
Cheap Apartments for Rent in the South Austin Neighborhood of Austin, TX from $500 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Austin area of Austin.


Willow Brook Apartments

Bridge at South Point

V at SoCo

Centennial Place Apartments

Cannon South

7001 S Congress Ave

Canvas Apartments

Spring Villas- Income Restricted

Ladera Apartment Homes
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.

Ethos Apartments

6808 S I-35 Frontage Rd

Terra Apartments

Bexley 3FIVE

Bridge at Monarch Bluffs

Total Monthly Price
Augustine

The Atlantic Grand Oaks

Room in Apartment on N Bluff Dr

Iron Rock Ranch

Total Monthly Price
Avana SoCo
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.

Room in Apartment on N Bluff Dr

Room in Apartment on N Bluff Dr

Room in Apartment on N Bluff Dr

Strata

Tramor at Cannon Place

Total Monthly Price
Wilder

Marquis SoCo

Total Monthly Price
Bridge at Turtle Creek

Trails at the Park

Total Monthly Price
The Martingale
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.

Cala Apartments

Total Monthly Price
Matador

The Bennett

Total Monthly Price
Lenox SoCo

SOFI at 6311

Bridge at Soco Crossing

900 Sirocco Dr

Bexley SoCo

715 W Slaughter Ln, Unit 2024

Total Monthly Price
Perch
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.

6803 Woodhue Dr, Unit B

906 Sirocco Dr

6311 S 1st St, Unit 432

323 W William Cannon Dr

715 W Slaughter Ln, Unit 1536

6311 S 1st St, Unit 596

6311 S 1st St, Unit 594

Groves South Congress

715 W Slaughter Ln, Unit 02-1235

805 Sirocco Dr
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

How much does it cost to rent an apartment in South Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Austin Studio Apartments | $1,125 | $769 | $1,599 |
| South Austin 1 Bedroom Apartments | $1,390 | $749 | $8,584 |
| South Austin 2 Bedroom Apartments | $1,737 | $869 | $7,055 |
| South Austin 3 Bedroom Apartments | $2,141 | $1,250 | $10,000+ |
| South Austin 4 Bedroom Apartments | $1,697 | $1,615 | $1,812 |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 2 mile radius of the South Austin Neighborhood of Austin, TX.
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South Austin, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
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- Local Counties
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Retreat at North Bluff | A2 | 1BR,1BA | $553 |
| Willow Brook Apartments | A1 - One Bedroom | 1BR,1BA | $749 |
| Bridge at South Point | 1/1f | 1BR,1BA | $799 |
| Centennial Place Apartments | Eff | 1BR,1BA | $800 |
| SoCo Park Apartments | A | 1BR,1BA | $899 |
| Spring Villas- Income Restricted | A2 | 1BR,1BA | $899 |
| Canvas Apartments | 1 Bedroom 1 Bath Plan A1 Renovated | 1BR,1BA | $900 |
| Ladera Apartment Homes | A1 | 1BR,1BA | $908 |
| V at SoCo | 1X1 REEP Reno | 1BR,1BA | $974 |
| Bexley 3FIVE | Lady Bird | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Atlantic Grand Oaks | The Fredericksburg | 3BR,2BA | $1.17 |
| Bluff Springs Townhomes | C1 | 2BR,2BA | $1.09 |
| Ethos Apartments | B1 | 2BR,2BA | $1.26 |
| Cortland Bluff Springs | Duval | 1BR,1BA | $1.62 |
| Trails at the Park | 1BR/1BA | 1BR,1BA | $1.50 |
| Spring Villas- Income Restricted | A1 | 1BR,1BA | $1.26 |
| SoCo Park Apartments | A | 1BR,1BA | $1.28 |
| Urban Oaks | 35-A4 | 1BR,1BA | $1.50 |
| Bexley 3FIVE | Lady Bird | 1BR,1BA | $1.56 |
| Willow Brook Apartments | A1 - One Bedroom | 1BR,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.
Read ArticleDon'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.
Read ArticleLocal 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
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 LifestyleSouth Austin, Austin, TX
Ranked #100
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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.
Helpful Local Expert Guides

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin.

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
Written by: Raul Mercado
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.

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
Written by: Raul Mercado
Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.