Cheap Apartments for Rent in the South Austin Neighborhood of Austin, TX from $500 (83 Rentals)

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

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

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Augustine
$1,053 - $2,261
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Total Monthly Price

Base Rent
$1,053 - $2,261

Total Monthly Price
$1,053 - $2,261
Studio to 2 Bedroom Apartments Available Now

Augustine

707 W Slaughter LnAustin, TX 78748
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  • Low Income
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Avana SoCo
Rent Specials
$1,100 - $11,740
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Total Monthly Price

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$1,100 - $11,740

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1 to 3 Bedroom Apartments Available Now

Avana SoCo

401 Little Texas LnAustin, TX 78745
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  • Customer Reviewed
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Wilder
Rent Specials
$1,129 - $3,004
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Total Monthly Price

Base Rent
$1,129 - $3,004

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Studio to 2 Bedroom Apartments Available Now

Wilder

8350 Bluff Springs RdAustin, TX 78744
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Bridge at Turtle Creek
Rent Specials
$1,440 - $2,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,440 - $2,050

Total Monthly Price
$1,440 - $2,050
Studio to 2 Bedroom Apartments Available Jul 24

Bridge at Turtle Creek

6020 S 1st StAustin, TX 78745
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  • Utilities Included
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The Martingale
Rent Specials
$1,169 - $2,359
Total Monthly Price

Total Monthly Price

Base Rent
$1,169 - $2,359

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Studio to 3 Bedroom Apartments Available Now

The Martingale

8100 S Congress AveAustin, TX 78745
Affordability
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  • Customer Reviewed
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The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

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Matador
Rent Specials
$1,193 - $1,830
Total Monthly Price

Total Monthly Price

Base Rent
$1,193 - $1,830

Total Monthly Price
$1,193 - $1,830
1 to 2 Bedroom Apartments Available Now

Matador

5900 S Congress AveAustin, TX 78745
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  • Low Income
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Lenox SoCo
Rent Specials
$1,199 - $2,569
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Base Rent
$1,199 - $2,569

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1 to 3 Bedroom Apartments Available Now

Lenox SoCo

135 Foremost DrAustin, TX 78745
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Perch
$1,346 - $2,421
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Total Monthly Price

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$1,346 - $2,421

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Studio to 2 Bedroom Apartments Available Now

Perch

7731 Menchaca RdAustin, TX 78745
Affordability
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  • Customer Reviewed
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Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

South Austin, Austin, TX Local Guide

Cheapest Available South Austin Apartments for Rent

 

The cheapest available apartment rental in the South Austin area of Austin, TX is a 1 Bed unit found at Retreat at North Bluff priced from $553. Willow Brook Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable South Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Retreat at North BluffA21BR,1BA$553
Willow Brook ApartmentsA1 - One Bedroom1BR,1BA$749
Bridge at South Point1/1f1BR,1BA$799
Centennial Place ApartmentsEff1BR,1BA$800
SoCo Park ApartmentsA1BR,1BA$899
Spring Villas- Income RestrictedA21BR,1BA$899
Canvas Apartments1 Bedroom 1 Bath Plan A1 Renovated1BR,1BA$900
Ladera Apartment HomesA11BR,1BA$908
V at SoCo1X1 REEP Reno1BR,1BA$974
Bexley 3FIVELady Bird1BR,1BA$974

Best Value Apartments for Rent in South Austin, TX

As of July 22, 2026 the best value apartment in the South Austin area is the $1.17 price per square foot The Fredericksburg Model at The Atlantic Grand Oaks in the in the South Austin neighborhood starting from $1,373. The second greatest value South Austin apartment is the C1 Model at Bluff Springs Townhomes starting at $1,084 with a $1.09 price per square foot in the South Austin neighborhood. Here is today’s list of the best values for South Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Atlantic Grand OaksThe Fredericksburg3BR,2BA$1.17
Bluff Springs TownhomesC12BR,2BA$1.09
Ethos ApartmentsB12BR,2BA$1.26
Cortland Bluff SpringsDuval1BR,1BA$1.62
Trails at the Park1BR/1BA1BR,1BA$1.50
Spring Villas- Income RestrictedA11BR,1BA$1.26
SoCo Park ApartmentsA1BR,1BA$1.28
Urban Oaks35-A41BR,1BA$1.50
Bexley 3FIVELady Bird1BR,1BA$1.56
Willow Brook ApartmentsA1 - One Bedroom1BR,1BA$1.33

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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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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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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Real 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.

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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
South Austin, Austin, TX

Ranked #100

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Texas, including Austin. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places that make kids happy, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap South Austin Apartments

What is a cheap apartment in South Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Austin is under $974.

What is the price of a cheap apartment in South Austin?

The cheapest apartment in South Austin is Retreat at North Bluff which is listed at $553, while the average apartment in South Austin costs $1,899.

What types of apartments are the cheapest in South Austin?

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 304 regular apartments in South Austin 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 South Austin?

Cheap apartments in South Austin have an average cost of $315 which is $1,584 cheaper than the average rent for all rentals in South 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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