
Cheap Apartments for Rent in the Downtown Austin Neighborhood of Austin, TX from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Austin area of Austin.


1600 West Ave

1400 Rio Grande Apartments

The Ladybird - 1033

Residences at Saltillo

206 E 15th St

1108 Nueces St

Diplomat Apartments
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
What Exactly Is a Loft Style Apartment?
Apartments come in many varieties. Among these, the so-called ‘Loft Apartment’ usually features higher ceilings, and larger windows, and frequently includes industrial design elements.

SoCo on the Lake

Railyard

Eleven by Windsor

The Weaver

The Shoal

Furnished Studio-Austin - Downtown - Town

Park Terrace Apartments

Alexan Waterloo

911 13th E St, Unit Swede Hill Casita

1309 Sabine St, Unit 1011 - T-11

AMLI Eastside

1115 Enfield Rd

422 at the Lake

Sienna at the Thompson

SkyHouse Austin

Regency - Fabulous landmark Downtown Austin property
Downtown Austin, Austin, TX Local Guide

How much does it cost to rent an apartment in Downtown Austin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Austin Studio Apartments | $2,051 | $995 | $5,830 |
Downtown Austin 1 Bedroom Apartments | $3,180 | $1,100 | $7,154 |
Downtown Austin 2 Bedroom Apartments | $4,223 | $1,400 | $10,000+ |
Downtown Austin 3 Bedroom Apartments | $7,648 | $2,100 | $10,000+ |
Downtown Austin 4 Bedroom Apartments | $1,480 | $1,185 | $1,675 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Downtown Austin Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Downtown Austin, Austin, TX Local Guide
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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 - 1033 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,100 |
The Ladybird - 1033 | A2.b-50% | 1BR,1BA | $1,100 |
Residences at Saltillo | E1 - SMART | Studio,1BA | $1,102 |
The Willows | wilA2 | 1BR,1BA | $1,199 |
Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
SoCo on the Lake | 1A | 1BR,1BA | $1,355 |
Railyard | Lady Bird | Studio,1BA | $1,450 |
Eleven by Windsor | S1 | Studio,1BA | $1,474 |
The Weaver | S1 | Studio,1BA | $1,475 |
Regency - Fabulous landmark Downtown Austin property | 2 Bedroom/2 Bath (1150 sq. ft.) | 2BR,2BA | $1,525 |
Best Value Apartments for Rent in Downtown Austin, TX
As of March 17, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Nueces Flats | #343 | 2BR,2BA | $1.92 |
Regency - Fabulous landmark Downtown Austin property | 2 Bedroom/2 Bath (1150 sq. ft.) | 2BR,2BA | $1.33 |
Lantana Apartments | Three-Bedroom Two-Bathroom | 3BR,2BA | $2.23 |
Crescent | E3 | Studio ,1BA | $2.14 |
The Ladybird - 1033 | A1.j-80% | 1BR,1BA | $2.16 |
Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
The Beverly Austin | A2 | Studio ,1BA | $2.71 |
AMLI Eastside | A2 | 1BR,1BA | $2.68 |
The Willows | PRELEASE NOW FOR SUMMER 2025 wilA1 | Studio ,1BA | $2.57 |
1400 Rio Grande Apartments | efficiency | Studio ,1BA | $2.34 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleDowntown Austin, Austin, TX
Ranked #41
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 the Cheapest Studio apartment in Downtown Austin?
Currently the most affordable Cheap Studio Apartment in Downtown Austin is at 1400 Rio Grande Apartments listed at $1,100.
How much is rent for a Cheap One Bedroom Downtown Austin Apartment?
The lowest price for a Cheap One Bedroom Downtown Austin Apartment is $1,100 at The Ladybird - 1033.
What is the lowest price for a Cheap Two Bedroom Downtown Austin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Austin is starting from $1,400 at Rio House Apartments.
What is the most affordable Downtown Austin Three Bedroom Apartment?
The best deal on a cheap Downtown Austin Three Bedroom Apartment rental is at Lantana Apartments and starts from $2,200.
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.