
Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $599 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parker Lane area of Austin.


1901 Crossing Pl, Unit 2203

Room in Condo on Crossing Pl

Chevy Chase Downs

Point South and Bridgehollow

Coppertree Apartment Homes

Treehouse Apartments

High Point Village

2319 Greenfield Pkwy

Hillside Creek
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Vi Collina

Paradise Oaks Apartments

Lexington Hills

Montecito

Burl Apartments

Whisper Hollow

2414 Ventura Dr

Acclaim at South Congress

2507 Burleson Rd, Unit 102

Total Monthly Price
Trio
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Ellie Apartments

1720 Woodward St, Unit 210

Forest Creek Apartments

The Social

Total Monthly Price
Lyv Austin

2500 Burleson Rd, Unit 609

2208 Mission Hill Dr

Total Monthly Price
3003 Parker Ln

2209 Mission Hill Dr

Douglas Landing Apartment Homes
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Polaris on the Park

The Aspect

Total Monthly Price
Oltera in SoEast

Total Monthly Price
2500 Burleson Rd, Unit Apt 519

Parker Lane Apartments

Total Monthly Price
Azul Lakeshore

2004 Kirksey Dr

Emerson Apartments at Town Lake

Patten East

South Shore
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Aero Riverside

3005 Parker Ln

Hillside Place

1705 Crossing Pl

2500 Burleson Rd

Point South

2124 Burton Dr

2809 Parker Ln

Altura

4500 E Oltorf St
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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 | $1,113 | $694 | $1,631 |
| Parker Lane 1 Bedroom Apartments | $1,061 | $699 | $2,575 |
| Parker Lane 2 Bedroom Apartments | $1,292 | $785 | $2,634 |
| Parker Lane 3 Bedroom Apartments | $1,630 | $1,299 | $2,474 |
| Parker Lane 4 Bedroom Apartments | $1,664 | $1,299 | $2,221 |
Browse Apartments in this Neighborhood
There are currently 63 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
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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 Studio unit found at Emerson Apartments at Town Lake priced from $599. Point South and Bridgehollow has the second lowest priced unit, which is a Studio apartment currently listed from $694. Here are the most affordable Parker Lane apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerson Apartments at Town Lake | StudioER | Studio, 1BA | $599 |
| Point South and Bridgehollow | Efficiency | Studio, 1BA | $694 |
| Coppertree Apartment Homes | Coventry | 1BR, 1BA | $699 |
| Treehouse Apartments | The 408 | Studio, 1BA | $715 |
| High Point Village | One Bed / One Bath | 1BR, 1BA | $720 |
| Hillside Creek | A3 | 1BR, 1BA | $751 |
| Aero Riverside | A1 | 1BR, 1BA | $774 |
| Grace Woods | A2 | 1BR, 1BA | $775 |
| Vi Collina | B2 | 2BR, 2BA | $785 |
| Paradise Oaks Apartments | A1 | 1BR, 1BA | $799 |
Best Value Apartments for Rent in Parker Lane, TX
As of September 19, 2026 the best value apartment in the Parker Lane area is the $1.16 price per square foot D1 Model at Paradise Oaks Apartments in the Oltorf-East Riverside neighborhood starting from $1,550. The second greatest value Parker Lane apartment is the 3 Bedroom 2 Bath Model at Acclaim at South Congress in the Riverside neighborhood starting at $1,299 with a $1.05 price per square foot. 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. |
|---|---|---|---|
| Paradise Oaks Apartments | D1 | 4BR, 2BA | $1.16 |
| Acclaim at South Congress | 3 Bedroom 2 Bath | 3BR, 2BA | $1.05 |
| Lyv Austin | B4 | 2BR, 2BA | $1.33 |
| Forest Creek Apartments | 2 Bedroom B2 | 2BR, 2BA | $1.07 |
| Douglas Landing Apartment Homes | 2 Bedroom- 60% | 2BR, 2BA | $1.09 |
| South Shore | The Villa: 2/2 (948) at South Shore | 2BR, 2BA | $1.16 |
| Polaris on the Park | 2 Bedroom | 2BR, 1.5BA | $1.16 |
| Chevy Chase Downs | 1BR/1BA | 1BR, 1BA | $1.18 |
| Hillside Place | A1 | 1BR, 1BA | $1.25 |
| Point South and Bridgehollow | Efficiency | Studio, 1BA | $1.33 |
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Read ArticleQuick 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.
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!
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 Emerson Apartments at Town Lake which is listed at $649, while the average apartment in Parker Lane costs $1,089.
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 71 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 $281 which is $808 cheaper than the average rent for all rentals in Parker Lane.
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

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