Cheap Apartments for Rent in the UT Neighborhood of Austin, TX from $500 (104 Rentals)

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

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property at 1010 W 26th St

1010 W 26th St

AustinTX78705

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 2408 Leon St

2408 Leon St

AustinTX78705

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UT, Austin, TX Local Guide

Cheapest Available UT Apartments for Rent

 

The cheapest available apartment rental in the UT area of Austin, TX is a Studio unit found at Pinnacle 31 priced from $875. San Gabriel Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable UT apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Pinnacle 31EfficiencyStudio,1BA$875
San Gabriel Square ApartmentsLarge 1BR/1BA1BR,1BA$899
Swisher Apartments1BR/1.0BA1BR,1BA$950
Casa Del Rio ApartmentsA21BR,1BA$959
Villas on RioD5-SHARED4BR,4BA$959
Greenwood SquareStudio-Studio,1BA$979
Regency - Fabulous landmark Downtown Austin property1 Bedroom/1 Bath (696 sq. ft.)1BR,1BA$995
Nova HouseA11BR,1BA$995
Yugo Austin Rio5 Bed, 5 Bath Plus5BR,5BA$1,049
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050

Best Value Apartments for Rent in UT, TX

As of August 25, 2025 the best value apartment in the UT area is the $0.97 price per square foot 4 Bed, 3 Bath Loft Model at Yugo Austin Rio in the in the Central East Austin neighborhood starting from $1,399. The second greatest value UT apartment is the 4 Bed, 2 Bath Plus Model at Yugo Austin Nueces starting at $1,209 with a $0.84 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for UT apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Austin Rio4 Bed, 3 Bath Loft4BR,3BA$0.97
Yugo Austin Nueces4 Bed, 2 Bath Plus4BR,2BA$0.84
Union on San AntonioD1 - Trinity4BR,4BA$0.98
Sterling3 bedroom 3 bathroom-C13BR,3BA$0.97
Venue on GuadalupeB112BR,2BA$1.08
HillTopBrazos B2BR,2BA$1.35
1883 at Montgomery House Student LivingB12BR,2BA$1.28
Villas on RioB1-SHARED2BR,2BA$1.16
Point North Student LivingB12BR,2BA$1.18
1883 at Cameron House Student LivingA21BR,1BA$1.32

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.

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Pet Friendly Lifestyle
Ut, Austin, TX

Ranked #64

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas including UT, Austin, and the greater Austin area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap UT Apartments

What is a cheap apartment in UT?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in UT is under $1,050.

What is the price of a cheap apartment in UT?

The cheapest apartment in UT is San Gabriel Square Apartments which is listed at $899, while the average apartment in UT costs $18,900.

What types of apartments are the cheapest in UT?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 247 regular apartments in UT that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in UT?

Cheap apartments in UT have an average cost of $717 which is $18,183 cheaper than the average rent for all rentals in UT.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.