
Cheap Apartments for Rent in the The Drag Neighborhood of Austin, TX from $600 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Drag area of Austin.


2307 Rio Grande St

2818 Nueces St

The Sinclair

2810 Nueces St, Unit 104, Unit 104

2814 Nueces St

2815 Rio Grande St
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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.

Coventry Place Apartments

2813 Rio Grande St

2802 Nueces St

501 W 26th

2529 Rio Grande St

2311 Nueces St

2714 Nueces St
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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 | $1,869 | $1,702 | $2,045 |
| The Drag 1 Bedroom Apartments | $1,652 | $995 | $2,219 |
| The Drag 2 Bedroom Apartments | $1,341 | $624 | $1,889 |
| The Drag 3 Bedroom Apartments | $1,275 | $830 | $2,500 |
| The Drag 4 Bedroom Apartments | $1,360 | $880 | $1,690 |
Browse Apartments in this Neighborhood
There are currently 14 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. Yugo Austin Nueces has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,229. 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 |
| Yugo Austin Nueces | 4 Bed, 2 Bath Classic | 4BR,2BA | $1,229 |
| Grandmarc Austin | Studio A | Studio,1BA | $1,702 |
| Union on San Antonio | S1 - Ryder | Studio,1BA | $1,825 |
Best Value Apartments for Rent in The Drag, TX
As of April 11, 2026 the best value apartment in the The Drag area is the $0.98 price per square foot 4 Bed, 3 Bath Classic Model at Yugo Austin Nueces in the in the Central East Austin neighborhood starting from $1,299. The second greatest value The Drag apartment is the B3 Model at Venue on Guadalupe starting at $1,280 with a $1.23 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. |
|---|---|---|---|
| Yugo Austin Nueces | 4 Bed, 3 Bath Classic | 4BR,3BA | $0.98 |
| Venue on Guadalupe | B3 | 2BR,2BA | $1.23 |
| Villas on Guadalupe | A2 Loft | 2BR,1BA | $1.66 |
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| 1883 at Montgomery House Student Living | A1 | 1BR,1BA | $2.98 |
| 1883 at Cameron House Student Living | A1 | 1BR,1BA | $2.98 |
| Grandmarc Austin | Studio A | Studio ,1BA | $3.82 |
| Yugo Austin Waterloo | Studio Plus | Studio ,1BA | $5.90 |
| Union on San Antonio | S1 - Ryder | Studio ,1BA | $6.34 |
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 $1,825.
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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Articles, How-To's, and Tips

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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.