
Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parker Lane area of Austin.


1901 Crossing Pl, Unit 2203

Emerson Apartments

South Shore

Coppertree

Hillside Creek

The Patten West

2314 Parker Ln
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.

2314 Greenfield Pkwy

1901 Crossing Pl

The Patten East

Forest Creek Apartments
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.

Paradise Oaks Apartments

The Social Apartments

Point South and Bridgehollow

The Metropolis Apartments

1901 Crossing Pl

Oltera in SoEast

1901 Crossing Pl

2500 Burleson Ct

1901 Crossing Pl
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.

1901 Crossing Pl

Mariposa Flats

Polaris on the Park - Renovated Apartments

Treehouse Apartments

Acclaim at South Congress

2314 Parker Ln
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2314 Greenfield Pkwy

2500 Burleson Rd

2314 Parker Ln
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado
Parker Lane, Austin, TX Local Guide

How much does it cost to rent an apartment in Parker Lane?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parker Lane Studio Apartments | $1,165 | $727 | $2,169 |
Parker Lane 1 Bedroom Apartments | $1,220 | $639 | $2,749 |
Parker Lane 2 Bedroom Apartments | $1,406 | $770 | $2,799 |
Parker Lane 3 Bedroom Apartments | $1,721 | $893 | $2,632 |
Parker Lane 4 Bedroom Apartments | $2,985 | $1,549 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Parker Lane Neighborhood of Austin, TX.
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Parker Lane, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
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Cheapest Available Parker Lane Apartments for Rent
 The cheapest available apartment rental in the Parker Lane area of Austin, TX is a 1 Bed unit found at Grace Woods priced from $674. Emerson Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $727. Here are the most affordable Parker Lane apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grace Woods | A3 | 1BR,1BA | $674 |
Emerson Apartments | STUDIO | Studio,1BA | $727 |
Coppertree | Camden | 1BR,1BA | $729 |
Hillside Creek | A3 | 1BR,1BA | $736 |
The Patten West | 11AL | Studio,1BA | $749 |
Parker Lane Apartments | Two Bedroom | 2BR,2BA | $770 |
Aero Riverside | A4 | 1BR,1BA | $785 |
Treehouse Apartments | A1 | 1BR,1BA | $791 |
South Shore | The Oasis: 1/1 at Avesta South Shore | 1BR,1BA | $791 |
Chevy Chase Downs | 1BR/1BA | 1BR,1BA | $799 |
Best Value Apartments for Rent in Parker Lane, TX
As of July 11, 2025 the best value apartment in the Parker Lane area is the $1.47 price per square foot C1 | 3 Bed | 2 Bath Model at Sotol Riverside in the in the Oltorf-East Riverside neighborhood starting from $1,599. The second greatest value Parker Lane apartment is the B3 Model at Hillside Creek starting at $1,354 with a $1.30 price per square foot in the South River City neighborhood. Here is today’s list of the best values for Parker Lane apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sotol Riverside | C1 | 3 Bed | 2 Bath | 3BR,2BA | $1.47 |
Hillside Creek | B3 | 2BR,2BA | $1.30 |
Parker Lane Apartments | Two Bedroom | 2BR,2BA | $0.75 |
The Aspect | B2IR | 2BR,2BA | $1.28 |
Array | 1C | 1BR,1BA | $1.36 |
Polaris on the Park - Renovated Apartments | 1 Bedroom | 1BR,1BA | $1.39 |
South Shore | The Oasis: 1/1 at Avesta South Shore | 1BR,1BA | $1.13 |
Forest Creek Apartments | 1 Bedroom A1 | 1BR,1BA | $1.19 |
Altura | Crest - 1x1 - 660 sqft at Avesta Altura | 1BR,1BA | $1.51 |
Coppertree | Camden | 1BR,1BA | $1.50 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleParker Lane, Austin, TX
Ranked #117
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Lifestyle Ratings
Our team is proud to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Parker Lane, 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 proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Parker Lane Neighborhood in Austin, TX
Walk Score®
46 / 100
Car-Dependent
Most errands require a car
Bike Score®
58 / 100
Bikeable
Some bike infrastructure
Transit Score®
40 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Parker Lane Apartments
What is a cheap apartment in Parker Lane?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parker Lane is under $799.
What is the price of a cheap apartment in Parker Lane?
The cheapest apartment in Parker Lane is Grace Woods which is listed at $674, while the average apartment in Parker Lane costs $2,129.
What types of apartments are the cheapest in Parker Lane?
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 99 regular apartments in Parker Lane 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 Parker Lane?
Cheap apartments in Parker Lane have an average cost of $699 which is $1,430 cheaper than the average rent for all rentals in Parker Lane.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.