
Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $600 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parker Lane area of Austin.


Point South and Bridgehollow

Treehouse Apartments

Hillside Creek

Forest Creek Apartments

Chevy Chase Downs

Emerson Apartments

Whisper Hollow

Total Monthly Price
Lyv Austin

Ellie 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.

Acclaim at South Congress

High Point Village

Paradise Oaks Apartments

Lexington Hills

The Social Apartments

Total Monthly Price
Oltera in SoEast

2414 Ventura Dr

Vi Collina

2500 Burleson Rd

Parker Lane 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.

The Aspect

Total Monthly Price
Azul Lakeshore

Total Monthly Price
The Zoey

Edison Austin

2717 Parker Ln

2004 Kirksey Dr, Unit D, Unit D

1901 Crossing Pl

Array

Patten East

Alister Apartments
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.

Verde Apartments

Aero Riverside

Hillside Place

Chandelier

South Shore

Point South

Montecito

Burl Apartments

Trio

Daffodil 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.

The Metropolis Apartments

Polaris on the Park - Renovated Apartments. Best prices in South Austin.

2124 Burton Dr

Mariposa Flats

Avonmora Apartments

Burl North

2215 Mission Hill Dr

1705 Crossing Pl

2500 Burleson Ct

1601 Faro Dr
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.
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 | $1,050 | $674 | $1,673 |
| Parker Lane 1 Bedroom Apartments | $1,072 | $649 | $2,600 |
| Parker Lane 2 Bedroom Apartments | $1,331 | $949 | $2,695 |
| Parker Lane 3 Bedroom Apartments | $1,626 | $1,299 | $3,483 |
| Parker Lane 4 Bedroom Apartments | $1,671 | $1,399 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 54 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 1 Bed unit found at Coppertree priced from $649. Array has the second lowest priced unit, which is a 1 Bed apartment currently listed from $672. Here are the most affordable Parker Lane apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Coppertree | Coventry | 1BR,1BA | $649 |
| Array | The 700 | 1BR,1BA | $672 |
| Point South and Bridgehollow | Efficiency | Studio,1BA | $674 |
| Patten East | 1x1C | 1BR,1BA | $677 |
| Hillside Creek | A1 | 1BR,1BA | $681 |
| Alister Apartments | Studio | Studio,1BA | $695 |
| Chevy Chase Downs | 1BR/1BA | 1BR,1BA | $699 |
| Forest Creek Apartments | 1 Bedroom A1 | 1BR,1BA | $700 |
| Emerson Apartments | STUDIO | Studio,1BA | $701 |
| Verde Apartments | A3 | 1BR,1BA | $799 |
Best Value Apartments for Rent in Parker Lane, TX
As of April 19, 2026 the best value apartment in the Parker Lane area is the $1.10 price per square foot The 1387 Model at Array in the in the South River City neighborhood starting from $1,528. The second greatest value Parker Lane apartment is the D1 Model at Paradise Oaks Apartments starting at $1,650 with a $1.24 price per square foot in the Oltorf-East Riverside 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. |
|---|---|---|---|
| Array | The 1387 | 3BR,2BA | $1.10 |
| Paradise Oaks Apartments | D1 | 4BR,2BA | $1.24 |
| Douglas Landing Apartment Homes | 3 Bedroom- 60% | 3BR,2BA | $1.21 |
| Treehouse Apartments | The 967 | 1BR,1BA | $1.19 |
| The Metropolis Apartments | B2 - Vaulted | 2BR,2BA | $1.26 |
| Hillside Creek | B1 | 2BR,2BA | $1.13 |
| Forest Creek Apartments | 2 Bedroom B1 | 2BR,2BA | $1.17 |
| Acclaim at South Congress | 1 Bedroom 1 Bath | 1BR,1BA | $1.13 |
| South Shore | The Oasis: 1/1 at Avesta South Shore | 1BR,1BA | $1.21 |
| Hillside Place | A1 | 1BR,1BA | $1.25 |
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.
Read ArticleWork-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleLocal 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
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 Coppertree which is listed at $649, while the average apartment in Parker Lane costs $1,650.
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 148 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 $673 which is $977 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

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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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.