
Cheap Apartments for Rent in the Milwood Neighborhood of Austin, TX from $700 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the Milwood area of Austin.


Madison Northridge

Village Oaks

The Park at Walnut Creek

Great Hills

Canyon Creek

MAA Balcones Woods
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

Stone Oak @ Parmer

The Village At Gracy Farms

10001 N Capital of Texas Hwy

Cottages at Wells Branch

Renaissance at North Bend

Villas at Stone Oak Ranch

San Marin

Griffis at The Domain

Saison North

Highline Apartments

Arbor Park

Madison at the Arboretum

Beck at Wells Branch

Park at Summers Grove

Riata

Villages at Domain

The Wayman

Marquis at Ladera Vista

Hardrock Canyon

Northland at the Arboretum

Stonelake at the Arboretum

Modera EaDo

Magnolia Scofield Ridge

33Hundred

Windsor Ridge

The Copeland

The Estate on Quarry Lake Apartment Homes

Esperanza Domain

Folio

Residences at the Domain

Solaris House at Uptown ATX

11028 Jollyville Rd

Gallery at The Domain

The Addison Apartments

The Standard at Domain Northside Apartments

The Robinson on Melrose
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 | $1,607 | $975 | $4,450 |
Milwood 1 Bedroom Apartments | $1,717 | $800 | $6,305 |
Milwood 2 Bedroom Apartments | $2,250 | $1,200 | $7,876 |
Milwood 3 Bedroom Apartments | $2,726 | $1,570 | $10,000+ |
Milwood 4 Bedroom Apartments | $2,600 | $2,600 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 2 mile radius of the Milwood Neighborhood of Austin, TX.
See all Apartments in AustinExplore Austin
Milwood, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Walnut Creek Crossing priced from $825. Madison Northridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Milwood apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Walnut Creek Crossing | A2 | 1BR,1BA | $825 |
Madison Northridge | A1 | 1BR,1BA | $830 |
Wind River Crossing | xwra1 | 1BR,1BA | $831 |
Milo | Eff | Studio,1BA | $868 |
Great Hills | The Zilker | 1BR,1BA | $895 |
Twenty15 | A1 | 1BR,1BA | $909 |
High Oaks | Poppy | 1BR,1BA | $915 |
The Fielder | A1AFF | 1BR,1BA | $934 |
Keystone | 1A | 1BR,1BA | $936 |
MAA Quarry Oaks | 11A-FP | 1BR,1BA | $938 |
Best Value Apartments for Rent in Milwood, TX
As of April 06, 2025 the best value apartment in the Milwood area is the $1.35 price per square foot 29-3/2 Model at Park at Summers Grove in the in the Milwood neighborhood starting from $1,570. The second greatest value Milwood apartment is the Primrose Model at Renaissance at North Bend starting at $1,417 with a $1.45 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. |
---|---|---|---|
Park at Summers Grove | 29-3/2 | 3BR,2BA | $1.35 |
Renaissance at North Bend | Primrose | 2BR,2BA | $1.45 |
Trails of Walnut Creek | 2 Bedroom 2 Bathroom B-2 | 2BR,2BA | $1.53 |
The Park at Walnut Creek | B1 | 2BR,1BA | $1.34 |
The Robinson on Melrose | B1 | 2BR,2BA | $1.41 |
Marquis at Great Hills | 1D | 1BR,1BA | $1.54 |
The Olivine | 1B1B | 1BR,1BA | $1.40 |
Elysium Grand LLP | A1 | 1BR,1BA | $1.44 |
Village Oaks | Willow | 1BR,1BA | $1.46 |
MAA Quarry Oaks | 11A-FP | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 a cheap apartment in Milwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Milwood is under $938.
What is the price of a cheap apartment in Milwood?
The cheapest apartment in Milwood is Walnut Creek Crossing which is listed at $825, while the average apartment in Milwood costs $2,600.
What types of apartments are the cheapest in Milwood?
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 37 regular apartments in Milwood 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 Milwood?
Cheap apartments in Milwood have an average cost of $119 which is $2,481 cheaper than the average rent for all rentals in Milwood.
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.

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.

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.