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


2100 San Gabriel St
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1400 Rio Grande Apartments
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Regency - Fabulous landmark Downtown Austin property
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
Downtown, Austin, TX Local Guide

How much does it cost to rent an apartment in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Studio Apartments | $2,184 | $995 | $6,594 |
Downtown 1 Bedroom Apartments | $3,155 | $900 | $9,520 |
Downtown 2 Bedroom Apartments | $4,343 | $959 | $10,000+ |
Downtown 3 Bedroom Apartments | $7,256 | $959 | $10,000+ |
Downtown 4 Bedroom Apartments | $1,428 | $959 | $1,739 |
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Downtown, Austin, TX Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
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.
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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