Cheap Homes for Rent in Midtown Austin Neighborhood of Austin, TX from $600 (193 Rentals)

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Search the lowest-cost Homes 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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property at 3506 Speedway

$850 - $3,000

1 To 4 Bedroom Rentals

Available Now

3506 Speedway

AustinTX78705

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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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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property at 8888 Tallwood Dr

$1,000 - $1,400

1 To 2 Bedroom Rentals

Available Now

8888 Tallwood Dr

AustinTX78759

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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property at 2704 San Pedro St

$1,050 - $2,000

Studio To 2 Bedroom Rentals

Available Now

2704 San Pedro 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.

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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 Studio unit found at The Palms on Lamar priced from $649. Creeks Edge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Midtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The Palms on Lamar0X1Studio,1BA$649
Creeks Edge ApartmentsA11BR,1BA$675
The SonataA11BR,1BA$699
Avalon Palm ApartmentsEX1Studio,1BA$700
Ventura North1x1 Standard Unit!1BR,1BA$725
VEER ApartmentsSwerve - AF60Studio,1BA$725
Centro Studio HomesCentro Studio Home - 1st FloorStudio,1BA$729
WoodstoneA1-R1BR,1BA$731
Hidden GardensStudioStudio,1BA$733
Brook Meadow VillageS1Studio,1BA$745

Best Value Apartments for Rent in Midtown Austin, TX

As of April 10, 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
Chevy Chase ApartmentsB12BR,1BA$1.33
Cielo at Azulyk2x1 Standard2BR,1BA$1.25
Chateau Avalon of AustinThe Chateau2BR,1BA$1.20
Acacia CliffsA11BR,1BA$1.06
Sunday VillageOne- Bedroom 6A1BR,1BA$1.22
City View at MuellerA21BR,1BA$1.27
Creeks Edge ApartmentsA11BR,1BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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

Frequently Asked Questions about Midtown Austin

What type of rentals are currently available in Midtown Austin?

There are currently 672 Apartments for Rent in Midtown Austin, TX with pricing that ranges from $600 to $18,995. There are also 521 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Austin ranging from $675 to $18,000.

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 $675 to $18,000 with an average monthly rent of $5,139.

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 $830 to $4,942, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $6,250. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $880.

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.

decorative image for Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas article

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

Written by: Raul Mercado

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.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.