Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $700 (55 Rentals)

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

property at 1600 West Ave

1600 West Ave

AustinTX78701
property at 808 Winflo Dr

808 Winflo Dr

AustinTX78703

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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property at 1108 Nueces St

1108 Nueces St

AustinTX78701
property at 1401 E 4th St

1401 E 4th St

AustinTX78702
property at 1605 Pease Rd

1605 Pease Rd

AustinTX78703
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Zinfandel
1 Bedroom Apartments

Zinfandel

2020 Nueces StAustin, TX 78705
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24 Flats
Studio to 2 Bedroom Apartments

24 Flats

1515 Palma PlzAustin, TX 78703
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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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Eden Roc
1 to 2 Bedroom Apartments

Eden Roc

1204 Elm StAustin, TX 78703
  • Utilities Included
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808 Winflo Dr
Studio Apartments

808 Winflo Dr

808 Winflo DrAustin, TX 78703
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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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Enfield Place
1 to 2 Bedroom Apartments

Enfield Place

1610 Enfield RdAustin, TX 78703
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South Congress Square
1 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
  • Utilities Included
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Lorrain
1 to 3 Bedroom Apartments

Lorrain

1401 Enfield RdAustin, TX 78703
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Park Place
1 to 2 Bedroom Apartments

Park Place

1301 W 9th StAustin, TX 78703
Showing Results 1-50, Page 1 of 2

Downtown, Austin, TX Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Austin, TX is a 1 Bed unit found at Pathways at Chalmers Courts West priced from $875. Villas on Rio has the second lowest priced unit, which is a 4 Beds apartment currently listed from $949. Here are the most affordable Downtown apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Pathways at Chalmers Courts West1A1BR,1BA$875
Villas on RioD5TH-SHARED4BR,4BA$949
Talavera LoftsSaltillo/CanteraStudio,1BA$1,035
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,100
24 Flats24fEFFStudio,1BA$1,100
Residences at SaltilloE1 - SMARTStudio,1BA$1,102
The WillowswilA21BR,1BA$1,199
Rio House Apartments1 Bedroom1BR,1BA$1,250
Enfield PlaceA11BR,1BA$1,375
SoCo on the Lake1A1BR,1BA$1,429

Best Value Apartments for Rent in Downtown, TX

As of March 23, 2025 the best value apartment in the Downtown 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 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 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
Lantana ApartmentsThree-Bedroom Two-Bathroom3BR,2BA$2.23
Rio House Apartments2 Bedroom2BR,1BA$1.87
Pathways at Chalmers Courts West1A1BR,1BA$1.28
Cole ApartmentsBrazosStudio ,1BA$2.51
Enfield PlaceA11BR,1BA$2.25
Talavera LoftsSaltillo/CanteraStudio ,1BA$1.88
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57
1400 Rio Grande ApartmentsefficiencyStudio ,1BA$2.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Austin, TX

Ranked #42

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,429.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Pathways at Chalmers Courts West which is listed at $875, while the average apartment in Downtown costs $4,730.

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 1,083 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 $755 which is $3,975 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.

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.

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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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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.

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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.