Cheap Apartments for Rent in the Midtown Austin Neighborhood of Austin, TX from $400 (475 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown Austin area of Austin.

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property at 4105 Speedway

$750

Studio To 1 Bedroom Rentals

Available May 11

4105 Speedway

AustinTX78751

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Summit at Hyde Park
Rent Specials
$886 - $1,983
Total Monthly Price

Total Monthly Price

Base Rent
$886 - $1,983
Total Monthly Price
$886 - $1,983
1 to 2 Bedroom Apartments Available Now

Summit at Hyde Park

5200 N Lamar BlvdAustin, TX 78751
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Midtown Austin, Austin, TX Local Guide

Cheapest Available Midtown Austin Apartments for Rent

 

The cheapest available apartment rental in the Midtown Austin area of Austin, TX is a 1 Bed unit found at Ventura North priced from $600. The Palms on Lamar has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Midtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Ventura North1x1 Standard Unit!1BR,1BA$600
The Palms on Lamar0X1Studio,1BA$649
VEER ApartmentsSwerve - AF60Studio,1BA$667
Creeks Edge ApartmentsA11BR,1BA$675
Casa MarfilStudioStudio,1BA$699
Avalon Palm ApartmentsEX1Studio,1BA$700
Hidden GardensStudioStudio,1BA$733
Brook Meadow VillageS1Studio,1BA$745
Harmony Apartments1BR/1.0BA1BR,1BA$749
Ashford Costa AzureA1-R1BR,1BA$749

Best Value Apartments for Rent in Midtown Austin, TX

As of April 23, 2026 the best value apartment in the Midtown Austin area is the $1.15 price per square foot B2 Model at Towne Oaks II in the in the Northwest Austin neighborhood starting from $1,250. The second greatest value Midtown Austin apartment is the B3 Model at Venue on Guadalupe starting at $1,280 with a $1.23 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Midtown Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Towne Oaks IIB22BR,2BA$1.15
Venue on GuadalupeB32BR,2BA$1.23
Magnolia Flats2BR/1.0BA2BR,1BA$1.10
Urban VillasTwo Bedroom 1.5 Bath2BR,1.5BA$1.17
Chateau Avalon of AustinThe Chateau2BR,1BA$1.20
Acacia CliffsA11BR,1BA$1.06
Sunday VillageOne- Bedroom 6A1BR,1BA$1.22
Chevy Chase ApartmentsA21BR,1BA$1.25
Ventura NorthUpgraded 1x1 in North Austin by Q2!1BR,1BA$1.22
Creeks Edge ApartmentsA11BR,1BA$1.17

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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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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
Midtown Austin, Austin, TX

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Midtown Austin, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for Northeastern Austin. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Midtown Austin Apartments

What is a cheap apartment in Midtown Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Austin is under $749.

What is the price of a cheap apartment in Midtown Austin?

The cheapest apartment in Midtown Austin is Ventura North which is listed at $600, while the average apartment in Midtown Austin costs $18,995.

What types of apartments are the cheapest in Midtown Austin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 349 regular apartments in Midtown Austin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Midtown Austin?

Cheap apartments in Midtown Austin have an average cost of $929 which is $18,066 cheaper than the average rent for all rentals in Midtown Austin.

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.

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