Cheap Homes for Rent in Austin, TX from $400 (777 Rentals)

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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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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.

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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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property at 9200 N Plaza

9200 N Plaza

AustinTX78753

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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Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 05/14/2025

Current apartment rentals in the Austin, TX area range in price from $470 to $19,369 with an overall median price of $3,371. The three Austin neighborhoods with the lowest median rent pricing are Arboretum at $845, Oltorf-East Riverside at $560, and West Campus Austin at $599. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Arboretum$1,657$845244
Oltorf-East Riverside$1,689$560587
West Campus Austin$1,705$599179
Pleasant Valley$1,715$560462
East Riverside Oltorf$1,718$560774
West Congress$1,723$875259
St. Edwards$1,726$750247
Riverside$1,737$560884
South Congress$1,740$750727
Sweetbriar$1,748$820336

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, TX is a 1 Bed unit found at Wildwood Apartments in the Coronado Hills neighborhood priced from $600. La Madrid in the Cherry Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $652. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wildwood ApartmentsA11BR,1BA$600
La MadridA11BR,1BA$652
Copperline at Village OaksS6Studio,1BA$672
The RhettA11BR,1BA$677
Westdale ParkePlan A11BR,1BA$685
Mesh ApartmentsE1-Mesh IIIStudio,1BA$719
Magnolia FlatsStudioStudio,1BA$733
The EnclaveE1Studio,1BA$739
Forest Creek Apartments1 Bedroom A21BR,1BA$750
Heritage Pointe1x1 40%1BR,1BA$750

Best Value Apartments for Rent in Austin, TX

As of May 15, 2025 the best value apartment in the Austin area is the $0.81 price per square foot 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo in the in the Central East Austin neighborhood starting from $1,369. The second greatest value Austin apartment is the 4 Bed, 4 Bath Deluxe Model at Yugo Austin Rio starting at $1,399 with a $0.88 price per square foot in the Central East Austin neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Austin Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.81
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Point North Student LivingD14BR,4BA$0.94
HillTopFrio C3BR,2BA$0.99
The Studio at ThinkEastTwo Bedroom / Two bath2BR,2BA$1.04
Venue on GuadalupeB102BR,2BA$1.02
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
8907 Parkfield Dr2 Beds, 1 Baths2BR,1BA$1.08
Legacy Ranch @ Dessau East 55+ CommunityPalomino1BR,1BA$0.95
The RhettA11BR,1BA$0.97

Quick Rent Budget Calculator

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Austin, TX Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Steve • 4+ years in Austin

April 3, 2025

Alright, so Austin, man. Steve here, early 30s, and let me tell you, this place is alive. If you're into killer food – and I mean, everything from legit BBQ to some seriously inventive fusion spots – and a nightlife scene that just doesn't quit, you'll fit right in.

Mary • 1+ years in Austin

April 3, 2025

I like the northside of town best. But Downtown is fun. Lots of outdoor stuff to do

Kevin • 4+ years in Austin

March 25, 2025

Happy, vibrant, busy, lots of traffic, great restaurants. Liberal.

Frequently Asked Questions about Austin

What type of rentals are currently available in Austin?

There are currently 2928 Apartments for Rent in Austin, TX with pricing that ranges from $470 to $19,369. There are also 3975 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $490 to $38,000.

What is the current price range for Rental Homes in Austin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $490 to $38,000 with an average monthly rent of $7,389.

How much are larger Three and Four Bedroom Rentals in Austin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Austin range from $599 to $19,369, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $15,500. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $560.

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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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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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.

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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.

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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.