Cheap Homes for Rent in Austin, TX from $400 (529 Rentals)

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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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property at 9803 Chukar Cir

9803 Chukar Cir

AustinTX78758
property at 1805 Haskell St

1805 Haskell St

AustinTX78702
property at 710 W Monroe St

710 W Monroe St

AustinTX78704
property at 2301 Ohlen Rd

2301 Ohlen Rd

AustinTX78757
property at 2124 Burton Dr

2124 Burton Dr

AustinTX78741
property at 3704 S 2nd St

3704 S 2nd St

AustinTX78704
property at 3206 King St

3206 King St

AustinTX78705
property at 2502 Cecil Dr

2502 Cecil Dr

AustinTX78744
Showing Results 1-50, Page 1 of 11

Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Austin, TX

Pricing Updated: 03/25/2025

Current apartment rentals in the Austin, TX area range in price from $474 to $19,364 with an overall median price of $3,401. The three Austin neighborhoods with the lowest median rent pricing are Thousand Oaks at $1,120, Elm Creek at $825, and Arboretum at $809. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Austin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Thousand Oaks$1,120$1,1207
Elm Creek$1,365$825471
Arboretum$1,607$8092985
Bryker Woods$1,624$950934
South Manchaca$1,650$7509138
South Congress$1,722$7197894
Battle Bend Springs$1,737$63910974
St. Edwards$1,737$7192903
Cirkiel Commons$1,743$5785551
Homestead$1,743$57810598

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. Libertad Austin in the East Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $632. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wildwood ApartmentsA11BR,1BA$600
Libertad AustinA11BR,1BA$632
The RhettA11BR,1BA$632
3608 Chappie Ln3608 Chappie Ln1BR,1BA$690
Hidden GardensStudioStudio,1BA$693
Chevy Chase Downs1BR/1BA1BR,1BA$699

Best Value Apartments for Rent in Austin, TX

As of March 25, 2025 the best value apartment in the Austin area is the $0.30 price per square foot 3608 Chappie Ln Model at 3608 Chappie Ln in the in the Southeast Austin neighborhood starting from $690. The second greatest value Austin apartment is the 6 Bed, 6 Bath Plus Model at Yugo Austin Waterloo starting at $1,369 with a $0.81 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.
3608 Chappie Ln3608 Chappie Ln1BR,1BA$0.30
Yugo Austin Waterloo6 Bed, 6 Bath Plus6BR,6BA$0.81
404 Blackson Ave404 Blackson Ave1BR,1BA$0.56
Yugo Austin Rio4 Bed, 4 Bath Deluxe4BR,4BA$0.88
Yugo Austin Nueces4 Bed, 2 Bath Loft4BR,2BA$0.95
Room in Condo on Crossing PlRoom in Condo on Crossing Pl1BR,1BA$0.58
Eryngo Hills3 Bedroom3BR,2BA$0.91
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Legacy Ranch @ Dessau East 55+ CommunityPalomino1BR,1BA$0.95
The RhettA11BR,1BA$0.91

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Austin, TX Area Reviews

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Frequently Asked Questions about Austin

What type of rentals are currently available in Austin?

There are currently 2977 Apartments for Rent in Austin, TX with pricing that ranges from $474 to $19,364. There are also 3313 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 $7,187.

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 $650 to $19,364, while Three Bedroom Homes, Condos, and Townhomes for rent range from $575 to $12,000. Four Bedroom Single-Family rentals are also available starting from $550 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.