Cheap Apartments for Rent in the Downtown Neighborhood of Austin, TX from $700 (52 Rentals)

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Cheap Apartments in the Downtown area of Austin.

property at 1907 Robbins Pl

1907 Robbins Pl

AustinTX78705
property at 1600 West Ave

1600 West Ave

AustinTX78701
property at 808 Winflo Dr

808 Winflo Dr

AustinTX78703

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.

property at 1108 Nueces St

1108 Nueces St

AustinTX78701
property at 1401 E 4th St

1401 E 4th St

AustinTX78702

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.

property at 1605 Pease Rd

1605 Pease Rd

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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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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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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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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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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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
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XThe Chateau
Studio to 1 Bedroom Apartments

XThe Chateau

1211 W 8th StAustin, TX 78703
  • Utilities Included
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The Quincy
Studio to 3 Bedroom Apartments

The Quincy

91 Red River StAustin, TX 78701

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 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 ListingModel NameBed/BathPriced From
Villas on RioB5-SHARED2BR,2BA$959
West Campus FlatsMini StudioStudio,1BA$995
Talavera LoftsSaltillo/CanteraStudio,1BA$1,035
1400 Rio Grande ApartmentsefficiencyStudio,1BA$1,050
24 Flats24fEFFStudio,1BA$1,100
Residences at SaltilloE2 - SMARTStudio,1BA$1,102
Rio House Apartments1 Bedroom1BR,1BA$1,200
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio,1BA$1,314
SoCo on the Lake1A1BR,1BA$1,321
Corazone1Studio,1BA$1,463

Best Value Apartments for Rent in Downtown, TX

As of May 02, 2025 the best value apartment in the Downtown area is the $1.97 price per square foot #342 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#3422BR,2BA$1.97
Regency - Fabulous landmark Downtown Austin property2 Bedroom/2 Bath (1150 sq. ft.)2BR,2BA$1.33
Eleven by WindsorB12BR,2BA$2.20
Lantana ApartmentsTwo-Bedroom Two-Bathroom2BR,2BA$2.06
Villas on RioB22BR,2BA$1.66
Signature 1909Frisco C2BR,2BA$2.06
Rio House Apartments2 Bedroom2BR,1BA$1.87
Talavera LoftsSaltillo/CanteraStudio ,1BA$1.88
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57
1400 Rio Grande ApartmentsefficiencyStudio ,1BA$2.49

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Downtown, Austin, TX

Ranked #50

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

Pet Friendliness Lifestyle Score

3.5
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 $1,463.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Rio House Apartments which is listed at $1,200, while the average apartment in Downtown costs $4,709.

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 40 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 $733 which is $3,976 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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.