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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 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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Austin's Best Affordable Neighborhoods

Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

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9200 N Plaza

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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 07/02/2025

Current apartment rentals in the Austin, TX area range in price from $474 to $22,360 with an overall median price of $3,290. The three Austin neighborhoods with the lowest median rent pricing are Thousand Oaks at $740, Westover Hills at $807, 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
Thousand Oaks$740$7402
Westover Hills$1,240$80785
Elm Creek$1,450$82517
Southgate Apartments$1,525$92523
Galindo$1,625$899105
East Congress$1,642$995147
West Congress$1,642$825273
Sunset Valley$1,685$795154
South Lamar$1,695$845233
Willowbend Estates$1,699$82594

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a Studio unit found at The Palms on Lamar in the Northwest Austin neighborhood priced from $600. Copperline at Village Oaks in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $602. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Palms on Lamar0X1Studio,1BA$600
Copperline at Village OaksS3Studio,1BA$602
ALMA ApartmentsCORAZON - SH - 50%Studio,1BA$625
Enclave on Ross1 Bed - A11BR,1BA$632
Grace WoodsA31BR,1BA$674
Wildwood ApartmentsA11BR,1BA$675
The RhettA11BR,1BA$677
Westdale CreekA11BR,1BA$686
The HedgeSage - AF60Studio,1BA$695
Mesh ApartmentsE1-Mesh IIIStudio,1BA$699

Best Value Apartments for Rent in Austin, TX

As of July 02, 2025 the best value apartment in the Austin area is the $0.78 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,329. The second greatest value Austin apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,399 with a $0.88 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$0.78
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Point North Student LivingD14BR,4BA$1.04
HillTopFrio C3BR,2BA$0.99
The Studio at ThinkEastTwo Bedroom / Two bath2BR,2BA$1.04
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Legacy Ranch @ Dessau East 55+ CommunityPalomino1BR,1BA$1.00
8907 Parkfield Dr1 Beds, 1 Baths1BR,1BA$1.03
Acacia CliffsA11BR,1BA$1.10
The RhettA11BR,1BA$0.97

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
  • 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 2930 Apartments for Rent in Austin, TX with pricing that ranges from $474 to $22,360. There are also 5012 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $310 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 $310 to $35,000 with an average monthly rent of $7,910.

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 $474 to $22,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $35,000. Four Bedroom Single-Family rentals are also available starting from $730 and Four Bedroom Apartments start at $560.

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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.