Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $600 (115 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $623. The Barstow has the second lowest priced unit, which is a 1 Bed apartment currently listed from $704. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Keystone1A1BR,1BA$623
The BarstowA1 - Income Restricted1BR,1BA$704
The FielderA1 - Income Restricted1BR,1BA$729
Canyon CreekBull Creek1BR,1BA$760
MiloEffStudio,1BA$769
Studio DomainS1Studio,1BA$795
Trails of Walnut Creek1 Bedroom 1 Bathroom A-31BR,1BA$799
Great HillsThe Zilker1BR,1BA$805
Village OaksValley1BR,1BA$805
Wind River Crossingxwrb11BR,1BA$814

Best Value Apartments for Rent in Milwood, TX

As of December 16, 2025 the best value apartment in the Milwood area is the $1.44 price per square foot B2 Model at The Robinson on Melrose in the in the Milwood neighborhood starting from $1,436. The second greatest value Milwood apartment is the 2 Bedroom 2 Bathroom B-2 Model at Trails of Walnut Creek starting at $1,299 with a $1.42 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 Robinson on MelroseB22BR,2BA$1.44
Trails of Walnut Creek2 Bedroom 2 Bathroom B-22BR,2BA$1.42
Park at Summers Grove29-1/1b1BR,1BA$1.39
The WaymanA21BR,1BA$1.33
The Village At Gracy FarmsSycamore1BR,1BA$1.46
The Olivine1B1B1BR,1BA$1.22
Elysium Grand LLPA11BR,1BA$1.42
Renaissance at North BendAzalea1BR,1BA$1.47
MAA Quarry Oaks11A-FP1BR,1BA$1.47
Canyon CreekBull Creek1BR,1BA$1.37

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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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

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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.

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 Milo listed at $769.

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

The lowest price for a Cheap One Bedroom Milwood Apartment is $623 at Keystone.

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 $991 at Wind River Crossing.

What is the most affordable Milwood Three Bedroom Apartment?

The best deal on a cheap Milwood Three Bedroom Apartment rental is at Radius at The Domain and starts from $1,484.

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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I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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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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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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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.