Cheap Apartments for Rent in the Riverside Neighborhood of Austin, TX from $500 (80 Rentals)

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

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Riverside, Austin, TX Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Austin, TX is a 1 Bed unit found at Vi Collina priced from $674. Mesh Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Riverside apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Vi CollinaA11BR,1BA$674
Mesh ApartmentsA1-Mesh III (Metropolitan)1BR,1BA$699
Chevy Chase Downs1BR/1BA1BR,1BA$699
Forest Creek Apartments1 Bedroom A11BR,1BA$700
Emerson Apartments1A1BR,1BA$702
CoppertreeCamden1BR,1BA$729
Alister ApartmentsStudioStudio,1BA$739
The Patten West11ALStudio,1BA$749
The SpokeA11BR,1BA$759
Parker Lane ApartmentsTwo Bedroom2BR,2BA$770

Best Value Apartments for Rent in Riverside, TX

As of August 22, 2025 the best value apartment in the Riverside area is the $1.17 price per square foot 509 E Live Oak St Model at 509 E Live Oak St, Unit Owl's Nest in the in the South River City neighborhood starting from $1,750. The second greatest value Riverside apartment is the D1 Model at Paradise Oaks Apartments starting at $1,650 with a $1.24 price per square foot in the Oltorf-East Riverside neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
509 E Live Oak St, Unit Owl's Nest509 E Live Oak St1BR,1BA$1.17
Paradise Oaks ApartmentsD14BR,2BA$1.24
Estates at East RiversideThree Bedroom3BR,3BA$1.26
Frontier East ApartmentsThree Bedroom3BR,2BA$1.22
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Villages at East RiversideTwo Bedroom2BR,2BA$1.17
Forest Creek Apartments2 Bedroom B12BR,2BA$1.09
South ShoreThe Bungalow: 2/1 (800) South Shore2BR,1BA$1.18
Acclaim at South Congress1 Bedroom 1 Bath1BR,1BA$1.13
Array1C1BR,1BA$1.22

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
Riverside, Austin, TX

Ranked #34

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Riverside, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Austin. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Riverside Neighborhood in Austin, TX

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

52 / 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 Riverside Apartments

What is a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $770.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is Vi Collina which is listed at $674, while the average apartment in Riverside costs $1,789.

What types of apartments are the cheapest in Riverside?

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 223 regular apartments in Riverside 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 Riverside?

Cheap apartments in Riverside have an average cost of $388 which is $1,401 cheaper than the average rent for all rentals in Riverside.

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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