Cheap Apartments for Rent in the Waterloo Park Neighborhood of Austin, TX from $600 (26 Rentals)

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

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Showing Results 1-26, Page 1 of 1

Waterloo Park, Austin, TX Local Guide

Cheapest Available Waterloo Park Apartments for Rent

 

The cheapest available apartment rental in the Waterloo Park area of Austin, TX is a Studio unit found at Miller Square & Spanish Trails priced from $830. Cascade Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $862. Here are the most affordable Waterloo Park apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Miller Square & Spanish TrailsE1 - Designer - Miller SquareStudio,1BA$830
Cascade ApartmentsThe 396Studio,1BA$862
Lone Star Lofts1BR/1.0BA1BR,1BA$1,000
MAA South LamarStudio 0x1 401 SFStudio,1BA$1,082
Placemakr Downtown AustinS2Studio,1BA$1,124
Residences at SaltilloE1 - SMARTStudio,1BA$1,171
Estates at East RiversideTwo Bedroom2BR,2BA$1,191
Lakeshore PearlE1Studio,1BA$1,200
The ArnoldE1 - AffordableStudio,1BA$1,230
Sentral East AustinS1 1630Studio,1BA$1,299

Best Value Apartments for Rent in Waterloo Park, TX

As of November 16, 2025 the best value apartment in the Waterloo Park area is the $1.68 price per square foot C Model at San Remo Apartments in the in the Central East Austin neighborhood starting from $1,850. The second greatest value Waterloo Park apartment is the Two Bedroom Model at Estates at East Riverside starting at $1,191 with a $1.37 price per square foot in the Oltorf-East Riverside neighborhood. Here is today’s list of the best values for Waterloo Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
San Remo ApartmentsC3BR,2.5BA$1.68
Estates at East RiversideTwo Bedroom2BR,2BA$1.37
AMLI 300A41BR,1BA$2.51
The WeaverA31BR,1BA$2.47
Sabina1B1BR,1BA$2.38
PlatformA11BR,1BA$2.59
Villas on GuadalupeA1 Loft2BR,1BA$1.28
Lone Star Lofts1BR/1.0BA1BR,1BA$1.81
Cascade ApartmentsThe 396Studio ,1BA$2.18
Miller Square & Spanish TrailsE1 - Designer - Miller SquareStudio ,1BA$2.58

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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
Waterloo Park, Austin, TX

Ranked #63

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Waterloo Park Neighborhood in Austin, TX

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

68 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Waterloo Park Apartments

What is a cheap apartment in Waterloo Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterloo Park is under $1,299.

What is the price of a cheap apartment in Waterloo Park?

The cheapest apartment in Waterloo Park is Miller Square & Spanish Trails which is listed at $850, while the average apartment in Waterloo Park costs $2,670.

What types of apartments are the cheapest in Waterloo Park?

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 39 regular apartments in Waterloo Park 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 Waterloo Park?

Cheap apartments in Waterloo Park have an average cost of $636 which is $2,034 cheaper than the average rent for all rentals in Waterloo Park.

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

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I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.