Cheap Apartments for Rent in the Rainey Street Neighborhood of Austin, TX from $1,000 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rainey Street 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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property at 603 Davis St

603 Davis St

AustinTX78701
property at 54 Rainey St

54 Rainey St

AustinTX78701
Showing Results 1-13, Page 1 of 1

Rainey Street, Austin, TX Local Guide

Cheapest Available Rainey Street Apartments for Rent

 

The cheapest available apartment rental in the Rainey Street area of Austin, TX is a 1 Bed unit found at The Aspect priced from $1,000. MAA South Lamar has the second lowest priced unit, which is a Studio apartment currently listed from $1,082. Here are the most affordable Rainey Street apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The AspectA1IR1BR,1BA$1,000
MAA South LamarStudio 0x1 401 SFStudio,1BA$1,082
44 South0C-AMFI80Studio,1BA$1,279
Estates at East RiversideTwo Bedroom/Two Bath2BR,2BA$1,304
Fifteen15 S Lamar ApartmentsS5Studio,1BA$1,415

Best Value Apartments for Rent in Rainey Street, TX

As of April 12, 2025 the best value apartment in the Rainey Street area is the $3.16 price per square foot B3b Model at The Quincy in the in the Town Lake neighborhood starting from $3,824. The second greatest value Rainey Street apartment is the Two Bedroom Model at Villages at East Riverside starting at $1,478 with a $1.47 price per square foot in the Oltorf-East Riverside neighborhood. Here is today’s list of the best values for Rainey Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The QuincyB3b2BR,2BA$3.16
Villages at East RiversideTwo Bedroom2BR,2BA$1.47
Estates at East RiversideTwo Bedroom/Two Bath2BR,2BA$1.50
The AspectB1IR2BR,1BA$1.55
Windsor on the LakeA51BR,1BA$2.92
SkyHouse Austin11F21BR,1BA$3.11
44 South0C-AMFI80Studio ,1BA$2.18
Rivette TowerA11BR,1BA$3.33
MAA South LamarTraditional 1x1 505 SF1BR,1BA$2.81
Fifteen15 S Lamar ApartmentsS1Studio ,1BA$3.19

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Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

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Getting Around the Rainey Street Neighborhood in Austin, TX

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

62 / 100

Good Transit

Many nearby public transportation options

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 Rainey Street Apartments

What is the Cheapest Studio apartment in Rainey Street?

Currently the most affordable Cheap Studio Apartment in Rainey Street is at MAA South Lamar listed at $1,082.

How much is rent for a Cheap One Bedroom Rainey Street Apartment?

The lowest price for a Cheap One Bedroom Rainey Street Apartment is $1,000 at The Aspect.

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

Today's best deal for a Cheap Two Bedroom Apartment in Rainey Street is starting from $1,280 at The Aspect.

What is the most affordable Rainey Street Three Bedroom Apartment?

The best deal on a cheap Rainey Street Three Bedroom Apartment rental is at Estates at East Riverside and starts from $1,512.

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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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.