Cheap Apartments for Rent in the Riverside Neighborhood of Austin, TX from $500 (94 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 The Social Apartments priced from $675. South Shore has the second lowest priced unit, which is a 1 Bed apartment currently listed from $684. Here are the most affordable Riverside apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The Social ApartmentsThe Artist1BR,1BA$675
South ShoreThe Oasis: 1/1 at Avesta South Shore1BR,1BA$684
Mesh ApartmentsA1-Mesh III (Metropolitan)1BR,1BA$699
Chevy Chase Downs1BR/1BA1BR,1BA$699
Forest Creek Apartments1 Bedroom A11BR,1BA$700
TrioA21BR,1BA$745
Alister ApartmentsStudioStudio,1BA$756
Emerson Apartments1A1BR,1BA$757
The SpokeA11BR,1BA$759
The Brook Apartments1 Bedroom 1/1B1BR,1BA$795

Best Value Apartments for Rent in Riverside, TX

As of October 21, 2025 the best value apartment in the Riverside area is the $1.31 price per square foot D1 Model at Paradise Oaks Apartments in the in the Oltorf-East Riverside neighborhood starting from $1,750. The second greatest value Riverside apartment is the Three Bedroom Model at Villages at East Riverside starting at $1,599 with a $1.29 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.
Paradise Oaks ApartmentsD14BR,2BA$1.31
Villages at East RiversideThree Bedroom3BR,3BA$1.29
Frontier East ApartmentsThree Bedroom3BR,2BA$1.22
The Metropolis ApartmentsB22BR,2BA$1.21
Forest Creek Apartments2 Bedroom B12BR,2BA$1.30
Jewel Apartment HomesB12BR,1BA$1.26
Estates at East RiversideTwo Bedroom2BR,2BA$1.23
Array1A1BR,1BA$1.23
Hillside CreekA11BR,1BA$1.31
The Social ApartmentsThe Artist1BR,1BA$1.30

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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
Riverside, Austin, TX

Ranked #25

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 $795.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is The Social Apartments which is listed at $675, while the average apartment in Riverside costs $1,659.

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 118 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 $335 which is $1,324 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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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.