
Cheap Homes for Rent in Milwood Neighborhood of Austin, TX from $400 (85 Rentals)
Search the lowest-cost Homes available for rent right now in the Milwood area of Austin.


2311 Galway St, Unit Galway, Unit Galway

3220 Duval Rd, Unit 0812

10926 Jollyville Rd, Unit 1217

13005 Heinemann Dr, Unit 11-1110

11316 Jollyville Rd, Unit 3003

10001 N Capital of Texas Hwy, Unit 351

11900 Hobby Horse Ct, Unit 1335

2015 Cedar Bend Dr, Unit 0943

12166 Metric Blvd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

11906 Alpheus Ave

12330 Metric Blvd, Unit 3111

11028 Jollyville Rd, Unit 20731

2000 Cedar Bend Dr, Unit 10305

12001 Metric Blvd, Unit 401

11701 Metric Blvd, Unit 0212

11700 Metric Blvd, Unit 1303

11266 Taylor Draper Ln, Unit 0811

12345 Lamplight Village Ave, Unit 0235

10610 Morado Cir, Unit 3528
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

114111 Research Blvd, Unit 0113

10010 N Capital of Texas Hwy, Unit 067

2015 Cedar Bend Dr, Unit 0329

2601 Scofield Ridge Pkwy, Unit A625

12113 Metric Blvd, Unit 1033

2015 Cedar Bend Dr, Unit Apartment

3201 Century Park Blvd, Unit 0934

2700 Gracy Farms Ln, Unit 3239

1266 Taylor Draper Ln, Unit 211

2015 Cedar Bend Dr, Unit 0329
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2015 Cedar Bend Dr, Unit 1147

11500 Jollyville Rd, Unit 1013

4301 Acropolis Ct

2600 Gracy Farms Ln, Unit 1124

9617 Great Hills Trl, Unit 0513

5400 W Parmer Ln, Unit 0829

11900 Alpheus Ave

2015 Cedar Bend Dr, Unit 0727

2015 Cedar Bend Dr, Unit 0148

11915 Stonehollow Dr, Unit 1023
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

3625 Duval Rd, Unit 29-2923

12100 Metric Blvd, Unit 1023

3300 Oak Creek Dr, Unit 0711

3401 W Parmer Ln, Unit 735

12430 Metric Blvd, Unit 9205

2320 Gracy Farms Ln

2015 Cedar Bend Dr, Unit 0828

13201 Legendary Dr, Unit 11208

2015 Cedar Bend Dr, Unit 1143

2015 Cedar Bend Dr, Unit 0721
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.
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 | $1,608 | $900 | $2,700 |
| Milwood 3 Bedroom Homes for Rent | $2,591 | $1,525 | $5,250 |
| Milwood 4 Bedroom Homes for Rent | $2,660 | $750 | $4,350 |
Browse Homes for Rent in this Neighborhood
There are currently 85 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 Keystone priced from $621. Wind River Crossing 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Keystone | 1A | 1BR,1BA | $621 |
| Wind River Crossing | xwra1 | 1BR,1BA | $704 |
| Canyon Creek | Bull Creek | 1BR,1BA | $805 |
| Great Hills | The Zilker | 1BR,1BA | $805 |
| Village Oaks | Willow | 1BR,1BA | $825 |
| MAA Balcones Woods | Beaumont | 1BR,1BA | $833 |
| High Oaks | Poppy | 1BR,1BA | $845 |
| Twenty15 | A1 | 1BR,1BA | $877 |
| Museo and Channings Mark | Channings Mark - A1 | 1BR,1BA | $879 |
| Beck at Wells Branch | A1 | 1BR,1BA | $899 |
Best Value Apartments for Rent in Milwood, TX
As of May 22, 2026 the best value apartment in the Milwood area is the $1.43 price per square foot C Model at The Springs Garden Homes in the in the Milwood neighborhood starting from $1,636. The second greatest value Milwood apartment is the 2A Model at Keystone starting at $1,263 with a $1.34 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. |
|---|---|---|---|
| The Springs Garden Homes | C | 2BR,2BA | $1.43 |
| Keystone | 2A | 2BR,2BA | $1.34 |
| Village Oaks | Evergreen | 2BR,1BA | $1.30 |
| Park at Summers Grove | 29-1/1b | 1BR,1BA | $1.39 |
| The Wayman | A2 | 1BR,1BA | $1.27 |
| The Olivine | 1B1B | 1BR,1BA | $1.32 |
| Beck at Wells Branch | A1 | 1BR,1BA | $1.29 |
| Renaissance at North Bend | Azalea | 1BR,1BA | $1.38 |
| Canyon Creek | Bull Creek | 1BR,1BA | $1.45 |
| Wind River Crossing | xwra1 | 1BR,1BA | $1.47 |
Frequently Asked Questions about Milwood
What type of rentals are currently available in Milwood?
There are currently 97 Apartments for Rent in Milwood, TX with pricing that ranges from $653 to $14,018. There are also 182 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwood ranging from $450 to $5,250.
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 $450 to $5,250 with an average monthly rent of $1,929.
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

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

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin
Written by: Raul Mercado
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.

Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas
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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.