2307 Rio Grande St
AustinTX78705
Cheap Apartments for Rent in the The Drag Neighborhood of Austin, TX from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Drag area of Austin.
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$9951 Bedroom Apartments Available Now
The Carrells Apartments
2812 Nueces StAustin, TX 78705
501 W 26th
AustinTX78705
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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1 Bedroom Apartments
Coventry Place Apartments
2814 Nueces StAustin, TX 78705
2811 Rio Grande St
AustinTX78705
2802 Nueces St
AustinTX78705
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.
2529 Rio Grande St
AustinTX78705
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The Drag, Austin, TX Local Guide
How much does it cost to rent an apartment in The Drag?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Drag Studio Apartments | $1,860 | $1,788 | $2,016 |
| The Drag 1 Bedroom Apartments | $1,466 | $875 | $1,998 |
| The Drag 2 Bedroom Apartments | $1,394 | $1,125 | $1,836 |
| The Drag 3 Bedroom Apartments | $1,139 | $830 | $1,319 |
| The Drag 4 Bedroom Apartments | $1,470 | $880 | $4,400 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the The Drag Neighborhood of Austin, TX.
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Cheapest Available The Drag Apartments for Rent
The cheapest available apartment rental in the The Drag area of Austin, TX is a 1 Bed unit found at The Carrells Apartments priced from $995. Grandmarc Austin has the second lowest priced unit, which is a Studio apartment currently listed from $1,561. Here are the most affordable The Drag apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $995 |
| Grandmarc Austin | Studio A | Studio,1BA | $1,561 |
| The Sinclair | S1 | Studio,1BA | $1,859 |
Best Value Apartments for Rent in The Drag, TX
As of July 30, 2026 the best value apartment in the The Drag area is the $1.43 price per square foot C8 Model at Inspire on 22nd in the in the Central East Austin neighborhood starting from $1,395. The second greatest value The Drag apartment is the B1 Model at 1883 at Cameron House Student Living starting at $1,200 with a $1.44 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for The Drag apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Inspire on 22nd | C8 | 3BR,3BA | $1.43 |
| 1883 at Cameron House Student Living | B1 | 2BR,2BA | $1.44 |
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Grandmarc Austin | Studio A | Studio ,1BA | $3.50 |
| The Sinclair | S2 | Studio ,1BA | $5.12 |
Frequently Asked Questions about Cheap The Drag Apartments
What is a cheap apartment in The Drag?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Drag is under $1,859.
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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