Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $600 (125 Rentals)

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

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Stone Oak @ Parmer
Rent Specials
$963 - $2,751
Total Monthly Price

Total Monthly Price

Base Rent
$886 - $2,674
Required Monthly Fees
$77
Total Monthly Price
$963 - $2,751
1 to 3 Bedroom Apartments Available Now

Stone Oak @ Parmer

5400 W Parmer LnAustin, TX 78727
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Twelve100
$966 - $2,061
Total Monthly Price

Total Monthly Price

Base Rent
$944 - $2,039
Required Monthly Fees
$22
Total Monthly Price
$966 - $2,061
1 to 3 Bedroom Apartments Available Now

Twelve100

12100 Metric BlvdAustin, TX 78758
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  • Low Income
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Villas at Stone Oak Ranch
$972 - $4,032
Total Monthly Price

Total Monthly Price

Base Rent
$939 - $3,999
Required Monthly Fees
$33
Total Monthly Price
$972 - $4,032
1 to 3 Bedroom Apartments Available Now

Villas at Stone Oak Ranch

13021 Legendary DrAustin, TX 78727
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Modera EaDo
$999 - $2,800
Total Monthly Price

Total Monthly Price

Base Rent
$829 - $2,630
Required Monthly Fees
$170
Total Monthly Price
$999 - $2,800
Studio to 2 Bedroom Apartments Available Now

Modera EaDo

11604 Stonehollow DrAustin, TX 78758
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Highline Apartments
$1,015 - $2,509
Total Monthly Price

Total Monthly Price

Base Rent
$958 - $2,452
Required Monthly Fees
$57
Total Monthly Price
$1,015 - $2,509
1 to 3 Bedroom Apartments Available Now

Highline Apartments

13201 Legendary DrAustin, TX 78727
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The Park at Walnut Creek
Rent Specials
$1,020 - $1,933
Total Monthly Price

Total Monthly Price

Base Rent
$874 - $1,787
Required Monthly Fees
$146
Total Monthly Price
$1,020 - $1,933
1 to 3 Bedroom Apartments Available Now

The Park at Walnut Creek

12113 Metric BlvdAustin, TX 78758
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The Village At Gracy Farms
Rent Specials
$1,044 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$990 - $1,635
Required Monthly Fees
$54
Total Monthly Price
$1,044 - $1,689
1 to 3 Bedroom Apartments Available Now

The Village At Gracy Farms

2600 Gracy Farms LnAustin, TX 78758
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Folio
Rent Specials
$1,098 - $2,364
Total Monthly Price

Total Monthly Price

Base Rent
$1,070 - $2,336
Required Monthly Fees
$28
Total Monthly Price
$1,098 - $2,364
1 to 3 Bedroom Apartments Available Now

Folio

11915 Stonehollow DrAustin, TX 78758
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Stonelake at the Arboretum
Rent Specials
$1,115 - $3,295
Total Monthly Price

Total Monthly Price

Base Rent
$955 - $3,135
Required Monthly Fees
$160
Total Monthly Price
$1,115 - $3,295
1 to 2 Bedroom Apartments Available Now

Stonelake at the Arboretum

9801 Stonelake BlvdAustin, TX 78759
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Lenox Grand
Rent Specials
$1,116 - $2,549
Total Monthly Price

Total Monthly Price

Base Rent
$1,016 - $2,449
Required Monthly Fees
$100
Total Monthly Price
$1,116 - $2,549
1 to 3 Bedroom Apartments Available Now

Lenox Grand

13505 Burnet RdAustin, TX 78727
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Hardrock Canyon
Rent Specials
$1,168 - $2,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,156 - $2,577
Required Monthly Fees
$12
Total Monthly Price
$1,168 - $2,589
1 to 2 Bedroom Apartments Available Now

Hardrock Canyon

10300 Jollyville RdAustin, TX 78759
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Alloy
Rent Specials
$1,184 - $3,259
Total Monthly Price

Total Monthly Price

Base Rent
$1,076 - $3,151
Required Monthly Fees
$108
Total Monthly Price
$1,184 - $3,259
Studio to 2 Bedroom Apartments Available Now

Alloy

10400 Research BlvdAustin, TX 78759
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Griffis at The Domain
Rent Specials
$1,193 - $2,487
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $2,407
Required Monthly Fees
$80
Total Monthly Price
$1,193 - $2,487
Studio to 2 Bedroom Apartments Available Now

Griffis at The Domain

3001 Esperanza XingAustin, TX 78758
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Magnolia Scofield Ridge
Rent Specials
$1,199 - $3,009
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $2,990
Required Monthly Fees
$19
Total Monthly Price
$1,199 - $3,009
Studio to 2 Bedroom Apartments Available Now

Magnolia Scofield Ridge

3100 Scofield Ridge PkyAustin, TX 78727
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Milwood, Austin, TX Local Guide

Cheapest Available Milwood Apartments for Rent

 

The cheapest available apartment rental in the Milwood area of Austin, TX is a 1 Bed unit found at Keystone priced from $696. The Fielder has the second lowest priced unit, which is a 1 Bed apartment currently listed from $708. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Keystone1A1BR,1BA$696
The FielderA1 - Income Restricted1BR,1BA$708
Madison NorthridgeA11BR,1BA$715
Walnut Creek CrossingA11BR,1BA$724
MiloEffStudio,1BA$774
Studio DomainS1Studio,1BA$795
Henry Heights1X1A1BR,1BA$797
The BarstowA2 - Income Restricted1BR,1BA$802
Great HillsThe Zilker1BR,1BA$805
Canyon CreekBull Creek1BR,1BA$805

Best Value Apartments for Rent in Milwood, TX

As of February 18, 2026 the best value apartment in the Milwood area is the $1.37 price per square foot C1 Model at Beck at Wells Branch in the in the Milwood neighborhood starting from $1,945. The second greatest value Milwood apartment is the 4504 Dorsett Oaks Cir Model at 4504 Dorsett Oaks Cir, Unit A starting at $1,750 with a $1.35 price per square foot in the Milwood neighborhood. Here is today’s list of the best values for Milwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Beck at Wells BranchC13BR,2BA$1.37
4504 Dorsett Oaks Cir, Unit A4504 Dorsett Oaks Cir3BR,2BA$1.35
The Estate on Quarry Lake Apartment HomesAddison A41BR,1BA$1.45
The WaymanB1R1BR,1BA$1.23
Keystone2A2BR,2BA$1.45
Park at Summers Grove29-1/1b1BR,1BA$1.39
The Olivine1B1B1BR,1BA$1.28
Elysium Grand LLPA11BR,1BA$1.42
MAA Quarry Oaks11A-FP1BR,1BA$1.44
Walnut Creek CrossingA11BR,1BA$1.43

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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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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for Austin, Texas. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Milwood Apartments

What is a cheap apartment in Milwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Milwood is under $805.

What is the price of a cheap apartment in Milwood?

The cheapest apartment in Milwood is Keystone which is listed at $696, while the average apartment in Milwood costs $1,995.

What types of apartments are the cheapest in Milwood?

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 98 regular apartments in Milwood 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 Milwood?

Cheap apartments in Milwood have an average cost of $178 which is $1,817 cheaper than the average rent for all rentals in Milwood.

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

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.

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Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

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Written by: Christine Leonard, Esq.

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

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.