Cheap Homes for Rent in the Midtown Austin Neighborhood of Austin, TX from $700 (194 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

Read Article
property at 502 W 35th St

$880 - $1,150

Studio To 1 Bedroom Rentals

Available Now

502 W 35th St

AustinTX78705

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 3506 Speedway

$700 - $2,800

1 To 4 Bedroom Rentals

Available Now

3506 Speedway

AustinTX78705

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.

Read Article
property at 114 E 31st St

$950 - $1,450

1 Bedroom Rentals

Available Now

114 E 31st St

AustinTX78705

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.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 4

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
Magnolia FlatsNorth-Central Austin Studio ApartmentStudio,1BA$568
Creeks Edge ApartmentsA21BR,1BA$650
Villas del Sol400 Designer 2nd FloorStudio,1BA$695
Highpoint North1 Bedroom1BR,1BA$695
Ascent At NorthgateStudio RenovatedStudio,1BA$699
Hidden GardensStudioStudio,1BA$700
8207 Sam Rayburn DrOne Bed One Bath1BR,1BA$700
Waterford StudiosS1Studio,1BA$715

Best Value Apartments for Rent in Midtown Austin, TX

As of August 25, 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$1.08
North 40North 40 - 2 Bed 1 Bath2BR,1BA$1.06
8909 Parkfield Drive1BR/1.0BA1BR,1BA$0.88
Cielo at Azulyk2x1 Standard2BR,1BA$1.25
Ventura NorthBeautiful 2x1 minutes from the Domain!2BR,1BA$0.94
Chateau Avalon of AustinThe Chateau2BR,1BA$1.23
Acacia CliffsA11BR,1BA$1.05
Creeks Edge ApartmentsA31BR,1BA$1.01

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Best Local Schools in
Midtown Austin, Austin, TX

School data provided by Great Schools

Frequently Asked Questions about Midtown Austin

What type of rentals are currently available in Midtown Austin?

There are currently 624 Apartments for Rent in Midtown Austin, TX with pricing that ranges from $500 to $6,465. There are also 473 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Austin ranging from $700 to $16,000.

What is the current price range for Rental Homes in Midtown Austin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown Austin ranges from $700 to $16,000 with an average monthly rent of $2,560.

How much are larger Three and Four Bedroom Rentals in Midtown Austin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown Austin range from $845 to $5,514, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $895.

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

decorative image for Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals article

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

decorative image for Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City article

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin.

decorative image for The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX article

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

decorative image for Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers article

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.