
Cheap Apartments for Rent in the Parker Lane Neighborhood of Austin, TX from $600 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parker Lane area of Austin.


Total Monthly Price
Lyv Austin

1901 Crossing Pl, Unit 3203

Point South and Bridgehollow

Coppertree Apartment Homes

Whisper Hollow

High Point Village

Treehouse Apartments

Paradise Oaks Apartments

Lexington Hills
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The Aspect

Room in Townhome on Timber Brush Trail

Hillside Creek

Burl Apartments

2507 Burleson Rd, Unit 102

1720 Woodward St, Unit 210

Polaris on the Park

Ellie Apartments

Vi Collina

2500 Burleson Rd
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.

2319 Greenfield Pkwy

Total Monthly Price
Oltera in SoEast

Forest Creek Apartments

Parker Lane Apartments

Total Monthly Price
Azul Lakeshore

2414 Ventura Dr

Total Monthly Price
The Zoey

Edison Austin

2004 Kirksey Dr, Unit D

Patten East
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Array

Verde Apartments

Aero Riverside

Hillside Place

South Shore

Trio

Point South

Chandelier

Acclaim at South Congress

2124 Burton Dr
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Montecito

Daffodil Apartments

Avonmora Apartments

Mariposa Flats

4500 E Oltorf St

2500 Burleson Rd, Unit 210

Burl North

2500 Burleson Rd, Unit 609

2809 Parker Ln

2215 Mission Hill Dr
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Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.
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 | $1,144 | $694 | $1,673 |
| Parker Lane 1 Bedroom Apartments | $1,094 | $649 | $2,600 |
| Parker Lane 2 Bedroom Apartments | $1,331 | $899 | $2,710 |
| Parker Lane 3 Bedroom Apartments | $1,703 | $1,299 | $3,148 |
| Parker Lane 4 Bedroom Apartments | $1,607 | $1,299 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 60 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 Array priced from $642. 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 |
|---|---|---|---|
| Array | The 700 | 1BR,1BA | $642 |
| Point South and Bridgehollow | Efficiency | Studio,1BA | $694 |
| Coppertree Apartment Homes | Coventry | 1BR,1BA | $699 |
| Patten East | 1x1D | 1BR,1BA | $726 |
| Whisper Hollow | One Bed / One Bath | 1BR,1BA | $775 |
| Treehouse Apartments | The 408 | Studio,1BA | $783 |
| Aero Riverside | A2 | 1BR,1BA | $789 |
| South Shore | The Oasis: 1/1 at Avesta South Shore | 1BR,1BA | $799 |
| Chevy Chase Downs | 1BR/1BA | 1BR,1BA | $799 |
| Paradise Oaks Apartments | A1 | 1BR,1BA | $799 |
Best Value Apartments for Rent in Parker Lane, TX
As of June 20, 2026 the best value apartment in the Parker Lane area is the $1.19 price per square foot The 1427 Model at Array in the in the South River City neighborhood starting from $1,702. The second greatest value Parker Lane apartment is the 4 Bed, 2 Bath (60% Income Restricted) Model at Avonmora Apartments starting at $1,656 with a $1.16 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 1427 | 3BR,2BA | $1.19 |
| Avonmora Apartments | 4 Bed, 2 Bath (60% Income Restricted) | 4BR,2BA | $1.16 |
| The Aspect | C1R | 3BR,2BA | $1.19 |
| 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 | $1.26 |
| Forest Creek Apartments | 2 Bedroom B1 | 2BR,2BA | $1.17 |
| South Shore | The Oasis: 1/1 at Avesta South Shore | 1BR,1BA | $1.14 |
| Hillside Place | A1 | 1BR,1BA | $1.25 |
| Patten East | 1x1D | 1BR,1BA | $1.26 |
Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
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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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Array which is listed at $642, while the average apartment in Parker Lane costs $1,600.
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 64 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 $377 which is $1,223 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.
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Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.