Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $600 (61 Rentals)

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

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property at 2401 E Oltorf St

2401 E Oltorf St

AustinTX78741
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Whisper Hollow
Studio to 2 Bedroom Apartments

Whisper Hollow

3300 Parker LnAustin, TX 78741
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Trio
1 to 2 Bedroom Apartments

Trio

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

South Shore

2005 Willow Creek DrAustin, TX 78741
Student Housing
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Array
1 to 3 Bedroom Apartments

Array

2101 Burton DrAustin, TX 78741
Corporate Housing
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Aero Riverside
1 to 2 Bedroom Apartments

Aero Riverside

2201 Willow Creek DrAustin, TX 78741
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Chandelier
1 to 2 Bedroom Apartments

Chandelier

2336 Douglas StAustin, TX 78741

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Alister Apartments
Studio to 2 Bedroom Apartments

Alister Apartments

1845 Burton 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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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
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Mariposa Flats
Studio to 1 Bedroom Apartments

Mariposa Flats

1901 Mariposa DrAustin, TX 78741

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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 Verde Apartments priced from $650. Hillside Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Parker Lane apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Verde ApartmentsA21BR,1BA$650
Hillside PlaceA11BR,1BA$650
Vi CollinaA11BR,1BA$674
Hillside CreekA11BR,1BA$696
Forest Creek Apartments1 Bedroom A21BR,1BA$699
Chevy Chase Downs1BR/1BA1BR,1BA$699
Treehouse ApartmentsThe 408Studio,1BA$768
The Social ApartmentsThe Chiller1BR,1BA$768
ArrayThe 7001BR,1BA$768
Aero RiversideA21BR,1BA$770

Best Value Apartments for Rent in Parker Lane, TX

As of November 16, 2025 the best value apartment in the Parker Lane area is the $1.10 price per square foot 2708 Saint Edwards Cir Model at 2708 Saint Edwards Cir, Unit A in the in the Riverside neighborhood starting from $1,695. The second greatest value Parker Lane apartment is the D1 Model at Paradise Oaks Apartments starting at $1,750 with a $1.31 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.
2708 Saint Edwards Cir, Unit A2708 Saint Edwards Cir2BR,1BA$1.10
Paradise Oaks ApartmentsD14BR,2BA$1.31
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Avonmora Apartments3 Bed, 2 Bath (80% Income Restricted)3BR,2BA$0.99
The Metropolis ApartmentsB22BR,2BA$1.21
South ShoreThe Villa: 2/2 (948) at South Shore2BR,2BA$1.05
Hillside CreekB12BR,2BA$1.22
Forest Creek Apartments2 Bedroom B12BR,2BA$1.30
Vi CollinaB22BR,2BA$1.22
The Social ApartmentsThe Chiller1BR,1BA$1.22

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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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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

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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.

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Pet Friendly Lifestyle
Parker Lane, Austin, TX

Ranked #129

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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!

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

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 $770.

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

The cheapest apartment in Parker Lane is Verde Apartments which is listed at $650, while the average apartment in Parker Lane costs $1,750.

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 150 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 $858 which is $892 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.

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The 10 Best Affordable Neighborhoods in Austin, TX

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

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