Cheap Homes for Rent in Central Austin Neighborhood of Austin, TX from $700 (88 Rentals)

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

property at 917 Keith Ln

917 Keith 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

property at 3400 Speedway

3400 Speedway

AustinTX78705
property at 306 E 30th St

306 E 30th St

AustinTX78705
property at 1000 W 26th St

1000 W 26th St

AustinTX78705
property at 1011 W 23rd St

1011 W 23rd St

AustinTX78705
property at 2714 Nueces St

2714 Nueces St

AustinTX78705
property at 304 E 33rd St

304 E 33rd St

AustinTX78705
property at 1010 W 23rd St

1010 W 23rd St

AustinTX78705
property at 2604 Salado St

2604 Salado St

AustinTX78705
property at 908 Poplar St

908 Poplar St

AustinTX78705
property at 605 Elmwood Pl

605 Elmwood Pl

AustinTX78705
property at 807 W 25th St

807 W 25th St

AustinTX78705
property at 2210 Pearl St

2210 Pearl St

AustinTX78705
property at 2207 Leon St

2207 Leon St

AustinTX78705
property at 2706 Cole St

2706 Cole St

AustinTX78705
property at 2703 Swisher St

2703 Swisher St

AustinTX78705
property at 2800 Cole St

2800 Cole St

AustinTX78705
property at 915 W 23rd St

915 W 23rd St

AustinTX78705
property at 501 W 26th St

501 W 26th St

AustinTX78705
property at 806 W 24th St

806 W 24th St

AustinTX78705

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 $849. 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$849
Swisher ApartmentsUpdated North Campus One Bedroom1BR,1BA$950
Villas on RioD5TH-SHARED4BR,4BA$959
Mauna Kai AustinModel A/BStudio,1BA$975
Nova HouseA11BR,1BA$995
Fountain Terrace ApartmentsS1Studio,1BA$995
HillTopColorado B4BR,4BA$995
La Casita1BR/1.0BA1BR,1BA$1,000
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
Oasis at the SpeedwayEasy Tiger1BR,1BA$1,100

Best Value Apartments for Rent in Central Austin, TX

As of April 08, 2025 the best value apartment in the Central Austin area is the $1.75 price per square foot 4BR/4.0BA Model at Lone Star Lofts in the in the Central East Austin neighborhood starting from $3,000. 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$1.75
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$1.67
Marian Condos2BR/2.0BA2BR,2BA$1.10
Venue on GuadalupeB3A2BR,2BA$1.16
Blackstone Apartments2x22BR,2BA$1.74
Sparq on RioSan Antonio2BR,2BA$1.54
River OaksPRE LEASE NOW 2025 A21BR,1BA$1.62

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Frequently Asked Questions about Central Austin

What type of rentals are currently available in Central Austin?

There are currently 452 Apartments for Rent in Central Austin, TX with pricing that ranges from $650 to $16,700. There are also 287 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Austin ranging from $799 to $17,500.

What is the current price range for Rental Homes in Central Austin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Austin ranges from $799 to $17,500 with an average monthly rent of $7,413.

How much are larger Three and Four Bedroom Rentals in Central Austin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Austin range from $650 to $4,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $6,300. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $720.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.