Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $700 (77 Rentals)
Search the lowest-cost Apartments available for rent right now in the Milwood area of Austin.

Village Oaks

Trails of Walnut Creek

Madison Northridge

MAA Balcones Woods

MAA Quarry Oaks

Great Hills

The Park at Walnut Creek

Henry Heights
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

Alma Arboretum

Canyon Creek

Cottages at Wells Branch

Stone Oak @ Parmer

Villas at Stone Oak Ranch

10001 N Capital of Texas Hwy

Renaissance at North Bend

San Marin

Museo

Arbor Park - 1032

Hardrock Canyon

Park at Summers Grove

The Wayman

33Hundred

Beck at Wells Branch

The Langdon on Parmer

Riata

Madison at the Arboretum

Stonelake at the Arboretum

Windsor Ridge

Modera EaDo

Magnolia Scofield Ridge

The Robinson on Melrose

Northland at the Arboretum

The Village At Gracy Farms

Marquis at Ladera Vista

Villages at Domain

The Standard at Domain Northside Apartments

Folio

Esperanza Domain

Residences at the Domain

Gallery at The Domain

Griffis at The Domain

Flatiron Domain

The Addison Apartments

Mesa Verde
Milwood, Austin, TX Local Guide

How much does it cost to rent an apartment in Milwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Milwood Studio Apartments | $1,613 | $974 | $3,916 |
Milwood 1 Bedroom Apartments | $1,685 | $823 | $6,426 |
Milwood 2 Bedroom Apartments | $2,224 | $1,196 | $7,364 |
Milwood 3 Bedroom Apartments | $2,899 | $1,570 | $10,000+ |
Milwood 4 Bedroom Apartments | $2,600 | $2,600 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 77 rentals with your search options within a 2 mile radius of the Milwood Neighborhood of Austin, TX.
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Milwood, Austin, TX Local Guide
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Cheapest Neighborhoods for Apartments in Milwood, TX
Pricing Updated: 03/21/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Keystone | 1A | 1BR,1BA | $843 |
Milo | Eff | Studio,1BA | $847 |
Madison Northridge | A1 | 1BR,1BA | $855 |
Wind River Crossing | xwrb1 | 1BR,1BA | $860 |
Twenty15 | A1 | 1BR,1BA | $909 |
MAA Quarry Oaks | 11A-FP | 1BR,1BA | $918 |
Henry Heights | E | Studio,1BA | $919 |
Melrose Trail Apartments | A1R | 1BR,1BA | $919 |
The Fielder | A1AFF | 1BR,1BA | $924 |
Great Hills | The Zilker | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Villas at Stone Oak Ranch | B4R | 2BR,2BA | $1.51 |
MAA Quarry Oaks | 22B-FP | 2BR,2BA | $1.55 |
The Robinson on Melrose | B1 | 2BR,2BA | $1.32 |
Trails of Walnut Creek | 2 Bedroom 2 Bathroom B-1 | 2BR,2BA | $1.36 |
Renaissance at North Bend | Bluebonnet | 1BR,1BA | $1.59 |
The Wayman | A1 | 1BR,1BA | $1.59 |
The Park at Walnut Creek | A2 | 1BR,1BA | $1.38 |
Elysium Grand LLP | A1 | 1BR,1BA | $1.44 |
Village Oaks | Willow | 1BR,1BA | $1.45 |
Stone Oak @ Parmer | Bayberry | 1BR,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.

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

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.