Cheap Homes for Rent in Milwood Neighborhood of Austin, TX from $700 (31 Rentals)

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

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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

Frequently Asked Questions about Milwood

What type of rentals are currently available in Milwood?

There are currently 117 Apartments for Rent in Milwood, TX with pricing that ranges from $649 to $13,125. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwood ranging from $700 to $5,248.

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 $5,248 with an average monthly rent of $1,900.

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.

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