Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $700 (121 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 Milo priced from $735. Madison Northridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
MiloA11BR,1BA$735
Madison NorthridgeA11BR,1BA$745
The FielderA1AFF1BR,1BA$749
The Barstow Lincoln OaksA1AFF1BR,1BA$758
Walnut Creek CrossingA11BR,1BA$760
Henry Heights1 Bedroom 1 Bathroom1BR,1BA$795
Trails of Walnut Creek1 Bedroom 1 Bathroom A-31BR,1BA$799
Radius at The DomainA21BR,1BA$834
Village OaksValley1BR,1BA$850
Keystone1A1BR,1BA$860

Best Value Apartments for Rent in Milwood, TX

As of August 28, 2025 the best value apartment in the Milwood area is the $1.27 price per square foot B3 Model at The Park at Walnut Creek in the in the Milwood neighborhood starting from $1,540. The second greatest value Milwood apartment is the 22F1 Model at The Addison Apartments starting at $1,775 with a $1.53 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 Park at Walnut CreekB32BR,2BA$1.27
The Addison Apartments22F12BR,2BA$1.53
Park at Summers Grove29-225b2BR,2BA$1.33
Radius at The DomainB12BR,2BA$1.43
MAA Balcones WoodsEl Paso2BR,1BA$1.38
The WaymanA21BR,1BA$1.29
The Olivine1B1B1BR,1BA$1.36
Cottages at Wells BranchA51BR,1BA$1.44
Trails of Walnut Creek1 Bedroom 1 Bathroom A-21BR,1BA$1.39
Walnut Creek CrossingA11BR,1BA$1.46

Quick Rent Budget Calculator

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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 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 $860.

What is the price of a cheap apartment in Milwood?

The cheapest apartment in Milwood is Milo which is listed at $735, while the average apartment in Milwood costs $2,092.

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 129 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 $113 which is $1,979 cheaper than the average rent for all rentals in Milwood.

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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