Cheap Apartments for Rent in the Midtown Austin Neighborhood of Austin, TX from $400 (288 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown Austin area of Austin.

property at 400 W 34th St

400 W 34th St

AustinTX78705

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 630 Maiden Ln

630 Maiden Ln

AustinTX78705
property at 2602 Penny Ln

2602 Penny Ln

AustinTX78757
Showing Results 1-50, Page 1 of 6

Midtown Austin, Austin, TX Local Guide

Cheapest Available Midtown Austin Apartments for Rent

 

The cheapest available apartment rental in the Midtown Austin area of Austin, TX is a Studio unit found at Hidden Gardens priced from $693. Magnolia Flats has the second lowest priced unit, which is a Studio apartment currently listed from $733. Here are the most affordable Midtown Austin apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Hidden GardensStudioStudio,1BA$693
Magnolia FlatsStudioStudio,1BA$733
Mueller Flats ApartmentsBoeing2BR,2BA$749
Westdale ParkePlan A11BR,1BA$773
WoodstoneA1-R1BR,1BA$784
Waterford StudiosS2 - Starting at $849!Studio,1BA$799
Tides at MuellerA11BR,1BA$799
Ascent at NorthgateE1Studio,1BA$800
Acacia CliffsA11BR,1BA$814
The AxelA11BR,1BA$825

Best Value Apartments for Rent in Midtown Austin, TX

As of March 29, 2025 the best value apartment in the Midtown Austin area is the $0.56 price per square foot 404 Blackson Ave Model at 404 Blackson Ave in the in the Northwest Austin neighborhood starting from $900. The second greatest value Midtown Austin apartment is the B4 Model at Greystone Flats Apartments starting at $1,725 with a $1.38 price per square foot in the Northwest Austin neighborhood. Here is today’s list of the best values for Midtown Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
404 Blackson Ave404 Blackson Ave1BR,1BA$0.56
Greystone Flats ApartmentsB42BR,2BA$1.38
1729 Wooten Park Dr, Unit 1021729 Wooten Park Dr1BR,1.5BA$1.26
Venue on GuadalupeB3A2BR,2BA$1.23
Hidden Gardens2x12BR,1BA$1.06
Avalon Palm Apartments2x22BR,2BA$1.33
8907 Parkfield Dr2 Beds, 1 Baths2BR,1BA$1.08
Acacia CliffsA11BR,1BA$1.09
Chevy ChaseA41BR,1BA$1.35
Fashionaire1 Bedroom 1 Bathroom1BR,1BA$1.36

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Pet Friendly Lifestyle
Midtown Austin, Austin, TX

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Midtown Austin, Austin, TX

School data provided by Great Schools

Best Local Schools in
Midtown Austin, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for Northeastern Austin. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Midtown Austin Apartments

What is a cheap apartment in Midtown Austin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Austin is under $825.

What is the price of a cheap apartment in Midtown Austin?

The cheapest apartment in Midtown Austin is Westdale Parke which is listed at $773, while the average apartment in Midtown Austin costs $16,700.

What types of apartments are the cheapest in Midtown Austin?

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 268 regular apartments in Midtown Austin 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 Midtown Austin?

Cheap apartments in Midtown Austin have an average cost of $1,205 which is $15,495 cheaper than the average rent for all rentals in Midtown Austin.

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.

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.