Cheap Apartments for Rent in the Rainey Street Neighborhood of Austin, TX from $575 (45 Rentals)

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

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Waterloo Flats
Rent Specials
$840 - $1,696

Total Monthly Price

Base Rent$840 - $1,696

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Waterloo Flats

1300 Pleasant Valley Rd SAustin, TX 78741
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Oltera in SoEast
Rent Specials
$1,068 - $1,944

Total Monthly Price

Base Rent$1,068 - $1,944

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Oltera in SoEast

4404 E Oltorf StAustin, TX 78741
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Azul Lakeshore
Rent Specials
$1,112 - $2,634

Total Monthly Price

Base Rent$1,112 - $2,634

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Oct 9

Azul Lakeshore

1201 Lady Bird LnAustin, TX 78741
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Urban East
Rent Specials
$1,148 - $2,732

Total Monthly Price

Base Rent$1,148 - $2,732

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Urban East

6400 E Riverside DrAustin, TX 78741
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Starlight
Rent Specials
$1,182 - $4,149

Total Monthly Price

Base Rent$1,182 - $4,149

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Starlight

2901 Manor RdAustin, TX 78722
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Platform
Rent Specials
$1,218 - $6,319

Total Monthly Price

Base Rent$1,218 - $6,319

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Platform

2823 E Martin Luther King Jr BlvdAustin, TX 78702
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The Zoey
Rent Specials
$1,253 - $3,149

Total Monthly Price

Base Rent$1,253 - $3,149

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Zoey

5700 E Riverside DrAustin, TX 78741
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Lakeshore Pearl
Rent Specials
$1,287 - $3,349

Total Monthly Price

Base Rent$1,287 - $3,349

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Lakeshore Pearl

2223 Waterloo City LnAustin, TX 78741
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The Bouldin
Rent Specials
$1,480 - $4,505

Total Monthly Price

Base Rent$1,480 - $4,505

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

The Bouldin

1401 S LamarAustin, TX 78704
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Railyard
Rent Specials
$1,636 - $3,832

Total Monthly Price

Base Rent$1,636 - $3,832

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Railyard

201-301 E 4th St EAustin, TX 78701
Transit Friendly
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Pressler Apartments
Rent Specials
$1,761 - $3,900

Total Monthly Price

Base Rent$1,761 - $3,900

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Pressler Apartments

507 Pressler StAustin, TX 78703
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The Waller
Rent Specials
$1,895 - $8,280

Total Monthly Price

Base Rent$1,895 - $8,280

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Waller

1104 Sabine StAustin, TX 78701
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Alexan Rivercrest
Rent Specials
$1,906 - $3,456

Total Monthly Price

Base Rent$1,906 - $3,456

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Alexan Rivercrest

1301 Parker LnAustin, TX 78741
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The Marlowe
$1,977 - $3,009

Total Monthly Price

Base Rent$1,977 - $3,009

Total Monthly Price$1,977 - $3,009
1 to 3 Bedroom Apartments Available Now

The Marlowe

1115 Town Creek DrAustin, TX 78741
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Muse at SoCo
Rent Specials
$2,099 - $3,708

Total Monthly Price

Base Rent$2,099 - $3,708

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Muse at SoCo

1007 S Congress AveAustin, TX 78704
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The Lola
Rent Specials
$2,170 - $3,770

Total Monthly Price

Base Rent$2,170 - $3,770

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

The Lola

1221 S Congress AveAustin, TX 78704
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Encore Lakeside
$2,230 - $6,750

Total Monthly Price

Base Rent$2,230 - $6,750

Total Monthly Price$2,230 - $6,750
1 to 3 Bedroom Apartments Available Now

Encore Lakeside

1120 Town Creek DrAustin, TX 78741
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The Quincy
Studio to 3 Bedroom Apartments

The Quincy

91 Red River StAustin, TX 78701
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Paseo
Studio to 4 Bedroom Apartments

Paseo

80 Rainey StAustin, TX 78701
property at 44 East Ave
$2,450 - $5,500
Studio To 2 Bedroom Rentals
Available Now
Affordability

44 East Ave

AustinTX78701

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Rainey Street, Austin, TX Local Guide

Cheapest Available Rainey Street Apartments for Rent

 

The cheapest available apartment rental in the Rainey Street area of Austin, TX is a 1 Bed unit found at Grace Woods priced from $794. Waterloo Flats has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Rainey Street apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Grace WoodsA11BR,1BA$794
Waterloo Flats0A StudioStudio,1BA$840
The Ladybird Senior Apartments - 55+A1.g-60%1BR,1BA$999
The ArnoldE1 - SMART HousingStudio,1BA$1,099
Bridge at the Blockyard0C - AMI 50% - INCOME RESTRICTIONS APPLYStudio,1BA$1,171
Stoney Ridge Apartments1x1B1BR,1BA$1,175
Residences at SaltilloE1 - SMARTStudio,1BA$1,176
Villages at East RiversideTwo Bedroom2BR,2BA$1,181
Oltera in SoEastZilker1BR,1BA$1,197
PlatformE0*Studio,1BA$1,218

Best Value Apartments for Rent in Rainey Street, TX

As of September 09, 2026 the best value apartment in the Rainey Street area is the $1.01 price per square foot 3 bedroom 3 bathroom-C1 Model at Sterling in the in the Central East Austin neighborhood starting from $1,259. The second greatest value Rainey Street apartment is the Three Bedroom Model at Villages at East Riverside starting at $1,469 with a $1.19 price per square foot in the Oltorf-East Riverside neighborhood. Here is today’s list of the best values for Rainey Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sterling3 bedroom 3 bathroom-C13BR,3BA$1.01
Villages at East RiversideThree Bedroom3BR,3BA$1.19
Estates at East RiversideThree Bedroom3BR,3BA$1.12
The Ladybird Senior Apartments - 55+B1.d-80%2BR,2BA$1.67
Karnes2 Bedroom 2 Bathroom Double occupancy-B12BR,2BA$0.72
The ZoeyA131BR,1BA$1.97
Grayson1 bedroom 1 bathroom Double occupancy-A71BR,1BA$1.14
Villas on GuadalupeA2 Loft2BR,1BA$1.68
The AspectA1IR1BR,1BA$1.86
Grace WoodsA11BR,1BA$1.62

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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.

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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
Rainey Street, Austin, TX

Ranked #54

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Rainey Street Apartments

What is the Cheapest Studio apartment in Rainey Street?

Currently the most affordable Cheap Studio Apartment in Rainey Street is at Waterloo Flats listed at $840.

How much is rent for a Cheap One Bedroom Rainey Street Apartment?

The lowest price for a Cheap One Bedroom Rainey Street Apartment is $794 at Grace Woods.

What is the lowest price for a Cheap Two Bedroom Rainey Street Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rainey Street is starting from $1,149 at Grace Woods.

What is the most affordable Rainey Street Three Bedroom Apartment?

The best deal on a cheap Rainey Street Three Bedroom Apartment rental is at Estates at East Riverside and starts from $1,279.

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.

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