
Cheap Homes for Rent in The Drag Neighborhood of Austin, TX from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the The Drag area of Austin.


2813 Rio Grande St

2714 Nueces St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

501 W 26th St

2529 Rio Grande St

2815 Rio Grande St, Unit 209
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,845 | $1,425 | $2,400 |
The Drag 3 Bedroom Homes for Rent | $2,712 | $1,850 | $3,250 |
The Drag 4 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the The Drag Neighborhood of Austin, TX.
Explore Austin
The Drag, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available The Drag Apartments for Rent
 The cheapest available apartment rental in the The Drag area of Austin, TX is a Studio unit found at City View at Mueller priced from $900. Bridge at Windsor Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,404. Here are the most affordable The Drag apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
City View at Mueller | S1 | Studio,1BA | $900 |
Bridge at Windsor Park | A3 Accessible 80% | 1BR,1BA | $1,404 |
Fifteen15 S Lamar Apartments | S5 | Studio,1BA | $1,410 |
Best Value Apartments for Rent in The Drag, TX
As of June 02, 2025 the best value apartment in the The Drag area is the $0.81 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,369. The second greatest value The Drag apartment is the B1 Model at Venue on Guadalupe starting at $1,210 with a $1.20 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 Waterloo | 6 Bed, 6 Bath Plus | 6BR,6BA | $0.81 |
Venue on Guadalupe | B1 | 2BR,2BA | $1.20 |
Villas on Guadalupe | A2 Loft | 2BR,1BA | $1.68 |
MAA West Austin | Traditional 1x1 657-743 SF | 1BR,1BA | $2.10 |
Bridge at Windsor Park | A3 Accessible 80% | 1BR,1BA | $1.98 |
Fivetwo at Highland | A1A | 1BR,1BA | $2.60 |
AMLI North Park | E1 | Studio ,1BA | $3.20 |
MAA South Lamar | Traditional 1x1 505 SF | 1BR,1BA | $2.98 |
Fifteen15 S Lamar Apartments | S1 | Studio ,1BA | $3.13 |
City View at Mueller | S1 | Studio ,1BA | $2.20 |
Quick 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.
Frequently Asked Questions about The Drag
What type of rentals are currently available in The Drag?
There are currently 43 Apartments for Rent in The Drag, TX with pricing that ranges from $574 to $6,346. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Drag ranging from $910 to $3,300.
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 $910 to $3,300 with an average monthly rent of $2,115.
How much are larger Three and Four Bedroom Rentals in The Drag?
For those who are looking for larger living arrangements, Three Bedroom Apartments in The Drag range from $845 to $5,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,250. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $1,082.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.