Cheap Apartments for Rent in the South Austin Neighborhood of Austin, TX from $500 (85 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Martingale
Rent Specials
$1,000 - $2,154
Total Monthly Price

Total Monthly Price

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$1,000 - $2,154
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Martingale

8100 S Congress AveAustin, TX 78745
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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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Avana SoCo
Rent Specials
$1,074 - $7,010
Total Monthly Price

Total Monthly Price

Base Rent
$1,074 - $7,010
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1 to 3 Bedroom Apartments Available Now

Avana SoCo

401 Little Texas LnAustin, TX 78745
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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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Lenox SoCo
Rent Specials
$1,233 - $2,003
Total Monthly Price

Total Monthly Price

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$1,233 - $2,003
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1 to 2 Bedroom Apartments Available Now

Lenox SoCo

135 Foremost DrAustin, TX 78745
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Perch
Rent Specials
$1,346 - $2,431
Total Monthly Price

Total Monthly Price

Base Rent
$1,346 - $2,431
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Studio to 2 Bedroom Apartments Available Now

Perch

7731 Menchaca RdAustin, TX 78745
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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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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.

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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 $586. Canvas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable South Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
RETREAT AT NORTH BLUFFA21BR,1BA$586
Canvas Apartments1 Bedroom 1 Bath Plan A11BR,1BA$775
Bridge at Turtle CreekE1Studio,1BA$790
Bridge at South Point0/1rStudio,1BA$799
Terra ApartmentsA1BR,1BA$821
Willow Brook ApartmentsA2 - One Bedroom1BR,1BA$869
Centennial Place ApartmentsEff1BR,1BA$890
Spring Villas- Income RestrictedA21BR,1BA$899
The Atlantic Grand OaksThe Rio1BR,1BA$908
Ethos ApartmentsA11BR,1BA$958

Best Value Apartments for Rent in South Austin, TX

As of April 15, 2026 the best value apartment in the South Austin area is the $1.45 price per square foot C1 - 3bed/2bath Model at Waters at Bluff Springs in the in the South Austin neighborhood starting from $1,775. The second greatest value South Austin apartment is the The Fredericksburg Model at The Atlantic Grand Oaks starting at $1,498 with a $1.28 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.
Waters at Bluff SpringsC1 - 3bed/2bath3BR,2BA$1.45
The Atlantic Grand OaksThe Fredericksburg3BR,2BA$1.28
Bluff Springs TownhomesAP2BR,2BA$1.49
9504 Kempler Dr, Unit A9504 Kempler Dr2BR,2BA$1.35
Urban Oaks35-B42BR,2BA$1.23
Trails at the Park1BR/1BA1BR,1BA$1.50
Spring Villas- Income RestrictedA11BR,1BA$1.26
SoCo Park ApartmentsA1BR,1BA$1.43
Willow Brook ApartmentsA1S - One Bedroom with Sunroom1BR,1BA$1.44
Terra ApartmentsA1BR,1BA$1.40

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 #92

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 the Cheapest Studio apartment in South Austin?

Currently the most affordable Cheap Studio Apartment in South Austin is at Bridge at Turtle Creek listed at $790.

How much is rent for a Cheap One Bedroom South Austin Apartment?

The lowest price for a Cheap One Bedroom South Austin Apartment is $586 at RETREAT AT NORTH BLUFF.

What is the lowest price for a Cheap Two Bedroom South Austin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Austin is starting from $716 at RETREAT AT NORTH BLUFF.

What is the most affordable South Austin Three Bedroom Apartment?

The best deal on a cheap South Austin Three Bedroom Apartment rental is at Spring Villas- Income Restricted and starts from $1,250.

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

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

Written by: Raul Mercado

For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

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Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas

Written by: Raul Mercado

Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

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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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.