Cheap Apartments for Rent in the UT Neighborhood of Austin, TX from $500 (99 Rentals)

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

property at 911 W 22nd St

911 W 22nd St

AustinTX78705
property at 2610 Salado St

2610 Salado St

AustinTX78705

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 311 E 31st St

311 E 31st St

AustinTX78705
property at 1010 W 26th St

1010 W 26th St

AustinTX78705

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.

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property at 2900 Cole St

2900 Cole St

AustinTX78705
property at 1600 West Ave

1600 West Ave

AustinTX78701

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.

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property at 1008 W 25th St

1008 W 25th St

AustinTX78705
property at 2408 Leon St

2408 Leon St

AustinTX78705

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1108 Nueces St

1108 Nueces St

AustinTX78701
property at 3115 Helms St

3115 Helms St

AustinTX78705

Austin's Best Affordable Neighborhoods

Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

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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 Fountain Terrace Apartments priced from $895. La Casita has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable UT apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Fountain Terrace ApartmentsS1 ClassicStudio,1BA$895
La Casita1BR/1.0BA1BR,1BA$900
Swisher ApartmentsUpdated North Campus One Bedroom1BR,1BA$950
Villas on RioB5-SHARED2BR,2BA$959
Mauna Kai AustinModel A/BStudio,1BA$975
Nova HouseA11BR,1BA$995
HillTopColorado A4BR,4BA$995
West Campus FlatsMini StudioStudio,1BA$995
Greenwood SquareStudio-Studio,1BA$999
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050

Best Value Apartments for Rent in UT, TX

As of June 24, 2025 the best value apartment in the UT area is the $0.78 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,329. The second greatest value UT apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,399 with a $0.88 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 Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.78
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Point North Student LivingD14BR,4BA$1.04
HillTopFrio C3BR,2BA$0.99
TorreTH - C23BR,3BA$1.31
Venue on GuadalupeB12BR,2BA$1.20
Sparq on RioSan Antonio2BR,2BA$1.55
Villas on RioB22BR,2BA$1.66
North 40Building A - 2 Bed 1 Bath2BR,1BA$1.53
La Casita1BR/1.0BA1BR,1BA$1.64

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 #37

Among neighborhoods in Austin, TX 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 La Casita which is listed at $900, while the average apartment in UT costs $14,000.

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 137 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 $868 which is $13,132 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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

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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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.

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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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.