Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $600 (103 Rentals)

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

property at 400 W 34th St

400 W 34th St

AustinTX78705
property at 630 Maiden Ln

630 Maiden Ln

AustinTX78705

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 2900 Cole St

2900 Cole St

AustinTX78705
property at 1600 West Ave

1600 West Ave

AustinTX78701
property at 619 W 37th St

619 W 37th St

AustinTX78705
property at 1008 W 25th St

1008 W 25th St

AustinTX78705
property at 2612 Salado St

2612 Salado St

AustinTX78705
property at 2610 Salado St

2610 Salado St

AustinTX78705
property at 1302 W 24th St

1302 W 24th St

AustinTX78705
property at 912 W 22 1/2 St

912 W 22 1/2 St

AustinTX78705
property at 502 W 35th St

502 W 35th St

AustinTX78705
property at 1103 W 22nd St

1103 W 22nd St

AustinTX78705
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Central Austin, Austin, TX Local Guide

Cheapest Available Central Austin Apartments for Rent

 

The cheapest available apartment rental in the Central Austin area of Austin, TX is a Studio unit found at San Gabriel Square Apartments priced from $899. Villas on Rio has the second lowest priced unit, which is a 4 Beds apartment currently listed from $949. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
San Gabriel Square ApartmentsSmall EfficencyStudio,1BA$899
Villas on RioD5TH-SHARED4BR,4BA$949
305 FlatsCap CityStudio,1BA$950
Mauna Kai AustinModel A/BStudio,1BA$975
Nova HouseA11BR,1BA$995
HillTopColorado B4BR,4BA$995
Fountain Terrace ApartmentsS1Studio,1BA$1,095
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,100
Oasis at the SpeedwayEasy Tiger1BR,1BA$1,100
Speedway 38Blue Dahlia1BR,1BA$1,150

Best Value Apartments for Rent in Central Austin, TX

As of March 22, 2025 the best value apartment in the Central Austin area is the $0.81 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,369. The second greatest value Central Austin apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,399 with a $0.88 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Central Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
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
HillTopFrio C3BR,2BA$0.99
Cedar 31Plush3BR,1BA$1.67
Venue on GuadalupeB3A2BR,2BA$1.23
Blackstone Apartments2x22BR,2BA$1.47
Sparq on RioSan Antonio2BR,2BA$1.54
Yugo Austin Corner2 Bed, 2 Bath2BR,2BA$1.61
River OaksPRE LEASE NOW 2025 A11BR,1BA$1.69

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Austin, Austin, TX

Ranked #42

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Texas, including Austin. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment complexes for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Austin Apartments

What is a cheap apartment in Central Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Austin is under $1,150.

What is the price of a cheap apartment in Central Austin?

The cheapest apartment in Central Austin is Nova House which is listed at $995, while the average apartment in Central Austin costs $16,700.

What types of apartments are the cheapest in Central Austin?

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 3,178 regular apartments in Central Austin 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 Central Austin?

Cheap apartments in Central Austin have an average cost of $986 which is $15,714 cheaper than the average rent for all rentals in Central Austin.

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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.