Cheap Apartments for Rent in the Midtown Austin Neighborhood of Austin, TX from $400 (312 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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property at 307 E 31st St

$800 - $1,400

2 Bedroom Rentals

Available Now

307 E 31st St

AustinTX78705

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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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 Axel
Rent Specials
$853 - $1,698
Total Monthly Price

Total Monthly Price

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$853 - $1,698
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1 to 2 Bedroom Apartments Available Now

The Axel

9024 Northgate BlvdAustin, TX 78758
Corporate Housing
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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
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The Ridge Apartments
Rent Specials
$871 - $1,915
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Total Monthly Price

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$871 - $1,915
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1 to 2 Bedroom Apartments Available Now

The Ridge Apartments

6805 Woodhollow DrAustin, TX 78731
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The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

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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 $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$500
The Palms on Lamar0X1Studio,1BA$649
Creeks Edge ApartmentsA21BR,1BA$695
Highpoint North1 Bedroom1BR,1BA$695
Centro Studio HomesCentro Studio Home - 1st FloorStudio,1BA$699
8207 Sam Rayburn DrOne Bed One Bath1BR,1BA$700
Avalon Palm ApartmentsEX1Studio,1BA$700
Harmony Apartments1BR/1.0BA1BR,1BA$749
Ashford Costa AzureA1-R1BR,1BA$749
Villas del Sol400 Upgrade 1st FloorStudio,1BA$750

Best Value Apartments for Rent in Midtown Austin, TX

As of June 07, 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 B3A Model at Venue on Guadalupe starting at $1,225 with a $1.18 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 GuadalupeB3A2BR,2BA$1.18
Park At CrestviewPC-B22BR,1BA$1.18
8907 Parkfield Dr2 Beds, 1 Baths2BR,1BA$1.02
Magnolia Flats2BR/1.0BA2BR,1BA$1.10
Ventura NorthBeautiful 2x1 minutes from the Domain!2BR,1BA$1.06
Chateau Avalon of AustinThe Chateau2BR,1BA$1.22
Acacia CliffsA11BR,1BA$1.04
Hidden Gardens1x1 Standard1BR,1BA$1.01
Sunday VillageOne- Bedroom 6A1BR,1BA$1.22

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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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 $750.

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 108 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 $1,379 which is $17,616 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.

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

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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

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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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.