Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $700 (110 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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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 The Fielder priced from $799. Madison Northridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The FielderA1AFF1BR,1BA$799
Madison NorthridgeA11BR,1BA$815
Village OaksValley1BR,1BA$870
Walnut Creek CrossingA11BR,1BA$875
Twenty15A11BR,1BA$909
The Barstow Lincoln OaksA1AFF1BR,1BA$914
Great HillsThe Zilker1BR,1BA$915
High OaksPoppy1BR,1BA$920
Radius at The DomainA21BR,1BA$924
Wind River Crossingxwrc11BR,1BA$925

Best Value Apartments for Rent in Milwood, TX

As of June 18, 2025 the best value apartment in the Milwood area is the $1.56 price per square foot 22F2 Model at The Addison Apartments in the in the Milwood neighborhood starting from $2,045. The second greatest value Milwood apartment is the B3 B4 Model at The Wayman starting at $1,610 with a $1.51 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.
The Addison Apartments22F22BR,2BA$1.56
The WaymanB3 B42BR,2BA$1.51
Trails of Walnut Creek2 Bedroom 2 Bathroom B-22BR,2BA$1.42
The Park at Walnut CreekB12BR,1BA$1.25
The Robinson on MelroseB12BR,2BA$1.25
The Springs Garden HomesA1BR,1BA$1.53
Madison at the ArboretumEnchanted Rock1BR,1BA$1.55
The Olivine1B1B1BR,1BA$1.42
Elysium Grand LLPA11BR,1BA$1.44
Cottages at Wells BranchA41BR,1BA$1.56

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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.

Getting Around the Milwood Neighborhood in Austin, TX

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

6 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milwood Apartments

What is the Cheapest Studio apartment in Milwood?

Currently the most affordable Cheap Studio Apartment in Milwood is at Henry Heights listed at $939.

How much is rent for a Cheap One Bedroom Milwood Apartment?

The lowest price for a Cheap One Bedroom Milwood Apartment is $799 at The Fielder.

What is the lowest price for a Cheap Two Bedroom Milwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milwood is starting from $1,124 at The Fielder.

What is the most affordable Milwood Three Bedroom Apartment?

The best deal on a cheap Milwood Three Bedroom Apartment rental is at Elysium Grand LLP and starts from $1,200.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.