1907 Robbins Pl
AustinTX78705
Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $700 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Austin.
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from $995Studio Apartments Available Now
West Campus Flats
2102-2106 San Gabriel StAustin, TX 78705
1906 San Gabriel St
AustinTX78705
1600 West Ave
AustinTX78701
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Rent Specials
from $1,035Studio to 3 Bedroom Apartments Available Now
Talavera Lofts
413 Navasota StAustin, TX 78702
1913 Robbins Pl
AustinTX78705
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from $1,050Studio to 3 Bedroom Apartments Available Now
1400 Rio Grande Apartments
1400 Rio Grande StAustin, TX 78701
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from $1,102Studio to 2 Bedroom Apartments Available Now
Residences at Saltillo
1211 E 5th StAustin, TX 78702
808 Winflo Dr
AustinTX78703
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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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206 E 15th St
AustinTX78701
1108 Nueces St
AustinTX78701
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from $1,3501 Bedroom Apartments Available Aug 15
Diplomat Apartments
1911 San Gabriel StAustin, TX 78705
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from $1,358Studio to 2 Bedroom Apartments Available Now
Corazon
1000 E 5th StAustin, TX 78702
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from $1,368Studio to 2 Bedroom Apartments Available Now
SoCo on the Lake
222 E Riverside DrAustin, TX 78704
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Rent Specials
from $1,444Studio to 2 Bedroom Apartments Available May 27
Eleven by Windsor
811 E 11th StAustin, TX 78702
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from $1,450Studio to 3 Bedroom Apartments Available Now
Railyard
201-301 E 4th St EAustin, TX 78701
1113 E 2nd St
AustinTX78702
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from $1,497Studio to 2 Bedroom Apartments Available Now
The Shoal
827 W 12th StAustin, TX 78701
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.
1401 E 4th St
AustinTX78702
2100 San Gabriel St
AustinTX78705
1605 Pease Rd
AustinTX78703
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from $1,6991 to 2 Bedroom Apartments Available Now
Park Terrace Apartments
516 Dawson RdAustin, TX 78704
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from $1,705Studio to 2 Bedroom Apartments Available Now
422 at the Lake
422 W Riverside DrAustin, TX 78704
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from $1,750Studio to 3 Bedroom Apartments Available Now
SkyHouse Austin
51 Rainey StAustin, TX 78701
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from $1,739Studio Apartment Available Now
Furnished Studio-Austin - Downtown - Town
507 S 1st StAustin, TX 78704
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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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from $1,8151 to 2 Bedroom Apartments Available Now
AMLI Eastside
1000-1004 San Marcos StAustin, TX 78702
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from $1,827Studio Apartment Available Now
1309 Sabine St, Unit T-11-1611
1309 Sabine StAustin, TX 78701
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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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2 Bedroom Apartments
Regency - Fabulous landmark Downtown Austin property
601 W 11th StAustin, TX 78701
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Downtown, Austin, TX Local Guide
Austin over Town Lake by K.R. is licensed under Internal
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $2,217 | $995 | $6,594 |
| Downtown 1 Bedroom Apartments | $3,142 | $900 | $9,552 |
| Downtown 2 Bedroom Apartments | $4,384 | $959 | $10,000+ |
| Downtown 3 Bedroom Apartments | $7,330 | $959 | $10,000+ |
| Downtown 4 Bedroom Apartments | $1,428 | $959 | $1,739 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Downtown, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Austin, TX is a 2 Beds unit found at Villas on Rio priced from $959. West Campus Flats has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Downtown apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villas on Rio | B5-SHARED | 2BR,2BA | $959 |
| West Campus Flats | Mini Studio | Studio,1BA | $995 |
| 1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
| 24 Flats | 24fEFF | Studio,1BA | $1,100 |
| The Willows | wilA2 | 1BR,1BA | $1,199 |
| Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| Corazon | e1 | Studio,1BA | $1,358 |
| SoCo on the Lake | 0B | Studio,1BA | $1,395 |
| Pathways at Chalmers Courts West | 2/1 | 2BR,1BA | $1,475 |
| Talavera Lofts | San Felipe | 3BR,2BA | $1,518 |
Best Value Apartments for Rent in Downtown, TX
As of May 12, 2025 the best value apartment in the Downtown area is the $1.14 price per square foot San Felipe Model at Talavera Lofts in the in the Town Lake neighborhood starting from $1,518. The second greatest value Downtown apartment is the 3/2 Model at Pathways at Chalmers Courts West starting at $2,440 with a $1.90 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Talavera Lofts | San Felipe | 3BR,2BA | $1.14 |
| Pathways at Chalmers Courts West | 3/2 | 3BR,2BA | $1.90 |
| Nueces Flats | #342 | 2BR,2BA | $1.97 |
| Regency - Fabulous landmark Downtown Austin property | 2 Bedroom/1 Bath - Large (1044 sq. ft.) | 2BR,1BA | $1.51 |
| AMLI Eastside | A4k | 1BR,1BA | $2.54 |
| Lantana Apartments | Two-Bedroom Two-Bathroom | 2BR,2BA | $2.06 |
| Villas on Rio | B2 | 2BR,2BA | $1.66 |
| Signature 1909 | Frisco C | 2BR,2BA | $2.06 |
| Rio House Apartments | 2 Bedroom | 2BR,1BA | $1.87 |
| 1400 Rio Grande Apartments | efficiency | Studio ,1BA | $2.49 |
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.
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Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Austin, TX
Ranked #52
Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,518.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is The Willows which is listed at $1,199, while the average apartment in Downtown costs $4,871.
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 $718 which is $4,153 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.
The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.
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.
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.
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.