
Cheap Apartments for Rent in the Rainey Street Neighborhood of Austin, TX from $1,400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rainey Street area of Austin.


70 Rainey St

Towers Of Town Lake

Waterline

54 Rainey St
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44 East Ave

99 Trinity Tower

The Quincy

Windsor on the Lake

Lakeside Apartments
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Rainey Street, Austin, TX Local Guide

How much does it cost to rent an apartment in Rainey Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rainey Street Studio Apartments | $2,165 | $1,723 | $2,968 |
| Rainey Street 1 Bedroom Apartments | $3,068 | $1,904 | $6,643 |
| Rainey Street 2 Bedroom Apartments | $4,788 | $2,366 | $8,093 |
| Rainey Street 3 Bedroom Apartments | $8,109 | $4,310 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Rainey Street Neighborhood of Austin, TX.
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Cheapest Available Rainey Street Apartments for Rent
 The cheapest available apartment rental in the Rainey Street area of Austin, TX is a Studio unit found at The Quincy priced from $1,580. SkyHouse Austin has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,880. Here are the most affordable Rainey Street apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Quincy | S2 | Studio,1BA | $1,580 |
| SkyHouse Austin | 11F4 | 1BR,1BA | $1,880 |
| Windsor on the Lake | A3 | 1BR,1BA | $1,980 |
Best Value Apartments for Rent in Rainey Street, TX
As of January 09, 2026 the best value apartment in the Rainey Street area is the $3.50 price per square foot A2A Model at Windsor on the Lake in the in the Town Lake neighborhood starting from $2,535. The second greatest value Rainey Street apartment is the 11F1 Model at SkyHouse Austin starting at $1,965 with a $3.00 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Rainey Street apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Windsor on the Lake | A2A | 1BR,1BA | $3.50 |
| SkyHouse Austin | 11F1 | 1BR,1BA | $3.00 |
| 700 River | S2 | Studio ,1BA | $6.17 |
| The Quincy | S2 | Studio ,1BA | $3.81 |
Frequently Asked Questions about Cheap Rainey Street Apartments
How much is rent for a Cheap One Bedroom Rainey Street Apartment?
The lowest price for a Cheap One Bedroom Rainey Street Apartment is $1,670 at The Quincy.
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 $2,660 at SkyHouse Austin.
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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Articles, How-To's, and Tips

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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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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.

How to Negotiate Your Apartment Lease and Save Money
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Everything is a negotiation in real estate!