Cheap Apartments for Rent in the Rainbow Parke Neighborhood of Round Rock, TX from $700 (98 Rentals)

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

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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The Creek
Rent Specials
$844 - $1,938
Total Monthly Price

Total Monthly Price

Base Rent
$844 - $1,938
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Varies
1 to 2 Bedroom Apartments Available Now

The Creek

1525 Palm Valley BlvdRound Rock, TX 78664
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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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Falls Round Rock
$1,027 - $2,092
Total Monthly Price

Total Monthly Price

Base Rent
$1,027 - $2,092
Total Monthly Price
$1,027 - $2,092
1 to 3 Bedroom Apartments Available Now

Falls Round Rock

515 E Palm Valley BlvdRound Rock, TX 78664
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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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Azola Avery Centre
Rent Specials
$1,189 - $2,454
Total Monthly Price

Total Monthly Price

Base Rent
$1,189 - $2,454
Total Monthly Price
$1,189 - $2,454
Studio to 3 Bedroom Apartments Available Now

Azola Avery Centre

3801 N A W Grimes BlvdRound Rock, TX 78665
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Lone Oak
$1,224 - $2,246
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Total Monthly Price

Base Rent
$1,224 - $2,246
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1 to 3 Bedroom Apartments Available Jul 18

Lone Oak

1201 Hidden Valley DrRound Rock, TX 78665
Pet Friendly
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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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The Sommery
Rent Specials
$1,261 - $2,397
Total Monthly Price

Total Monthly Price

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$1,261 - $2,397
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1 to 3 Bedroom Apartments Available Now

The Sommery

5540 Sofia PlRound Rock, TX 78665
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Montelena Apartments
Rent Specials
$1,283 - $2,330
Total Monthly Price

Total Monthly Price

Base Rent
$1,283 - $2,330
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1 to 4 Bedroom Apartments Available Now

Montelena Apartments

2501 Louis Henna BlvdRound Rock, TX 78664
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property at 1104 Woodlief Trl

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 2 Bath Townhome for Rent

Available Now

1104 Woodlief Trl

Round RockTX78664

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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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 District at La Frontera priced from $749. Sunchase has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Rainbow Parke apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
District at La FronteraA21BR,1BA$749
SunchaseA11BR,1BA$795
Tramor at Autumn ParkA11BR,1BA$835
The CreekA11BR,1BA$844
Apple Creek Apartments1x1-4601BR,1BA$850
SummersetStudioStudio,1BA$875
Cedar Station Apartments1 Bedroom, 1 Bath1BR,1BA$875
Madison Dell Ranch ApartmentsA2 - 673 Sq. Ft.1BR,1BA$899
Westchester Woods ApartmentsA21BR,1BA$900
Belmont PlaceA11BR,1BA$924

Best Value Apartments for Rent in Rainbow Parke, TX

As of July 11, 2026 the best value apartment in the Rainbow Parke area is the $1.08 price per square foot 1029 Forest Bluff Trail Model at 1029 Forest Bluff Trail, Unit Full House in the in the Round Rock neighborhood starting from $2,195. The second greatest value Rainbow Parke apartment is the 3x2 B Model at Shadow Ridge starting at $1,707 with a $1.23 price per square foot in the Round Rock 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.
1029 Forest Bluff Trail, Unit Full House1029 Forest Bluff Trail4BR,2BA$1.08
Shadow Ridge3x2 B3BR,2BA$1.23
Townhomes at Double CreekThe Birch3BR,2BA$1.22
Parkwood TerraceB12BR,1BA$1.10
Belmont PlaceB12BR,1BA$1.32
Arrington RidgeSummit1BR,1BA$1.33
City North at Sunrise RanchLaurel1BR,1BA$1.31
Westchester Woods ApartmentsA21BR,1BA$1.17
Cedar Station Apartments1 Bedroom, 1 Bath1BR,1BA$1.27
District at La FronteraA11BR,1BA$1.25

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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Pet Friendly Lifestyle
Rainbow Parke, Round Rock, TX

Ranked #2

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 District at La Frontera which is listed at $749, while the average apartment in Rainbow Parke costs $1,987.

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 15 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 $799 which is $1,188 cheaper than the average rent for all rentals in Rainbow Parke.

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.

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