Cheap Apartments for Rent in Austin, TX from $400 (1,406 Rentals)

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

Austin's Best Affordable Neighborhoods

Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

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property at 400 W 34th St

400 W 34th St

AustinTX78705
Showing Results 1-50, Page 1 of 29

Austin, TX Local Guide

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Written By:
Trey Huguley
Senior Manager, Product Marketing

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 03/05/2025

Current apartment rentals in the Austin, TX area range in price from $474 to $19,364 with an overall median price of $3,497. The three Austin neighborhoods with the lowest median rent pricing are Thousand Oaks at $1,120, Elm Creek at $825, and Shadowglen at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Thousand Oaks$1,120$1,1207
Elm Creek$1,198$825559
Shadowglen$1,300$1,3003
Bryker Woods$1,598$9501077
South Manchaca$1,650$75010732
Southgate Apartments$1,664$91511979
South Congress$1,737$7999541
St. Edwards$1,737$8344434
Cirkiel Commons$1,743$5785576
Enclave at Towne Centre$1,743$5787014

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Enclave Creedmoor in the Southeast Austin neighborhood priced from $625. The Rhett in the North Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $632. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Enclave CreedmoorA1 - Alt 1 - 1 Bed1BR,1BA$625
The RhettA11BR,1BA$632
Copperline at Village OaksS4Studio,1BA$659
Hidden GardensStudioStudio,1BA$693
Parker Heights1BR/1BA StudiosStudio,1BA$693
Chevy Chase Downs1BR/1BA1BR,1BA$699
Mesh ApartmentsE1-Mesh IIIStudio,1BA$719

Best Value Apartments for Rent in Austin, TX

As of March 06, 2025 the best value apartment in the Austin area is the $0.97 price per square foot 7304 Derby Downs Dr Model at 7304 Derby Downs Dr in the in the Southeast Austin neighborhood starting from $2,550. The second greatest value Austin apartment is the 3644 Sandy Brook Dr Model at 3644 Sandy Brook Dr starting at $2,150 with a $0.96 price per square foot in the Chandler Road Retail neighborhood. 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.
7304 Derby Downs Dr7304 Derby Downs Dr4BR,3BA$0.97
3644 Sandy Brook Dr3644 Sandy Brook Dr3BR,2.5BA$0.96
3907 Bonnie Ln3907 Bonnie Ln3BR,2.5BA$0.83
Yugo Austin Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.81
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Yugo Austin Nueces4 Bed, 2 Bath Loft4BR,2BA$0.95
Eryngo Hills3 Bedroom3BR,2BA$0.91
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Legacy Ranch @ Dessau East 55+ CommunityPalomino1BR,1BA$0.95
The RhettA11BR,1BA$0.91

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Austin Overview

What’s the reason that Austin is one of the fastest-growing cities in America? Actually, there are a number of reasons, not the least of which is its warm weather. It’s also been called the live music capital of the world. While some may argue that point, one thing is certain. Austin is a city of festivals—music festivals, film festivals, and even a Brazilian Carnaval festival.

From reggae to rodeos, golf to gardening, and motorsports to malls, Austin’s cultural and artistic diversity offers something for everyone. Nature lovers enjoy the botanical gardens and the numerous parks and biking trails. Athletes enjoy rock climbing and the yearly marathon, which features live musical accompaniment from over 40 bands.

Austin offers a variety of educational options, with more than 10 institutions of higher learning.

Add walkable neighborhoods, world-class museums and a ballet company, and it’s easy to understand its soaring popularity. Besides events that attract tourists from all over the world, the city offers residents a multitude of enjoyable activities, many of which are free. Maybe the biggest reason for Austin’s popularity is its success in keeping its quality of life higher than its cost of living.

If you’re looking for an apartment in Austin, our updated prices, pictures and floorplans can help you find the perfect place to call home.

Why live in Austin, TX?

Austin is famed for being one of the most unique and quirky cities in the country, a reputation that is well-earned. The city's unofficial motto of "Keep Austin" Weird highlights the independent streak Austinites are known for throughout Texas. Currently, the city has a population of just under a million inhabitants with a metro density of just over two million. There is a lot of going in this state capital. The amount of diverse activities available is simply staggering.

Austin it seems has a little something for everyone. First, it is known as the Live Music Capital of The World due to the famous live Austin City Limits music concerts at The Moody Theater, as well as the South by Southwest festival. Along with its music, the culinary scene is lively and eclectic offering everything from BBQ to tacos and even artisanal donuts. The nightlife is lively with many bars crafting strange and fun adult beverage creations. If you're an outdoors lover, Austin offers almost three hundred days of sunshine, spend all those sunny days in its various parks, biking and hiking trails. Austin truly does have something for everyone.

Pet Friendly Lifestyle
Austin, TX

Ranked #3

Among cities in Texas for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Austin, TX Rentals by Map

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See the most popular apartments and homes in Austin, TX

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Getting Around Austin, TX

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few 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 Austin Apartments

What is the Cheapest Studio apartment in Austin?

Currently the most affordable Cheap Studio Apartment in Austin is at Copperline at Village Oaks listed at $659.

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

The lowest price for a Cheap One Bedroom Austin Apartment is $625 at Enclave Creedmoor.

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 $746 at Enclave Creedmoor.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Enclave Creedmoor and starts from $857.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.