
Cheap Apartments for Rent in the North University Neighborhood of Austin, TX from $600 (81 Rentals)
Search the lowest-cost Apartments available for rent right now in the North University area of Austin.


Pinnacle 31

305 Flats

Fountain Terrace Apartments

3113 Benelva Dr

619 W 37th St

621 W 31st St

406 E 30th St

3816 Speedway

The Carrells Apartments
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.

Speedway 38

2711 Hemphill Park

Oasis at the Speedway

Cedar 31

2307 Rio Grande St

The Parker at Hyde Park

Monticello Apartments Hyde Park

The Kingston

Hyde Park Court Apartments
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.

Cedar Street Flats

The Sinclair

203 W 39th St, Unit 109

3115 Helms St, Unit 108, Unit 108

3121 Speedway

706 W 34th St

3404 1/2 Grooms St

114 E 31st St

2802 Nueces St, Unit 212, Unit 212

3108 Walling Dr, Unit C, Unit C
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.

3506 Speedway

VIP Apartments

Elmwood Apartments

Pepper Tree II

The Jacksonian

3000 Guadalupe St

Chimney Sweep Apartments

Greenwood Square

The Jocey

3206 King St, Unit 204, Unit 204
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.

2808 Whitis Ave

Studio 34

The 34 @ Helms

Longhorn Lofts

Hallmark Apartments

Casa 39

Sunwest 404 & 502

Pecan Square Apartments - Hyde Park

Popolo Village Apartments- Hyde Park

Castle Arms Apartments
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.
North University, Austin, TX Local Guide

How much does it cost to rent an apartment in North University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North University Studio Apartments | $1,874 | $875 | $10,000+ |
| North University 1 Bedroom Apartments | $1,232 | $895 | $1,998 |
| North University 2 Bedroom Apartments | $1,386 | $800 | $2,500 |
| North University 3 Bedroom Apartments | $1,430 | $830 | $3,000 |
| North University 4 Bedroom Apartments | $1,952 | $880 | $5,000 |
Browse Apartments in this Neighborhood
There are currently 81 rentals with your search options within a 2 mile radius of the North University Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Cheapest Available North University Apartments for Rent
 The cheapest available apartment rental in the North University area of Austin, TX is a Studio unit found at Pinnacle 31 priced from $875. Fountain Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable North University apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinnacle 31 | Efficiency | Studio,1BA | $875 |
| Fountain Terrace Apartments | S1 Upgraded | 1BR,1BA | $895 |
| 305 Flats | Studio - Classic | Studio,1BA | $895 |
| 621 W 31st St | Studio | Studio,1BA | $950 |
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $995 |
| Speedway 38 | Lucy's | 1BR,1BA | $999 |
| Oasis at the Speedway | Easy Tiger | 1BR,1BA | $1,025 |
| Cedar 31 | Cosmos | 1BR,1BA | $1,050 |
| Monticello Apartments Hyde Park | Model 1 | Studio,1BA | $1,095 |
| Melroy | Model 1 | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in North University, TX
As of May 21, 2026 the best value apartment in the North University area is the $0.61 price per square foot D3 Model at Point North in the in the East Austin neighborhood starting from $849. The second greatest value North University apartment is the B2 Model at Venue on Guadalupe starting at $1,225 with a $1.17 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for North University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Point North | D3 | 4BR,4BA | $0.61 |
| Venue on Guadalupe | B2 | 2BR,2BA | $1.17 |
| 1883 at Montgomery House Student Living | B1 | 2BR,2BA | $1.44 |
| Villas on Guadalupe | A2 Loft | 2BR,1BA | $1.66 |
| The Parker at Hyde Park | 1 Bed 1 Bath | 1BR,1BA | $1.51 |
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Cedar 31 | Cosmos | 1BR,1BA | $1.62 |
| Speedway 38 | Lucy's | 1BR,1BA | $1.92 |
| Oasis at the Speedway | Easy Tiger | 1BR,1BA | $2.05 |
| Fountain Terrace Apartments | A1 Upgraded | 1BR,1BA | $2.24 |
Frequently Asked Questions about Cheap North University Apartments
What is a cheap apartment in North University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North University is under $1,095.
What is the price of a cheap apartment in North University?
The cheapest apartment in North University is Fountain Terrace Apartments which is listed at $895, while the average apartment in North University costs $1,788.
What types of apartments are the cheapest in North University?
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 32 regular apartments in North University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
