
Cheap Apartments for Rent in the Central Austin Neighborhood of Austin, TX from $600 (103 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Austin area of Austin.


210 W 38th St

400 W 34th St

901 E 40th St

924 E Dean Keeton St

4105 Speedway

926 E Dean Keeton St

630 Maiden Ln
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

Nova House

1906 San Gabriel St

4103 Speedway

2900 Cole St

1600 West Ave

619 W 37th St

Blackstone Apartments

1400 Rio Grande Apartments

2307 Rio Grande St

1008 W 25th St

2721 Hemphill Park

2612 Salado St

2610 Salado St

Monticello Apartments Hyde Park

301 W 38th St

Fountain Terrace Apartments

2410 Longview St

Oasis at the Speedway

Cedar Street Flats

1010 W 26th St

West Campus Flats

1302 W 24th St

2400 Longview St

Barranca Square Apartments

Rio Grande Square Apartments

Sandpiper Apartments

912 W 22 1/2 St

2901 San Jacinto Blvd

Hyde Park Court Apartments

Stone Hill Apartments

4007 Avenue C

502 W 35th St

Sabina

Diplomat Apartments

1103 W 22nd St
Central Austin, Austin, TX Local Guide

How much does it cost to rent an apartment in Central Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Austin Studio Apartments | $1,616 | $799 | $2,230 |
Central Austin 1 Bedroom Apartments | $1,821 | $915 | $4,085 |
Central Austin 2 Bedroom Apartments | $1,776 | $675 | $6,522 |
Central Austin 3 Bedroom Apartments | $1,405 | $650 | $4,800 |
Central Austin 4 Bedroom Apartments | $1,454 | $720 | $9,600 |
Central Austin 5 Bedroom Apartments | $1,956 | $830 | $5,500 |
Browse Apartments in this Neighborhood
There are currently 103 rentals with your search options within a 2 mile radius of the Central Austin Neighborhood of Austin, TX.
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Central Austin, Austin, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
San Gabriel Square Apartments | Small Efficency | Studio,1BA | $899 |
Villas on Rio | D5TH-SHARED | 4BR,4BA | $949 |
305 Flats | Cap City | Studio,1BA | $950 |
Mauna Kai Austin | Model A/B | Studio,1BA | $975 |
Nova House | A1 | 1BR,1BA | $995 |
HillTop | Colorado B | 4BR,4BA | $995 |
Fountain Terrace Apartments | S1 | Studio,1BA | $1,095 |
1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,100 |
Oasis at the Speedway | Easy Tiger | 1BR,1BA | $1,100 |
Speedway 38 | Blue Dahlia | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Yugo Austin Waterloo | 6 Bed, 6 Bath Plus | 6BR,6BA | $0.81 |
Yugo Austin Rio | 4 Bed, 4 Bath Deluxe | 4BR,4BA | $0.88 |
Yugo Austin Nueces | 4 Bed, 2 Bath Loft | 4BR,2BA | $0.95 |
HillTop | Frio C | 3BR,2BA | $0.99 |
Cedar 31 | Plush | 3BR,1BA | $1.67 |
Venue on Guadalupe | B3A | 2BR,2BA | $1.23 |
Blackstone Apartments | 2x2 | 2BR,2BA | $1.47 |
Sparq on Rio | San Antonio | 2BR,2BA | $1.54 |
Yugo Austin Corner | 2 Bed, 2 Bath | 2BR,2BA | $1.61 |
River Oaks | PRE LEASE NOW 2025 A1 | 1BR,1BA | $1.69 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCentral Austin, Austin, TX
Ranked #42
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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.

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.

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.