Cheap 2 Bedroom Apartments for Rent in the Downtown Neighborhood of Austin, TX from $959 (15 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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21 Rio Apartments
2 Bedroom Apartments

21 Rio Apartments

2101 Rio GrandeAustin, TX 78705
Student Housing
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Eden Roc
2 Bedroom Apartments

Eden Roc

1204 Elm StAustin, TX 78703
  • Utilities Included
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The Willows
2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704

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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Penthouse
2 Bedroom Apartments

Penthouse

1801 Rio Grande StAustin, TX 78701
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Park Place
2 Bedroom Apartments

Park Place

1301 W 9th StAustin, TX 78703

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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24 Flats
2 Bedroom Apartments

24 Flats

1515 Palma PlzAustin, TX 78703
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Lorrain
2 Bedroom Apartments

Lorrain

1401 Enfield RdAustin, TX 78703
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Enfield Place
2 Bedroom Apartments

Enfield Place

1610 Enfield RdAustin, TX 78703

Downtown, Austin, TX Local Guide

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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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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,525.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Villas on Rio which is listed at $959, while the average apartment in Downtown costs $4,800.

What types of apartments are the cheapest in Downtown?

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 38 regular apartments in Downtown 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?

Cheap apartments in Downtown have an average cost of $717 which is $4,083 cheaper than the average rent for all rentals in Downtown.

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.

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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.