2813 Rio Grande St
AustinTX78705
Cheap Homes for Rent in The Drag Neighborhood of Austin, TX from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the The Drag area of Austin.
501 W 26th St, Unit 114, Unit 114
501 W 26th St
AustinTX78705
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.
2529 Rio Grande St
AustinTX78705
2802 Nueces St
AustinTX78705
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.
2311 Nueces St
AustinTX78705
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The Drag, Austin, TX Local Guide
How much does it cost to rent a home in The Drag?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Drag 2 Bedroom Homes for Rent | $1,862 | $1,595 | $2,150 |
| The Drag 3 Bedroom Homes for Rent | $2,300 | $2,100 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 | $1,788 |
Best Value Apartments for Rent in The Drag, TX
As of May 19, 2026 the best value apartment in the The Drag area is the $0.94 price per square foot 4 Bed, 2 Bath Classic Model at Yugo Austin Nueces in the in the Central East Austin neighborhood starting from $1,229. The second greatest value The Drag apartment is the D1 - Trinity Model at Union on San Antonio starting at $1,495 with a $1.19 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, 2 Bath Classic | 4BR,2BA | $0.94 |
| Union on San Antonio | D1 - Trinity | 4BR,4BA | $1.19 |
| Venue on Guadalupe | B2 | 2BR,2BA | $1.17 |
| Inspire on 22nd | C5 | 3BR,3BA | $1.50 |
| 1883 at Montgomery House Student Living | B1 | 2BR,2BA | $1.44 |
| 1883 at Cameron House Student Living | B1 | 2BR,2BA | $1.44 |
| Villas on Guadalupe | A2 Loft | 2BR,1BA | $1.66 |
| The Carrells Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Grandmarc Austin | Studio A | Studio ,1BA | $4.01 |
Frequently Asked Questions about The Drag
What type of rentals are currently available in The Drag?
There are currently 35 Apartments for Rent in The Drag, TX with pricing that ranges from $624 to $2,500. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Drag ranging from $1,100 to $2,500.
What is the current price range for Rental Homes in The Drag?
Today's rental pricing for Homes for Rent, Condos and Townhomes in The Drag ranges from $1,100 to $2,500 with an average monthly rent of $1,674.
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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