
Cheap Homes for Rent in Milwood Neighborhood of Austin, TX from $700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Milwood area of Austin.


10001 N Capital of Texas Hwy

10001 N Capital of Texas Hwy

11907 Alpheus Ave

12166 Metric Blvd

11906 Alpheus Ave

10001 N Capital of Texas Hwy

10001 N Capital of Texas Hwy

4304 Duval Rd

3201 Esperanza Crossing

2320 Gracy Farms Ln

11435 Ptarmigan Dr

2010 Leeann Dr

12802 Tomanet Trail

12307 Patron Dr

12818 Copper Cliff Ave

12805 Broughton Way

1602 W Braker Ln

4208 Duval Rd

4208 Duval Rd

11906 Sunhillow Bend

12809 Copper Cliff Ave

11952 Sunhillow Bend

4402 Limewood Ct

1411 Gracy Farms Ln
Milwood, Austin, TX Local Guide

How much does it cost to rent a home in Milwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Milwood 2 Bedroom Homes for Rent | $1,734 | $1,050 | $2,900 |
Milwood 3 Bedroom Homes for Rent | $2,292 | $1,450 | $4,250 |
Milwood 4 Bedroom Homes for Rent | $2,566 | $1,995 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Milwood Neighborhood of Austin, TX.
Explore Austin
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 $749. The Barstow Lincoln Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Milwood apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Fielder | A1AFF | 1BR,1BA | $749 |
The Barstow Lincoln Oaks | A1AFF | 1BR,1BA | $799 |
Trails of Walnut Creek | 1 Bedroom 1 Bathroom A-1 | 1BR,1BA | $799 |
Milo | A1 | 1BR,1BA | $805 |
Walnut Creek Crossing | A1 | 1BR,1BA | $820 |
Village Oaks | Valley | 1BR,1BA | $860 |
Wind River Crossing | xwra1 | 1BR,1BA | $893 |
Great Hills | The Zilker | 1BR,1BA | $895 |
Madison Northridge | A1 | 1BR,1BA | $900 |
Melrose Trail Apartments | A3R | 1BR,1BA | $900 |
Best Value Apartments for Rent in Milwood, TX
As of July 25, 2025 the best value apartment in the Milwood area is the $1.45 price per square foot 2A Model at Marquis at Great Hills in the in the Milwood neighborhood starting from $1,782. The second greatest value Milwood apartment is the Bonnell Model at Madison at the Arboretum starting at $1,670 with a $1.46 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Marquis at Great Hills | 2A | 2BR,2BA | $1.45 |
Madison at the Arboretum | Bonnell | 2BR,2BA | $1.46 |
The Olivine | 2B2B | 2BR,2BA | $1.20 |
MAA Quarry Oaks | 22A-FP | 2BR,2BA | $1.49 |
The Park at Walnut Creek | B2 | 2BR,2BA | $1.25 |
The Robinson on Melrose | B1 | 2BR,2BA | $1.17 |
Park at Summers Grove | 29-1/1c | 1BR,1BA | $1.35 |
Windsor Republic Place | A3 | 1BR,1BA | $1.53 |
Cottages at Wells Branch | A5 | 1BR,1BA | $1.52 |
The Wayman | A1 | 1BR,1BA | $1.36 |
Frequently Asked Questions about Milwood
What type of rentals are currently available in Milwood?
There are currently 118 Apartments for Rent in Milwood, TX with pricing that ranges from $799 to $11,671. There are also 163 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwood ranging from $700 to $4,500.
What is the current price range for Rental Homes in Milwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milwood ranges from $700 to $4,500 with an average monthly rent of $1,914.
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.

The 10 Best Affordable Neighborhoods in Austin, TX
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I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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.

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.

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.