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

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

property at 3506 Speedway

$700 - $2,800

1 To 4 Bedroom Rentals

Available Now

3506 Speedway

AustinTX78705

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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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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property at 2600 Penny Ln

$995 - $1,399

1 To 2 Bedroom Rentals

Available Now

2600 Penny Ln

AustinTX78757
property at 3303 Duval St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

Studio, 1 Bath Home for Rent

Available Now

3303 Duval St, Unit B

3303 Duval St
AustinTX78705

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 8210 Bent Tree Rd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

8210 Bent Tree Rd, Unit 246

8210 Bent Tree Rd
AustinTX78759

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.

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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 NorthUpgraded 1x1 in North Austin by Q2!1BR,1BA$500
The Palms on Lamar0X1Studio,1BA$500
La Reunion Cooperative1 Bed, 1 Bath1BR,1BA$605
Creeks Edge ApartmentsA21BR,1BA$650
Highpoint North1 Bedroom1BR,1BA$695
Ascent At NorthgateStudio RenovatedStudio,1BA$699
Hidden GardensStudioStudio,1BA$700
Avalon Palm ApartmentsEX1Studio,1BA$700
8207 Sam Rayburn DrOne Bed One Bath1BR,1BA$700
iConic Mueller 1Mueller 1 Classic1BR,1BA$712

Best Value Apartments for Rent in Midtown Austin, TX

As of July 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 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$1.24
8909 Parkfield Drive1BR/1.0BA1BR,1BA$0.88
Cielo at Azulyk2x1 Standard2BR,1BA$1.25
Bridge at TerracinaA3- R1BR,1BA$1.24
Acacia CliffsA11BR,1BA$1.05
Sunday VillageOne- Bedroom 6A1BR,1BA$1.22
8207 Sam Rayburn DrOne Bed One Bath1BR,1BA$1.25

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

Frequently Asked Questions about Midtown Austin

What type of rentals are currently available in Midtown Austin?

There are currently 614 Apartments for Rent in Midtown Austin, TX with pricing that ranges from $500 to $18,995. There are also 454 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Austin ranging from $700 to $15,050.

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 $15,050 with an average monthly rent of $5,014.

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 $6,394, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $7,900. Four Bedroom Single-Family rentals are also available starting from $1,800 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.

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Beyond "Keep Austin Weird": Your Insider's 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

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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.

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

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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

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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.