Cheap Apartments for Rent in the Rainbow Parke Neighborhood of Round Rock, TX from $700 (111 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rainbow Parke area of Round Rock.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Rainbow Parke, Round Rock, TX Local Guide

Cheapest Available Rainbow Parke Apartments for Rent

 

The cheapest available apartment rental in the Rainbow Parke area of Austin, TX is a 1 Bed unit found at Tramor at Autumn Park priced from $835. The Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $843. Here are the most affordable Rainbow Parke apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Tramor at Autumn ParkA11BR,1BA$835
The CreekA11BR,1BA$843
SunchaseA11BR,1BA$845
Lakeside at La FronteraA11BR,1BA$851
Enclave at LaFronteraA11BR,1BA$865
Arbor Trails Apartment Homes1 Bedroom A1BR,1BA$875
Crest Round RockA11BR,1BA$909
The Emerson ApartmentsA21BR,1BA$909
Parkwood TerraceA11BR,1BA$918
Palm ValleyAthens1BR,1BA$924

Best Value Apartments for Rent in Rainbow Parke, TX

As of November 20, 2025 the best value apartment in the Rainbow Parke area is the $1.23 price per square foot Three Bedroom Model at Shadow Ridge Apartment Homes in the in the Chandler Road Retail neighborhood starting from $1,707. The second greatest value Rainbow Parke apartment is the C4 Model at Parkwood Terrace starting at $1,766 with a $1.31 price per square foot in the Chandler Road Retail neighborhood. Here is today’s list of the best values for Rainbow Parke apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shadow Ridge Apartment HomesThree Bedroom3BR,2BA$1.23
Parkwood TerraceC43BR,2BA$1.31
926 Chisholm Cv, Unit 926 Chisholm Cv926 Chisholm Cv2BR,1.5BA$1.18
Chandler Creek ApartmentsSierra3BR,2BA$1.27
City North at Sunrise RanchMahogany2BR,2BA$1.28
Townhomes at Double CreekThe Birch3BR,2BA$1.22
Summerset2BR/2BA2BR,2BA$1.21
Palm ValleySydney1BR,1BA$1.27
Westchester Woods ApartmentsA21BR,1BA$1.30
Lakeside at La FronteraA11BR,1BA$1.28

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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
Rainbow Parke, Round Rock, TX

Ranked #3

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Rainbow Parke, Round Rock, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in areas across the United States, including Round Rock. 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 the best outdoor access, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Rainbow Parke Apartments

What is a cheap apartment in Rainbow Parke?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rainbow Parke is under $924.

What is the price of a cheap apartment in Rainbow Parke?

The cheapest apartment in Rainbow Parke is Tramor at Autumn Park which is listed at $835, while the average apartment in Rainbow Parke costs $1,700.

What types of apartments are the cheapest in Rainbow Parke?

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 38 regular apartments in Rainbow Parke 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 Rainbow Parke?

Cheap apartments in Rainbow Parke have an average cost of $299 which is $1,401 cheaper than the average rent for all rentals in Rainbow Parke.

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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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.