Cheap Apartments for Rent in the Midtown Austin Neighborhood of Austin, TX from $500 (477 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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The Axel
Rent Specials
$853 - $1,588
Total Monthly Price

Total Monthly Price

Base Rent
$853 - $1,588
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Axel

9024 Northgate BlvdAustin, TX 78758
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

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Ironhorse Flats
Rent Specials
$865 - $1,715
Total Monthly Price

Total Monthly Price

Base Rent
$865 - $1,715
Total Monthly Price
$865 - $1,715
1 to 2 Bedroom Apartments Available Now

Ironhorse Flats

1930 W Rundberg LnAustin, TX 78758
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 3816 Speedway

$875 - $975

1 Bedroom Rentals

Available Now

3816 Speedway

AustinTX78751

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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 $500. The Palms on Lamar has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Midtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Ventura NorthMOVE IN SPECIAL (Immediate)1BR,1BA$500
The Palms on Lamar0X1Studio,1BA$500
The Abali ApartmentsB11BR,1BA$625
Creeks Edge ApartmentsA21BR,1BA$650
VEER ApartmentsCurve - AF60Studio,1BA$690
Villas del Sol400 Upgrade 1st FloorStudio,1BA$695
Highpoint North1 Bedroom1BR,1BA$695
Ascent At NorthgateStudio RenovatedStudio,1BA$699
Hidden GardensStudioStudio,1BA$700
Avalon Palm ApartmentsEX1Studio,1BA$700

Best Value Apartments for Rent in Midtown Austin, TX

As of July 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 2 Bedroom Model at Highpoint North starting at $1,250 with a $1.25 price per square foot in the Northwest 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
Highpoint North2 Bedroom2BR,2BA$1.25
8907 Parkfield Dr2 Beds, 1 Baths2BR,1BA$0.97
North 40North 40 - 2 Bed 1 Bath2BR,1BA$1.18
8909 Parkfield Drive1BR/1.0BA1BR,1BA$0.88
Ventura NorthBeautiful 2x1 minutes from the Domain!2BR,1BA$0.94
Bridge at TerracinaA3- R1BR,1BA$1.24
Acacia CliffsA11BR,1BA$1.04
Sunday VillageOne- Bedroom 6A1BR,1BA$1.22
Anderson FlatsClassic 1Bd1BR,1BA$1.18

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Midtown Austin, Austin, TX

Ranked #9

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 $700.

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

The cheapest apartment in Midtown Austin is Ventura North which is listed at $500, 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 89 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 $1,050 which is $17,945 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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