Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $500 (40 Rentals)

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

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.

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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.

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Whisper Hollow
Studio to 2 Bedroom Apartments

Whisper Hollow

3300 Parker LnAustin, TX 78741
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Array
1 to 3 Bedroom Apartments

Array

2101 Burton DrAustin, TX 78741
Corporate Housing
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South Shore
Studio to 2 Bedroom Apartments

South Shore

2005 Willow Creek DrAustin, TX 78741
Student Housing

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.

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Chandelier
1 to 2 Bedroom Apartments

Chandelier

2336 Douglas StAustin, TX 78741
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Trio
1 to 2 Bedroom Apartments

Trio

2317 S Pleasant Valley RdAustin, TX 78741
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Alister Apartments
Studio to 2 Bedroom Apartments

Alister Apartments

1845 Burton DrAustin, TX 78741
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Aero Riverside
1 to 2 Bedroom Apartments

Aero Riverside

2201 Willow Creek DrAustin, TX 78741
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Point South
Studio to 4 Bedroom Apartments

Point South

2200 Willow Creek DrAustin, TX 78741
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Montecito
1 to 2 Bedroom Apartments

Montecito

3111 Parker LnAustin, TX 78741

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.

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Burl Apartments
1 to 2 Bedroom Apartments

Burl Apartments

2414 Ventura DrAustin, TX 78741
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High Point Village
1 to 2 Bedroom Apartments

High Point Village

2400 Wickersham LnAustin, TX 78741
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Daffodil Apartments
2 Bedroom Apartments

Daffodil Apartments

6009 Daffodil DrAustin, TX 78744
  • Utilities Included
property at 2124 Burton Dr

$950 - $1,150

Studio To 1 Bedroom Rentals

Available Now

2124 Burton Dr

AustinTX78741

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.

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Showing Results 1-40, Page 1 of 1

Parker Lane, Austin, TX Local Guide

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 Array priced from $581. The Patten West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Parker Lane apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
ArrayThe 7001BR,1BA$581
The Patten West11AL1BR,1BA$699
Forest Creek Apartments1 Bedroom A21BR,1BA$699
Chevy Chase Downs1BR/1BA1BR,1BA$699
CoppertreeCoventry1BR,1BA$699
Hillside CreekA11BR,1BA$713
ChandelierA11BR,1BA$727
TrioA11BR,1BA$737
Treehouse ApartmentsThe 6011BR,1BA$739
Patten East1x1C1BR,1BA$755

Best Value Apartments for Rent in Parker Lane, TX

As of January 09, 2026 the best value apartment in the Parker Lane area is the $1.24 price per square foot The 1427 Model at Array in the in the South River City neighborhood starting from $1,772. The second greatest value Parker Lane apartment is the 4 Bed, 2.5 Bath (60% Income Restricted) Model at Avonmora Apartments starting at $1,761 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 ListingModel NameBed/BathPrice Per Sq.Ft.
ArrayThe 14273BR,2BA$1.24
Avonmora Apartments4 Bed, 2.5 Bath (60% Income Restricted)4BR,2.5BA$1.24
Paradise Oaks ApartmentsD14BR,2BA$1.31
Polaris on the Park - Renovated Apartments. Best prices in South Austin.Townhouse2BR,1BA$1.42
The Social ApartmentsThe Mixer2BR,1BA$1.09
Forest Creek Apartments2 Bedroom B12BR,2BA$1.30
South ShoreThe Bungalow: 2/1 (800) South Shore2BR,1BA$1.41
Hillside CreekA11BR,1BA$1.18
ChandelierA11BR,1BA$1.38
Chevy Chase Downs1BR/1BA1BR,1BA$1.33

Work-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.

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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

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.

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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.

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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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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 $755.

What is the price of a cheap apartment in Parker Lane?

The cheapest apartment in Parker Lane is Array which is listed at $596, while the average apartment in Parker Lane costs $1,850.

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 175 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 $772 which is $1,078 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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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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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.

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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.

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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

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!