
Cheap Apartments for Rent in the Rainey Street Neighborhood of Austin, TX from $575 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rainey Street area of Austin.


The Aspect

The Ladybird Senior Apartments - 55+

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Oltera in SoEast

The Arnold

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Azul Lakeshore

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Urban East

Bridge at the Blockyard

Stoney Ridge Apartments
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Residences at Saltillo

Estates at East Riverside

Villages at East Riverside

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Starlight

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Platform

MLK Highline

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The Zoey

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Lakeshore Pearl

Berkshire Riverview
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The Bouldin

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Corazon Apartments - OPL

Placemakr Downtown Austin

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Railyard

The Clark
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Pressler Apartments

SkyHouse Austin

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The Waller

Water Marq

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Alexan Rivercrest

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The Marlowe

The Bowie

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Muse at SoCo

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The Lola
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Encore Lakeside

415Colorado

Sienna at the Thompson

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The Residences at ATX Tower

Camden Rainey Street

The Quincy

Windsor on the Lake

Paseo

44 East Ave
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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 | $1,573 | $840 | $4,774 |
| Rainey Street 1 Bedroom Apartments | $2,310 | $809 | $6,319 |
| Rainey Street 2 Bedroom Apartments | $3,217 | $624 | $10,000+ |
| Rainey Street 3 Bedroom Apartments | $4,816 | $715 | $10,000+ |
| Rainey Street 4 Bedroom Apartments | $1,198 | $575 | $1,564 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Rainey Street Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Rainey Street, Austin, TX Local Guide
- Nearby Austin neighborhoods
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grace Woods | A1 | 1BR,1BA | $794 |
| Waterloo Flats | 0A Studio | Studio,1BA | $840 |
| The Ladybird Senior Apartments - 55+ | A1.g-60% | 1BR,1BA | $999 |
| The Arnold | E1 - SMART Housing | Studio,1BA | $1,099 |
| Bridge at the Blockyard | 0C - AMI 50% - INCOME RESTRICTIONS APPLY | Studio,1BA | $1,171 |
| Stoney Ridge Apartments | 1x1B | 1BR,1BA | $1,175 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,176 |
| Villages at East Riverside | Two Bedroom | 2BR,2BA | $1,181 |
| Oltera in SoEast | Zilker | 1BR,1BA | $1,197 |
| Platform | E0* | 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sterling | 3 bedroom 3 bathroom-C1 | 3BR,3BA | $1.01 |
| Villages at East Riverside | Three Bedroom | 3BR,3BA | $1.19 |
| Estates at East Riverside | Three Bedroom | 3BR,3BA | $1.12 |
| The Ladybird Senior Apartments - 55+ | B1.d-80% | 2BR,2BA | $1.67 |
| Karnes | 2 Bedroom 2 Bathroom Double occupancy-B1 | 2BR,2BA | $0.72 |
| The Zoey | A13 | 1BR,1BA | $1.97 |
| Grayson | 1 bedroom 1 bathroom Double occupancy-A7 | 1BR,1BA | $1.14 |
| Villas on Guadalupe | A2 Loft | 2BR,1BA | $1.68 |
| The Aspect | A1IR | 1BR,1BA | $1.86 |
| Grace Woods | A1 | 1BR,1BA | $1.62 |
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleLocal Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin
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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.
Pet Friendly LifestyleRainey Street, Austin, TX
Ranked #54
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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.
Helpful Local Expert Guides

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I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

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