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


West Campus Flats

1906 San Gabriel St

1600 West Ave

Talavera Lofts

1400 Rio Grande Apartments

1913 Robbins Pl

Residences at Saltillo

808 Winflo Dr
Navigating the Rental Market: Tips for First-Time Renters
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206 E 15th St

1108 Nueces St

SoCo on the Lake

Diplomat Apartments

Eleven by Windsor

Railyard

Corazon

1401 E 4th St

2100 San Gabriel St
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.

The Shoal

1605 Pease Rd

422 at the Lake

Park Terrace Apartments

SkyHouse Austin

Furnished Studio-Austin - Downtown - Town

911 13th E St, Unit Swede Hill Casita

AMLI Eastside
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

1309 Sabine St, Unit T-11-1611

Cole Apartments

Regency - Fabulous landmark Downtown Austin property
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 | $2,201 | $995 | $6,708 |
Downtown 1 Bedroom Apartments | $3,207 | $975 | $9,585 |
Downtown 2 Bedroom Apartments | $4,314 | $959 | $10,000+ |
Downtown 3 Bedroom Apartments | $7,295 | $959 | $10,000+ |
Downtown 4 Bedroom Apartments | $1,427 | $959 | $1,739 |
Browse Apartments in this Neighborhood
There are currently 52 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Austin, TX.
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Downtown, Austin, TX Local Guide
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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 |
Talavera Lofts | Saltillo/Cantera | Studio,1BA | $1,035 |
1400 Rio Grande Apartments | efficiency | Studio,1BA | $1,050 |
24 Flats | 24fEFF | Studio,1BA | $1,100 |
Residences at Saltillo | E2 - SMART | Studio,1BA | $1,102 |
Rio House Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
The Willows | PRELEASE NOW FOR SUMMER 2025 wilA1 | Studio,1BA | $1,314 |
SoCo on the Lake | 1A | 1BR,1BA | $1,321 |
Corazon | e1 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Nueces Flats | #342 | 2BR,2BA | $1.97 |
Regency - Fabulous landmark Downtown Austin property | 2 Bedroom/2 Bath (1150 sq. ft.) | 2BR,2BA | $1.33 |
Eleven by Windsor | B1 | 2BR,2BA | $2.20 |
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 |
Talavera Lofts | Saltillo/Cantera | Studio ,1BA | $1.88 |
The Willows | PRELEASE NOW FOR SUMMER 2025 wilA1 | Studio ,1BA | $2.57 |
1400 Rio Grande Apartments | efficiency | Studio ,1BA | $2.49 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown, Austin, TX
Ranked #50
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 $1,463.
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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.

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.

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.