Cheap Apartments for Rent in the Riverside Neighborhood of Austin, TX from $500 (97 Rentals)

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

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property at 2401 E Oltorf St

$1,199 - $1,429

1 To 2 Bedroom Rentals

Available Now

2401 E Oltorf St

AustinTX78741

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Hillside Place priced from $625. Array has the second lowest priced unit, which is a 1 Bed apartment currently listed from $693. Here are the most affordable Riverside apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Hillside PlaceA11BR,1BA$625
ArrayThe 7471BR,1BA$693
The Patten West11AL1BR,1BA$699
Forest Creek Apartments1 Bedroom A21BR,1BA$699
Mesh ApartmentsE1-Mesh IIIStudio,1BA$699
Chevy Chase Downs1BR/1BA1BR,1BA$699
CoppertreeCoventry1BR,1BA$699
Aero RiversideA31BR,1BA$725
Hillside CreekA11BR,1BA$728
The SpokeA11BR,1BA$759

Best Value Apartments for Rent in Riverside, TX

As of December 30, 2025 the best value apartment in the Riverside area is the $1.24 price per square foot 4 Bed, 2.5 Bath (60% Income Restricted) Model at Avonmora Apartments in the in the Oltorf-East Riverside neighborhood starting from $1,761. The second greatest value Riverside apartment is the C2 Model at Belara starting at $1,649 with a $1.26 price per square foot in the Oltorf-East Riverside 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.
Avonmora Apartments4 Bed, 2.5 Bath (60% Income Restricted)4BR,2.5BA$1.24
BelaraC23BR,3BA$1.26
Acclaim at South Congress3 Bedroom 2 Bath3BR,2BA$1.05
Villages at East RiversideThree Bedroom3BR,3BA$1.23
Frontier East ApartmentsThree Bedroom3BR,2BA$1.22
The Social ApartmentsThe Mixer2BR,1BA$1.11
Eastside at 2201B1 | 2 Bed | 2 Bath2BR,2BA$1.26
Hillside CreekA51BR,1BA$1.26
Easton Hills1 Bedroom 1 Bath1BR,1BA$1.28
South ShoreThe Oasis: 1/1 at Avesta South Shore1BR,1BA$1.14

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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.

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Pet Friendly Lifestyle
Riverside, Austin, TX

Ranked #32

Among cities in Texas 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

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.

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 $759.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is Hillside Place which is listed at $625, while the average apartment in Riverside costs $1,798.

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 192 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 $458 which is $1,340 cheaper than the average rent for all rentals in Riverside.

Expert Rental Resources

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.

Helpful Local Expert Guides

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Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

Written by: Raul Mercado

For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

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Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas

Written by: Raul Mercado

Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

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Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

Written by: Raul Mercado

Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.

Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!