Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $500 (137 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

Read Article
close
View Me
Twenty15
$877 - $1,502
Total Monthly Price

Total Monthly Price

Base Rent
$877 - $1,502
Total Monthly Price
$877 - $1,502
1 to 2 Bedroom Apartments Available Now

Twenty15

2015 Cedar Bend DrAustin, TX 78758
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Cottages at Wells Branch
Rent Specials
$945 - $2,116
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $2,116
Total Monthly Price
$945 - $2,116
1 to 2 Bedroom Apartments Available Now

Cottages at Wells Branch

14300 Tandem BlvdAustin, TX 78728
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

Read Article
close
View Me
Milo
Rent Specials
$954 - $5,365
Total Monthly Price

Total Monthly Price

Base Rent
$954 - $5,365
Total Monthly Price
$954 - $5,365
Studio to 2 Bedroom Apartments Available Now

Milo

3220 Duval RdAustin, TX 78759
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Twelve100
$984 - $1,971
Total Monthly Price

Total Monthly Price

Base Rent
$984 - $1,971
Total Monthly Price
$984 - $1,971
1 to 3 Bedroom Apartments Available Now

Twelve100

12100 Metric BlvdAustin, TX 78758
Student Housing
  • Verified
  • Customer Reviewed
  • Low Income
property at 2320 Gracy Farms Ln

$990

1 Bedroom, 1 Bath Rentals

Available Now

823

2320 Gracy Farms Ln
AustinTX78758

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

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 3

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 Wind River Crossing priced from $611. Keystone has the second lowest priced unit, which is a 1 Bed apartment currently listed from $630. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Wind River Crossingxwra11BR,1BA$611
Keystone1B1BR,1BA$630
Village OaksValley1BR,1BA$815
Great HillsThe Zilker1BR,1BA$850
Twenty15A11BR,1BA$877
MAA Quarry Oaks11A-FP1BR,1BA$878
Canyon CreekBull Creek1BR,1BA$880
The Olivine1B1B1BR,1BA$904
MAA Balcones WoodsBeaumont1BR,1BA$909
Cottages at Wells BranchA21BR,1BA$945

Best Value Apartments for Rent in Milwood, TX

As of August 20, 2026 the best value apartment in the Milwood area is the $1.34 price per square foot 2A Model at Keystone in the in the Milwood neighborhood starting from $1,262. The second greatest value Milwood apartment is the 2 Bedroom 2 Bathroom B-2 Model at Trails of Walnut Creek starting at $1,200 with a $1.31 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.
Keystone2A2BR,2BA$1.34
Trails of Walnut Creek2 Bedroom 2 Bathroom B-22BR,2BA$1.31
MAA Balcones WoodsEl Paso2BR,1BA$1.41
Park at Summers Grove29-1/1b1BR,1BA$1.39
The WaymanA31BR,1BA$1.40
The Olivine1B1B1BR,1BA$1.22
High OaksWillow1BR,1BA$1.40
Northland at the ArboretumThe Perry Classic1BR,1BA$1.42
MAA Quarry Oaks11A-FP1BR,1BA$1.42
Wind River Crossingxwra11BR,1BA$1.27

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 the Cheapest Studio apartment in Milwood?

Currently the most affordable Cheap Studio Apartment in Milwood is at Magnolia Scofield Ridge listed at $1,069.

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

The lowest price for a Cheap One Bedroom Milwood Apartment is $611 at Wind River Crossing.

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 $891 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 $1,560.

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

decorative image for Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals article

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

decorative image for Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City article

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Written by: Raul Mercado

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

decorative image for The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX article

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

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

Written by: Raul Mercado

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

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.