Cheap Apartments for Rent in the Riverside Neighborhood of Austin, TX from $500 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverside 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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Grove Place Apartments
Studio to 3 Bedroom Apartments

Grove Place Apartments

1881 Grove BlvdAustin, TX 78741
  • Utilities Included
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Mesh Apartments
Studio to 2 Bedroom Apartments

Mesh Apartments

2101 Elmont DrAustin, TX 78741
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Riverside, Austin, TX Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Austin, TX is a 1 Bed unit found at Chevy Chase Downs priced from $699. The Brook Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Riverside apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Chevy Chase Downs1BR/1BA1BR,1BA$699
The Brook Apartments1 Bedroom 1/1A1BR,1BA$700
Mesh ApartmentsE1-Mesh IIIStudio,1BA$719
Forest Creek Apartments1 Bedroom A21BR,1BA$750
The SpokeA11BR,1BA$759
Aero RiversideA21BR,1BA$764
Parker Lane ApartmentsTwo Bedroom2BR,2BA$770
Grace WoodsA31BR,1BA$804
Array1A1BR,1BA$817

Best Value Apartments for Rent in Riverside, TX

As of March 28, 2025 the best value apartment in the Riverside area is the $1.38 price per square foot C1 | 3 Bed | 3 Bath Model at Eastside at 2201 in the in the Oltorf-East Riverside neighborhood starting from $1,449. The second greatest value Riverside apartment is the 2BR/1.0BA Model at Parker Heights Apartments starting at $1,100 with a $1.07 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eastside at 2201C1 | 3 Bed | 3 Bath3BR,2BA$1.38
Parker Heights Apartments2BR/1.0BA2BR,1BA$1.07
Parker Lane ApartmentsTwo Bedroom2BR,2BA$0.75
Jewel Apartment HomesB22BR,2BA$1.34
Acclaim at South Congress2b1bblc2BR,1BA$1.25
Frontier East ApartmentsOne Bedroom1BR,1BA$1.34
Forest Creek Apartments1 Bedroom A11BR,1BA$1.19
The SpokeA11BR,1BA$1.17
Vi CollinaA11BR,1BA$1.40
Aero RiversideA11BR,1BA$1.39

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Riverside, Austin, TX

Ranked #28

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
Riverside, Austin, TX

School data provided by Great Schools

Best Local Schools in
Riverside, Austin, TX

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Austin. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Riverside Neighborhood in Austin, TX

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

52 / 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 Riverside Apartments

What is a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $817.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is Chevy Chase Downs which is listed at $699, while the average apartment in Riverside costs $1,810.

What types of apartments are the cheapest in Riverside?

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 148 regular apartments in Riverside 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 Riverside?

Cheap apartments in Riverside have an average cost of $465 which is $1,345 cheaper than the average rent for all rentals in Riverside.

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.