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MAA South Lamar
1500 S Lamar BlvdAustin, TX 78704
Cheap Apartments for Rent in the Rainey Street Neighborhood of Austin, TX from $1,000 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rainey Street area of Austin.
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from $1,1681 to 3 Bedroom Apartments Available Now
The Aspect
4900 E Oltorf StAustin, TX 78741
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from $1,199Studio to 2 Bedroom Apartments Available Now
44 South
4411 S Congress AveAustin, TX 78745
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from $1,2282 to 4 Bedroom Apartments Available Now
Estates at East Riverside
1300 Crossing PlAustin, TX 78741
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from $1,435Studio to 2 Bedroom Apartments Available Now
Fifteen15 S Lamar Apartments
1515 S Lamar BlvdAustin, TX 78704
The Art of the Rental Viewing: What to look for during a property tour
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from $1,5352 to 4 Bedroom Apartments Available Now
Villages at East Riverside
1301 Crossing PlAustin, TX 78741
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from $1,610Studio to 3 Bedroom Apartments Available Now
Water Marq
300 E Riverside DrAustin, TX 78704
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from $1,219Studio to 3 Bedroom Apartments Available Now
Rivette Tower
3901 Berkman DrAustin, TX 78723
54 Rainey St
AustinTX78701
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
603 Davis St
AustinTX78701
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Rainey Street, Austin, TX Local Guide
Austin over Town Lake by K.R. is licensed under Internal
How much does it cost to rent an apartment in Rainey Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rainey Street Studio Apartments | $1,801 | $1,082 | $3,095 |
| Rainey Street 1 Bedroom Apartments | $2,292 | $1,219 | $4,801 |
| Rainey Street 2 Bedroom Apartments | $2,968 | $1,168 | $8,188 |
| Rainey Street 3 Bedroom Apartments | $4,735 | $1,489 | $10,000+ |
| Rainey Street 4 Bedroom Apartments | $1,695 | $1,567 | $1,783 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Rainey Street Neighborhood of Austin, TX.
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Rainey Street, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
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- Local Counties
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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 2 Beds unit found at The Aspect priced from $1,168. 44 South has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here are the most affordable Rainey Street apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Aspect | B1IR | 2BR,1BA | $1,168 |
| 44 South | 0A-AMFI80 | Studio,1BA | $1,199 |
| Estates at East Riverside | Two Bedroom | 2BR,2BA | $1,228 |
| Fifteen15 S Lamar Apartments | S5 | Studio,1BA | $1,435 |
| MAA South Lamar | Traditional 1x1 505 SF | 1BR,1BA | $1,470 |
Best Value Apartments for Rent in Rainey Street, TX
As of May 24, 2025 the best value apartment in the Rainey Street area is the $1.44 price per square foot B3IR Model at The Aspect in the in the Oltorf-East Riverside neighborhood starting from $1,700. The second greatest value Rainey Street apartment is the Two Bedroom Model at Villages at East Riverside starting at $1,679 with a $1.67 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. |
|---|---|---|---|
| The Aspect | B3IR | 2BR,2BA | $1.44 |
| Villages at East Riverside | Two Bedroom | 2BR,2BA | $1.67 |
| Estates at East Riverside | Two Bedroom | 2BR,2BA | $1.42 |
| Windsor on the Lake | A11 | 1BR,1BA | $3.10 |
| Rivette Tower | O5 | Studio ,1BA | $2.97 |
| SkyHouse Austin | 11F3 | 1BR,1BA | $3.07 |
| MAA South Lamar | Traditional 1x1 505 SF | 1BR,1BA | $2.91 |
| 44 South | 0B-AMFI80 | Studio ,1BA | $2.68 |
| Water Marq | 0A | Studio ,1BA | $3.55 |
| Fifteen15 S Lamar Apartments | S1 | Studio ,1BA | $3.19 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRainey Street, Austin, TX
Ranked #198
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Rainey Street Neighborhood in Austin, TX
Walk Score®
89 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
62 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Rainey Street Apartments
What is a cheap apartment in Rainey Street?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rainey Street is under $2,415.
What is the price of a cheap apartment in Rainey Street?
The cheapest apartment in Rainey Street is MAA South Lamar which is listed at $1,470, while the average apartment in Rainey Street costs $3,998.
What types of apartments are the cheapest in Rainey Street?
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 8 regular apartments in Rainey Street 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 Rainey Street?
Cheap apartments in Rainey Street have an average cost of $152 which is $3,846 cheaper than the average rent for all rentals in Rainey Street.
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.
The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.