BR,1BA$632
Red OaksSStudio,1BA$649
The Vibe ApartmentsA21BR,1BA$650
Hillside PlaceA11BR,1BA$650

Best Value Apartments for Rent in Austin, TX

As of September 16, 2025 the best value apartment in the Austin area is the $0.96 price per square foot D1 Model at Paradise Oaks Apartments in the in the Oltorf-East Riverside neighborhood starting from $1,289. The second greatest value Austin apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,050 with a $0.83 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.
Paradise Oaks ApartmentsD14BR,2BA$0.96
Union on San AntonioD1 - Trinity4BR,4BA$0.83
Sterling3 bedroom 3 bathroom-C13BR,3BA$0.97
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
24 Longview4x24BR,2BA$0.49
Bluff Springs TownhomesBR2BR,2BA$0.98
Promontory Point Apartments2 Bedroom2BR,2BA$0.96
Eryngo Hills2 Bedroom2BR,2BA$0.95
South ShoreThe Villa: 2/2 (948) at South Shore2BR,2BA$0.99
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.93

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
Austin, TX

Ranked #3

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Austin, TX Rentals by Map

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See the most popular apartments and homes in Austin, TX

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Austin, TX Area Reviews

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

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 2957 Apartments for Rent in Austin, TX with pricing that ranges from $474 to $22,510. There are also 5225 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $350 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 $350 to $27,500 with an average monthly rent of $6,561.

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 $725 to $22,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $530 to $15,000. Four Bedroom Single-Family rentals are also available starting from $560 and Four Bedroom Apartments start at $489.

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.

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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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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.

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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.