Cheap Apartments for Rent in the North Lamar Neighborhood of Austin, TX from $500 (98 Rentals)

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

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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.

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

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North Lamar, Austin, TX Local Guide

Cheapest Available North Lamar Apartments for Rent

 

The cheapest available apartment rental in the North Lamar area of Austin, TX is a Studio unit found at The Palms on Lamar priced from $649. Hedge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $653. Here are the most affordable North Lamar apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The Palms on Lamar0X1Studio,1BA$649
Hedge ApartmentsSage - AF60Studio,1BA$653
Alma ApartmentsCORAZON - AF50Studio,1BA$660
Park Plaza1x1 (601 SqFt)1BR,1BA$665
VEER ApartmentsSwerve - AF60Studio,1BA$667
Creeks Edge ApartmentsA11BR,1BA$675
StarburstA1 | 1 Bed | 1 Bath1BR,1BA$688
Woodland HeightsA -1BR/1BA small1BR,1BA$699
Longspur CrossingAStudio,1BA$699
OrbitA1 | 1 Bed | 1 Bath1BR,1BA$715

Best Value Apartments for Rent in North Lamar, TX

As of April 27, 2026 the best value apartment in the North Lamar area is the $1.15 price per square foot B2 Model at Towne Oaks II in the in the Northwest Austin neighborhood starting from $1,250. The second greatest value North Lamar apartment is the B4 Model at Chevy Chase Apartments starting at $1,292 with a $1.22 price per square foot in the Northwest Austin neighborhood. Here is today’s list of the best values for North Lamar apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Towne Oaks IIB22BR,2BA$1.15
Chevy Chase ApartmentsB42BR,2BA$1.22
NorthchaseB1 Classic2BR,2BA$1.40
Chateau Avalon of AustinThe Chateau2BR,1BA$1.19
Arrowhead Park Apartments2BD 1BA2BR,1BA$1.30
Remington House ApartmentsA11BR,1BA$1.33
Villas de la PlazaA1BR,1BA$1.41
Park Plaza1x1 (601 SqFt)1BR,1BA$1.11
Creeks Edge ApartmentsA11BR,1BA$1.17
Woodland HeightsA -1BR/1BA small1BR,1BA$1.30

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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

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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.

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Pet Friendly Lifestyle
North Lamar, Austin, TX

Ranked #122

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
North Lamar, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including North Lamar, Austin, and the greater Austin area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap North Lamar Apartments

What is a cheap apartment in North Lamar?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Lamar is under $715.

What is the price of a cheap apartment in North Lamar?

The cheapest apartment in North Lamar is Park Plaza which is listed at $665, while the average apartment in North Lamar costs $2,495.

What types of apartments are the cheapest in North Lamar?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 103 regular apartments in North Lamar that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in North Lamar?

Cheap apartments in North Lamar have an average cost of $857 which is $1,638 cheaper than the average rent for all rentals in North Lamar.

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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