Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $600 (115 Rentals)

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

property at 311 E 31st St

311 E 31st St

AustinTX78705
property at 2612 Salado St

2612 Salado St

AustinTX78705

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 2610 Salado St

2610 Salado St

AustinTX78705
property at 4105 Speedway

4105 Speedway

AustinTX78751
property at 2900 Cole St

2900 Cole St

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 400 W 34th St

400 W 34th St

AustinTX78705
property at 1600 West Ave

1600 West Ave

AustinTX78701
property at 1008 W 25th St

1008 W 25th St

AustinTX78705
property at 630 Maiden Ln

630 Maiden Ln

AustinTX78705
property at 1010 W 26th St

1010 W 26th St

AustinTX78705
property at 502 W 35th St

502 W 35th St

AustinTX78705
property at 912 W 22 1/2 St

912 W 22 1/2 St

AustinTX78705
Showing Results 1-50, Page 1 of 3

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 $889. Swisher Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Central Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
San Gabriel Square ApartmentsSmall EfficencyStudio,1BA$889
Swisher ApartmentsUpdated North Campus One Bedroom1BR,1BA$950
Villas on RioB5-SHARED2BR,2BA$959
Mauna Kai AustinModel A/BStudio,1BA$975
Nova HouseA11BR,1BA$995
Fountain Terrace ApartmentsS1Studio,1BA$995
HillTopColorado A4BR,4BA$995
West Campus FlatsMini StudioStudio,1BA$995
La Casita1BR/1.0BA1BR,1BA$1,000
Oasis at the SpeedwayEasy Tiger1BR,1BA$1,025

Best Value Apartments for Rent in Central Austin, TX

As of April 30, 2025 the best value apartment in the Central Austin area is the $1.64 price per square foot 4BR/4.0BA Model at Lone Star Lofts in the in the Central East Austin neighborhood starting from $2,800. The second greatest value Central Austin apartment is the 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo starting at $1,369 with a $0.81 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.
Lone Star Lofts4BR/4.0BA4BR,4BA$1.64
Yugo Austin Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.81
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
HillTopFrio C3BR,2BA$0.99
Cedar 31Plush3BR,1BA$1.50
Venue on GuadalupeB3A2BR,2BA$1.06
Sparq on RioSan Antonio2BR,2BA$1.55
Villas on RioB22BR,2BA$1.66
Point North Student LivingB12BR,2BA$1.15
Villas on GuadalupeA2 Loft2BR,1BA$1.68

Quick Rent Budget Calculator

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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
Central Austin, Austin, TX

Ranked #34

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 $1,025.

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

The cheapest apartment in Central Austin is Swisher Apartments which is listed at $950, while the average apartment in Central Austin costs $14,000.

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 158 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 $970 which is $13,030 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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

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

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.