Cheap Apartments for Rent in the Austin Terrace Neighborhood of El Paso, TX from $400 (50 Rentals)

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

El Paso's Best Affordable Neighborhoods

Learn about El Paso and the best places to live with original content written by Local Expert Lori Rosario

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property at 231 Francis St

$950 - $1,050

1 Bedroom Rentals

Available Now

231 Francis St

El PasoTX79905

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Elm Apartments
1 Bedroom Apartments

Elm Apartments

1019 Elm StEl Paso, TX 79903
  • Utilities Included
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2401 Montana Apt #2
2 Bedroom Apartments

2401 Montana Apt #2

2401 Montana AveEl Paso, TX 79903
  • Utilities Included
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Sherman North
1 to 4 Bedroom Apartments

Sherman North

4531 Blanco AveEl Paso, TX 79905
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Rio Grande
2 to 4 Bedroom Apartments

Rio Grande

212 Lisbon StEl Paso, TX 79905
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2501-2515 Morehead Ave
1 to 3 Bedroom Apartments

2501-2515 Morehead Ave

2501-2515 Morehead AveEl Paso, TX 79930
  • Utilities Included
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Mountain Shadow
1 to 3 Bedroom Apartments

Mountain Shadow

2500-2624 Morehead AveEl Paso, TX 79930
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Los Arcos
1 to 2 Bedroom Apartments

Los Arcos

4600 Alabama StEl Paso, TX 79930
  • Utilities Included
property at 1908 Olive Ave

$750 - $799

1 Bedroom Rentals

Available Now

1908 Olive Ave

El PasoTX79901
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3800 Pierce
1 Bedroom Apartments

3800 Pierce

3800 Pierce AveEl Paso, TX 79930
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3300 Hayes
1 to 2 Bedroom Apartments

3300 Hayes

3300 Johnson AveEl Paso, TX 79930
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2600 Morehead Ave
1 to 2 Bedroom Apartments

2600 Morehead Ave

2600 Morehead AveEl Paso, TX 79930
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lincoln Apartments
2 Bedroom Apartments

Lincoln Apartments

3301 Lincoln AveEl Paso, TX 79930
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Tays North
1 to 4 Bedroom Apartments

Tays North

2114 Magoffin AveEl Paso, TX 79901
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Fort Bliss Family Homes
2 to 5 Bedroom Apartments

Fort Bliss Family Homes

1991 Marshall RdFort Bliss, TX 79906
  • Utilities Included

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.

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Austin Terrace, El Paso, TX Local Guide

Cheapest Available Austin Terrace Apartments for Rent

 

The cheapest available apartment rental in the Austin Terrace area of El Paso, TX is a 1 Bed unit found at Loma Apartments priced from $540. 2607-2609 Nations Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here are the most affordable Austin Terrace apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Loma ApartmentsOne Bedroom Corner1BR,1BA$540
2607-2609 Nations Ave1 Beds, 1 Baths1BR,1BA$645
3800 Pierce1/11BR,1BA$770
The Arches ApartmentsOne Bedroom1BR,1BA$775
Luna Verde ApartmentsStudioStudio,1BA$830
The Solana ApartmentsA1BR,1BA$900
Ashton Parke1 Bedroom 1 Bath1BR,1BA$967
Tremont Place Apartments2 bd 1 ba2BR,1BA$999
Grandview Apartments2 Bedroom2BR,1BA$1,150

Best Value Apartments for Rent in Austin Terrace, TX

As of August 20, 2026 the best value apartment in the Austin Terrace area is the $1.02 price per square foot 2 bd 1 ba Model at Tremont Place Apartments in the in the Mission Hills neighborhood starting from $999. The second greatest value Austin Terrace apartment is the 2 Bedroom Model at Grandview Apartments starting at $1,150 with a $1.42 price per square foot in the Pershing Government Hill neighborhood. Here is today’s list of the best values for Austin Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tremont Place Apartments2 bd 1 ba2BR,1BA$1.02
Grandview Apartments2 Bedroom2BR,1BA$1.42
The Solana ApartmentsA1BR,1BA$1.15
The Arches ApartmentsOne Bedroom1BR,1BA$1.06
INDEPENDENCE PLACE EL PASO1x11BR,1BA$2.44
Ashton Parke1 Bedroom 1 Bath1BR,1BA$1.55
Loma ApartmentsOne Bedroom Corner1BR,1BA$0.96
2607-2609 Nations Ave1 Beds, 1 Baths1BR,1BA$1.24
3800 Pierce1/11BR,1BA$1.54
Luna Verde ApartmentsStudioStudio ,1BA$1.85

Where to Rent in El Paso: A Local's Guide to Apartments Near Major Universities

El Paso is affordable, friendly, and vibrant! Explore Downtown, Golden Hill, Mission Hills, and more to find your perfect apartment near campus.

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lifestyle Ratings

Our team compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Austin Terrace, El Paso, and the greater El Paso area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Austin Terrace Apartments

What is the Cheapest Studio apartment in Austin Terrace?

Currently the most affordable Cheap Studio Apartment in Austin Terrace is at Luna Verde Apartments listed at $830.

How much is rent for a Cheap One Bedroom Austin Terrace Apartment?

The lowest price for a Cheap One Bedroom Austin Terrace Apartment is $540 at Loma Apartments.

What is the lowest price for a Cheap Two Bedroom Austin Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Austin Terrace is starting from $993 at Luna Verde Apartments.

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.

Articles, How-To's, and Tips

decorative image for Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities article

Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities

Written by: Lori Rosario

El Paso is a uniquely charming city with a rich culture and history.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.