Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $700 (45 Rentals)

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

property at 1600 West Ave

1600 West Ave

AustinTX78701
property at 1108 Nueces St

1108 Nueces St

AustinTX78701

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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Zinfandel
1 Bedroom Apartments

Zinfandel

2020 Nueces StAustin, TX 78705
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Penthouse
1 to 3 Bedroom Apartments

Penthouse

1801 Rio Grande StAustin, TX 78701
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21 Rio Apartments
1 to 3 Bedroom Apartments

21 Rio Apartments

2101 Rio GrandeAustin, TX 78705
Student Housing
  • Utilities Included
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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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710 E 3rd St
Studio to 2 Bedroom Apartments

710 E 3rd St

710 E 3rd StAustin, TX 78701
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Lorrain
1 to 3 Bedroom Apartments

Lorrain

1401 Enfield RdAustin, TX 78703
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The Beverly Austin
Studio to 2 Bedroom Apartments

The Beverly Austin

901 Red River StAustin, TX 78701
Showing Results 1-45, Page 1 of 1

Downtown Austin, Austin, TX Local Guide

Cheapest Available Downtown Austin Apartments for Rent

 

The cheapest available apartment rental in the Downtown Austin area of Austin, TX is a Studio unit found at 1400 Rio Grande Apartments priced from $1,100. The Ladybird has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Downtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,100
The LadybirdA2.b-50%1BR,1BA$1,100
Residences at SaltilloE1 - SMARTStudio,1BA$1,102
Rio House Apartments1 Bedroom1BR,1BA$1,250
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio,1BA$1,314
SoCo on the Lake1A1BR,1BA$1,432
CrescentE2Studio,1BA$1,436
RailyardLady BirdStudio,1BA$1,450
Eleven by WindsorS1Studio,1BA$1,474
The WeaverM1Studio,1BA$1,510

Best Value Apartments for Rent in Downtown Austin, TX

As of March 25, 2025 the best value apartment in the Downtown Austin area is the $1.92 price per square foot #343 Model at Nueces Flats in the in the Central East Austin neighborhood starting from $2,450. The second greatest value Downtown Austin apartment is the 2 Bedroom/2 Bath (1150 sq. ft.) Model at Regency - Fabulous landmark Downtown Austin property starting at $1,525 with a $1.33 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Downtown Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nueces Flats#3432BR,2BA$1.92
Regency - Fabulous landmark Downtown Austin property2 Bedroom/2 Bath (1150 sq. ft.)2BR,2BA$1.33
Eleven by WindsorB12BR,2BA$2.24
Lantana ApartmentsThree-Bedroom Two-Bathroom3BR,2BA$2.23
The LadybirdA1.j-80%1BR,1BA$2.16
Rio House Apartments2 Bedroom2BR,1BA$1.87
The Beverly AustinA2Studio ,1BA$2.53
AMLI EastsideA21BR,1BA$2.64
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57
1400 Rio Grande ApartmentsefficiencyStudio ,1BA$2.34

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Pet Friendly Lifestyle
Downtown Austin, Austin, TX

Ranked #39

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

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, areas, 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 convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Austin Apartments

What is a cheap apartment in Downtown Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Austin is under $1,510.

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

The cheapest apartment in Downtown Austin is The Ladybird which is listed at $1,100, while the average apartment in Downtown Austin costs $6,834.

What types of apartments are the cheapest in Downtown 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 1,204 regular apartments in Downtown 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 Downtown Austin?

Cheap apartments in Downtown Austin have an average cost of $796 which is $6,038 cheaper than the average rent for all rentals in Downtown 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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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.

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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.