Cheap Apartments for Rent in Austin, AR from $500 (40 Rentals)

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

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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West Towne Apartments
2 Bedroom Apartments

West Towne Apartments

2103 W Beebe Capps ExpySearcy, AR 72143
  • Utilities Included
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Orchards at Cabot
1 to 2 Bedroom Apartments

Orchards at Cabot

555 E Mountain Springs RdCabot, AR 72023
Senior Living
  • Utilities Included
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Timberwood Apartments
1 to 3 Bedroom Apartments

Timberwood Apartments

207 S Hospital BlvdJacksonville, AR 72076
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Showing Results 1-40, Page 1 of 1

Austin, AR Local Guide

Cheapest Available Austin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Austin, AR is a 1 Bed unit found at Stonewall Apartments in the Little Rock Air Force Base neighborhood priced from $500. Icon Lakewood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonewall Apartments1BR/1BH (POS)1BR,1BA$500
Icon LakewoodStudioStudio,1BA$699
Village Square of Jacksonville1 Bedroom1BR,1BA$710
The Luxe Apartments2bd upstairs upgraded2BR,1BA$765
Timbers at Lakewood1 Bedroom 1 Bathroom1BR,1BA$785
The Links at SherwoodCustom1BR,1BA$800
Summit at Valley HeightsThe Biltmore1BR,1BA$806
Placid Hills Senior Living1 Bed 1 Bath1BR,1BA$825
The Grove on Brockington1 bed 1 bath1BR,1BA$850
The Cove at 300Two Bedroom Townhome Renovated2BR,1BA$850

Best Value Apartments for Rent in Austin, AR and Nearby

As of May 17, 2025 the best value apartment in the Austin area is the $0.95 price per square foot 2 Bedroom - 1175 Model at The Retreat at Sherwood in the in the Jacksonville Sherwood neighborhood starting from $1,115. The second greatest value Austin apartment is the Premium 2 Bedroom Apartment Home Model at Steeplechase Apartments starting at $1,075 with a $1.02 price per square foot . Here is today’s list of the best values for Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at Sherwood2 Bedroom - 11752BR,2BA$0.95
Steeplechase ApartmentsPremium 2 Bedroom Apartment Home2BR,2BA$1.02
The Cove at 300Two Bedroom Townhome Renovated2BR,1.5BA$0.89
Woodland Terrace2 Bedroom Renovated2BR,2BA$1.03
Fairfax CrossingTwo Bedroom2BR,2BA$0.99
The Grove on Brockington1 bed 1 bath1BR,1BA$0.97
The Luxe Apartments2bd upstairs upgraded2BR,1BA$0.89
Placid Hills Senior Living1 Bed 1 Bath1BR,1BA$1.10
Village Square of Jacksonville1 Bedroom1BR,1BA$1.06
Stonewall Apartments1BR/1BH (POS)1BR,1BA$0.95

Quick Rent Budget Calculator

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Getting Around Austin, AR

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Austin Apartments

What is the Cheapest Studio apartment in Austin?

Currently the most affordable Cheap Studio Apartment in Austin is at Icon Lakewood listed at $699.

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

The lowest price for a Cheap One Bedroom Austin Apartment is $500 at Stonewall Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $635 at Stonewall Apartments.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Stonewall Apartments and starts from $850.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.