Here Are the Best Affordable Neighborhoods for Renters in Austin

Austin has long been one of the country’s most exciting cities to live in, known for its lively music scene, booming tech industry, and thriving food culture. However, with its growing popularity, renting in Austin has become more expensive over the years. The cost of living in Austin is 7% higher than the state average, and the current average rent will set you back $1,696 each month. This makes finding budget-friendly neighborhoods even more challenging for renters looking to enjoy all that the city has to offer without stretching their finances too thin.

Thankfully, there are still affordable neighborhoods in Austin where renters can find reasonably priced apartments while enjoying a great quality of life. Whether you’re a young professional, a student, or are just looking for a budget-friendly area for your happy place, the following five areas offer some of the best options in the city:

• Rosedale
• Allandale
• Brentwood
• North Loop
• Hyde Park

Rosedale: A quiet retreat with urban convenience

Average rent as of February 2025: $1,467

Rosedale is one of the best affordable neighborhoods in Austin for renters seeking a balance between city life and a peaceful atmosphere. With its tree-lined streets, historic homes, and access to green spaces like Ramsey Park, it’s a charming spot that attracts many renters.

The neighborhood offers a mix of classic bungalows and modern apartment complexes, making it a great choice for those looking for variety in rental options. Plus, with easy access to downtown and plenty of nearby restaurants and cafes, Rosedale is both convenient and budget-friendly.

Allandale: A welcoming community with great amenities

Average rent as of February 2025: $1,483

Allandale is a budget-friendly neighborhood that’s a good choice for those looking for a suburban feel without being too far from Austin’s downtown. This area offers spacious apartments, quiet streets, and a strong sense of community, making it a great spot for renters seeking a mix of affordability and comfort.

What’s more, renters can enjoy access to Northwest District Park, excellent schools, and plenty of local businesses along the bustling Burnet Road. Whether you’re a young professional or a someone seeking affordability and comfort, Allandale makes a great place to call home.

Brentwood: A lively neighborhood with local charm

Average rent as of February 2025: $1,511

Brentwood is a budget-friendly neighborhood that draws in with renters who appreciate a mix of local charm and easy access to everything. It features a blend of older homes and modern apartment complexes, which means there’s a good variety of rental options to choose from.

One of the things Brentwood  is known for is its cozy coffee shops, along with a diverse selection of local restaurants. Easy access to major roads like Lamar Boulevard is another big plus, making commutes more manageable. For those who enjoy spending time outdoors, the Brentwood Pool and the surrounding park provide plenty of recreational activities, making it a well-rounded choice for everyone.

North Loop: A trendy and affordable spot for young renters

Average rent as of February 2025: $1,649

North Loop offers a unique blend of affordability and culture, making it a top pick among Austin’s best affordable neighborhoods. With its vintage shops where you can find all sorts of treasures, a lively nightlife that’s always buzzing, and lots of quirky cafes that are perfect for hanging out or getting some work done, this area has a fun and eclectic energy that attracts students and young professionals.

Another great thing about renting an apartment here is being close to some of Austin’s best independent businesses. Plus, getting around is easy, with convenient access to major bus routes and plenty of bike-friendly streets. If you’re a renter searching for something with character and a laid-back vibe, you should definitely check out North Loop.

Hyde Park: A historic neighborhood with modern conveniences

Average rent as of February 2025: $1,649

Hyde Park is one of Austin’s surprisingly popular and affordable neighborhoods, combining historic charm with modern living. Think beautiful tree-shaded streets, local coffee shops, and easy access to the University of Texas. This makes Hyde Park a great renting spot for a wide range of renters, from students and faculty to families and young professionals — basically anyone looking for a neighborhood with character and convenience. That mix of old-world charm and urban amenities really sets Hyde Park apart, especially for those looking for a budget-friendly neighborhood in Austin.

Whether you’re into the historic appeal of Hyde Park, the welcoming vibe of Allandale, or the trendy scene in North Loop, there are plenty of affordable neighborhoods to explore in the city. So, if you’re in the process of exploring the best affordable neighborhoods in Austin, start your apartment search today and find the perfect place that fits your lifestyle and your budget.

Alternatively, if you’re interested in renting in other cities across the country, check out our guides for affordable neighborhoods in San Antonio, TX; Detroit; Chicago; Atlanta; Denver; Miami; Minneapolis; Reno, NV; Columbus, OH; Hialeah, FL; Fayetteville, NC; Salt Lake City; Washington, DC; Knoxville, TN; and St. Paul, MN.