
Cheap Homes for Rent in Milwood Neighborhood of Austin, TX from $400 (40 Rentals)
Search the lowest-cost Homes available for rent right now in the Milwood area of Austin.


4805 Rustown Dr

11906 Alpheus Ave

2320 Gracy Farms Ln

10001 N Capital of Texas Hwy

10001 N Capital of Texas Hwy

12166 Metric Blvd

2320 Gracy Farms Ln
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.

12331 Alderbrook Dr

2114 Cedar Bend Dr

12213 Tyson Cove

1809 Prairie Knoll Ct

2213 Singletree Ave

12302 Patron Dr

11919 Sunhillow Bend

11948 Sunhillow Bend
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.

12212 Alderbrook Dr

1411 Gracy Farms Ln

12003 Arrowwood Dr

4300 Duval Rd

12309 Dellrey Dr

12307 Patron Dr

11800 Alpheus Ave

11401 Ptarmigan Dr, Unit B
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.

3100 Scofield Ridge Pkwy

3201 Esperanza Crossing

1802 Prairie Knoll Ct

4500 Dorsett Oaks Cir

4504 Brown Bark Pl

11444 Ptarmigan Dr

11405 Ptarmigan Dr

11308 Ptarmigan Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Furnished Studio-Austin - Northwest-Arboretum

11429 Ptarmigan Dr

1916 Gracy Farms Ln

12216 Tyson Cove

4415 Whispering Valley Dr

4407 Limewood Ct

4400 Switch Willo

11901 Swearingen Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,605 | $1,000 | $2,900 |
| Milwood 3 Bedroom Homes for Rent | $2,438 | $1,500 | $4,250 |
| Milwood 4 Bedroom Homes for Rent | $2,790 | $2,100 | $5,000 |
| Milwood 5 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Milwood Neighborhood of Austin, TX.
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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 $696. The Fielder has the second lowest priced unit, which is a 1 Bed apartment currently listed from $708. Here are the most affordable Milwood apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Keystone | 1A | 1BR,1BA | $696 |
| The Fielder | A1 - Income Restricted | 1BR,1BA | $708 |
| Madison Northridge | A1 | 1BR,1BA | $715 |
| Walnut Creek Crossing | A1 | 1BR,1BA | $724 |
| Milo | Eff | Studio,1BA | $774 |
| Studio Domain | S1 | Studio,1BA | $795 |
| Henry Heights | 1X1A | 1BR,1BA | $797 |
| The Barstow | A2 - Income Restricted | 1BR,1BA | $802 |
| Great Hills | The Zilker | 1BR,1BA | $805 |
| Canyon Creek | Bull Creek | 1BR,1BA | $805 |
Best Value Apartments for Rent in Milwood, TX
As of February 18, 2026 the best value apartment in the Milwood area is the $1.37 price per square foot C1 Model at Beck at Wells Branch in the in the Milwood neighborhood starting from $1,945. The second greatest value Milwood apartment is the 4504 Dorsett Oaks Cir Model at 4504 Dorsett Oaks Cir, Unit A starting at $1,750 with a $1.35 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. |
|---|---|---|---|
| Beck at Wells Branch | C1 | 3BR,2BA | $1.37 |
| 4504 Dorsett Oaks Cir, Unit A | 4504 Dorsett Oaks Cir | 3BR,2BA | $1.35 |
| The Estate on Quarry Lake Apartment Homes | Addison A4 | 1BR,1BA | $1.45 |
| The Wayman | B1R | 1BR,1BA | $1.23 |
| Keystone | 2A | 2BR,2BA | $1.45 |
| Park at Summers Grove | 29-1/1b | 1BR,1BA | $1.39 |
| The Olivine | 1B1B | 1BR,1BA | $1.28 |
| Elysium Grand LLP | A1 | 1BR,1BA | $1.42 |
| MAA Quarry Oaks | 11A-FP | 1BR,1BA | $1.44 |
| Walnut Creek Crossing | A1 | 1BR,1BA | $1.43 |
Frequently Asked Questions about Milwood
What type of rentals are currently available in Milwood?
There are currently 115 Apartments for Rent in Milwood, TX with pricing that ranges from $700 to $14,018. There are also 154 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milwood ranging from $490 to $5,000.
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 $490 to $5,000 with an average monthly rent of $2,120.
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
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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.

Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas
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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
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Articles, How-To's, and Tips

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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.

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Renting your next home can feel thrilling and overwhelming at the same time.

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Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.