Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $700 (77 Rentals)

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

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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Milwood, Austin, TX Local Guide

Cheapest Neighborhoods for Apartments in Milwood, TX

Pricing Updated: 03/21/2025

Current apartment rentals in the Milwood, TX area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Milwood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available Milwood Apartments for Rent

 

The cheapest available apartment rental in the Milwood area of Austin, TX is a 1 Bed unit found at Keystone priced from $843. Milo has the second lowest priced unit, which is a Studio apartment currently listed from $847. Here are the most affordable Milwood apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Keystone1A1BR,1BA$843
MiloEffStudio,1BA$847
Madison NorthridgeA11BR,1BA$855
Wind River Crossingxwrb11BR,1BA$860
Twenty15A11BR,1BA$909
MAA Quarry Oaks11A-FP1BR,1BA$918
Henry HeightsEStudio,1BA$919
Melrose Trail ApartmentsA1R1BR,1BA$919
The FielderA1AFF1BR,1BA$924
Great HillsThe Zilker1BR,1BA$925

Best Value Apartments for Rent in Milwood, TX

As of March 21, 2025 the best value apartment in the Milwood area is the $1.51 price per square foot B4R Model at Villas at Stone Oak Ranch in the in the Milwood neighborhood starting from $1,865. The second greatest value Milwood apartment is the 22B-FP Model at MAA Quarry Oaks starting at $1,763 with a $1.55 price per square foot in the Milwood neighborhood. Here is today’s list of the best values for Milwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas at Stone Oak RanchB4R2BR,2BA$1.51
MAA Quarry Oaks22B-FP2BR,2BA$1.55
The Robinson on MelroseB12BR,2BA$1.32
Trails of Walnut Creek2 Bedroom 2 Bathroom B-12BR,2BA$1.36
Renaissance at North BendBluebonnet1BR,1BA$1.59
The WaymanA11BR,1BA$1.59
The Park at Walnut CreekA21BR,1BA$1.38
Elysium Grand LLPA11BR,1BA$1.44
Village OaksWillow1BR,1BA$1.45
Stone Oak @ ParmerBayberry1BR,1BA$1.58

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for Austin, Texas. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Milwood Neighborhood in Austin, TX

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

6 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Milwood Apartments

What is the Cheapest Studio apartment in Milwood?

Currently the most affordable Cheap Studio Apartment in Milwood is at Milo listed at $847.

How much is rent for a Cheap One Bedroom Milwood Apartment?

The lowest price for a Cheap One Bedroom Milwood Apartment is $843 at Keystone.

What is the lowest price for a Cheap Two Bedroom Milwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Milwood is starting from $1,192 at The Robinson on Melrose.

What is the most affordable Milwood Three Bedroom Apartment?

The best deal on a cheap Milwood Three Bedroom Apartment rental is at Renaissance at North Bend and starts from $1,629.

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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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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