Cheap Homes for Rent in Austin, TX from $300 (565 Rentals)

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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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property at 2401 Leon St

2401 Leon St

AustinTX78705

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 07/30/2025

Current apartment rentals in the Austin, TX area range in price from $525 to $29,970 with an overall median price of $3,983. The three Austin neighborhoods with the lowest median rent pricing are Westover Hills at $757, Elm Creek at $825, and Southgate Apartments at $835. 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$75726
Elm Creek$1,485$82516
Southgate Apartments$1,500$83525
East Congress$1,634$805106
West Congress$1,634$805383
Sunset Valley$1,650$795145
Montopolis$1,676$585612
Pleasant Valley$1,687$585371
Arboretum$1,710$819271
East Riverside Oltorf$1,725$585646

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a Studio unit found at The Abali Apartments in the East Austin neighborhood priced from $596. The Palms on Lamar in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Abali ApartmentsA1Studio,1BA$596
The Palms on Lamar0X1Studio,1BA$600
The SpokeA11BR,1BA$613
Enclave on Ross1 Bed - A11BR,1BA$632
Copperline at Village OaksS3Studio,1BA$660
BluA1Studio,1BA$663
The EnclaveE1Studio,1BA$668
Vi CollinaA11BR,1BA$674
The RhettA11BR,1BA$677
Hedge ApartmentsSage - AF60Studio,1BA$695

Best Value Apartments for Rent in Austin, TX

As of July 31, 2025 the best value apartment in the Austin area is the $0.73 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,229. The second greatest value Austin apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,379 with a $0.87 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 Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.73
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.87
Point North Student LivingD14BR,4BA$1.04
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
24 Longview4x24BR,2BA$0.57
Bluff Springs TownhomesC12BR,2BA$1.01
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.99
Eryngo Hills1 Bedroom1BR,1BA$1.10
Acacia CliffsA11BR,1BA$1.06
Promontory Point Apartments1 Bedroom1BR,1BA$1.12

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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Austin, TX Area Reviews

  • Parks
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  • 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 2929 Apartments for Rent in Austin, TX with pricing that ranges from $574 to $29,970. There are also 5182 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $320 to $35,000.

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 $320 to $35,000 with an average monthly rent of $5,341.

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 $705 to $22,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $660 to $35,000. Four Bedroom Single-Family rentals are also available starting from $680 and Four Bedroom Apartments start at $575.

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 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.