Cheap Homes for Rent in Austin, TX from $300 (761 Rentals)

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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 11/17/2025

Current apartment rentals in the Austin, TX area range in price from $489 to $22,889 with an overall median price of $4,733. The three Austin neighborhoods with the lowest median rent pricing are Elm Creek at $825, Southgate Apartments at $900, and Arboretum at $710. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Elm Creek$1,297$82512
Southgate Apartments$1,350$90026
Arboretum$1,505$710344
North Park$1,537$83533
Sunset Valley$1,560$700203
Pleasant Valley$1,563$575403
Skyview$1,586$7361206
Onion Creek Village$1,591$90950
Willowbend Estates$1,591$83588
Homestead$1,643$800264

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Legends Lake Creek in the Northwest Austin neighborhood priced from $15. Heritage Pointe in the East Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $499. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legends Lake CreekA1 - Affordable1BR,1BA$15
Heritage Pointe1 Bedroom1BR,1BA$499
Magnolia FlatsStudioStudio,1BA$600
Hedge ApartmentsSage - AF60Studio,1BA$625
June West ApartmentsStudioStudio,1BA$627
Red OaksSStudio,1BA$649
Copperline at Village OaksS2Studio,1BA$649
Hillside PlaceA11BR,1BA$650
Verde ApartmentsA21BR,1BA$650
Westdale CreekA11BR,1BA$651

Best Value Apartments for Rent in Austin, TX

As of November 17, 2025 the best value apartment in the Austin area is the $0.50 price per square foot D5TH-SHARED Model at Villas on Rio in the in the Central East Austin neighborhood starting from $1,099. The second greatest value Austin apartment is the 4 Bed, 2 Bath Classic Model at Yugo Austin Nueces starting at $1,229 with a $0.91 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.
Villas on RioD5TH-SHARED4BR,4BA$0.50
Yugo Austin Nueces4 Bed, 2 Bath Classic4BR,2BA$0.91
Union on San AntonioD1 - Trinity4BR,4BA$0.83
Avonmora Apartments3 Bed, 2 Bath (80% Income Restricted)3BR,2BA$0.99
24 Longview4x24BR,2BA$0.49
Legacy Ranch @ Dessau East, A 55+ CommunityPalomino1BR,1BA$0.97
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.93
La CasitaREMODELED 2x12BR,1BA$1.02
Heritage Pointe1 Bedroom1BR,1BA$0.67
Acacia CliffsA11BR,1BA$1.04

Quick Rent Budget Calculator

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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!

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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 3005 Apartments for Rent in Austin, TX with pricing that ranges from $489 to $22,510. There are also 5298 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $310 to $27,000.

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 $27,000 with an average monthly rent of $6,452.

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 $674 to $22,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $25,000. Four Bedroom Single-Family rentals are also available starting from $525 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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.