Cheap Homes for Rent in Austin, TX from $300 (698 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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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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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: 01/02/2026

Current apartment rentals in the Austin, TX area range in price from $489 to $155,000 with an overall median price of $5,106. The three Austin neighborhoods with the lowest median rent pricing are North University at $750, Southgate Apartments at $848, and Elm Creek at $825. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North University$1,395$75062
Southgate Apartments$1,395$84831
Elm Creek$1,512$82512
Skyview$1,586$6991171
Sunset Valley$1,605$825185
Whitestone Oaks$1,625$763223
Cirkiel Commons$1,643$835188
Homestead$1,643$826326
Round Rock East$1,643$826454
South Creek$1,643$826302

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a Studio unit found at Magnolia Flats in the Northwest Austin neighborhood priced from $600. Hedge Apartments in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia FlatsStudioStudio,1BA$600
Hedge ApartmentsSage - AF60Studio,1BA$625
Hillside PlaceA11BR,1BA$625
June West ApartmentsStudioStudio,1BA$627
Keystone1A1BR,1BA$636
Copperline at Village OaksS2Studio,1BA$648
San Gabriel Square ApartmentsLarge 1BR/1BA1BR,1BA$649
ArrayThe 7471BR,1BA$657
Timbercreek ApartmentsA5 Affordable1BR,1BA$657
Churchill Crossing ApartmentsA21BR,1BA$663

Best Value Apartments for Rent in Austin, TX

As of January 02, 2026 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
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Fort Branch at Trumans Landing3 Bed, 2 Bath (60% Income Restricted)3BR,2BA$1.07
Moonlight ApartmentsB12BR,2BA$1.07
24 Longview4x24BR,2BA$0.49
Arts at Turtle CreekB1Studio ,1BA$0.98
Verde ApartmentsB12BR,1BA$1.06
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$0.93
Acacia CliffsA11BR,1BA$1.02

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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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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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 2929 Apartments for Rent in Austin, TX with pricing that ranges from $489 to $155,000. There are also 4591 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $340 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 $340 to $35,000 with an average monthly rent of $6,555.

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 $650 to $25,000. Four Bedroom Single-Family rentals are also available starting from $610 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!