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Cheap Apartments for Rent in Austin, TX
656 Rentals Available


Austin’s average rent reached $1,417 in April

Austin’s average rent reached $1,417 in April, after a 0.5% decrease since last year. A thriving economic and cultural center and a renter-majority city (51%), Austin is a popular location to call home, with apartment rents similar to the national average of $1,417. [View Full Report]

Austin apartment rent report

Austin’s average rent reached $1,417 in April

Austin’s average rent reached $1,417 in April, after a 0.5% decrease since last year. A thriving economic and cultural center and a renter-majority city (51%), Austin is a popular location to call home, with apartment rents similar to the national average of $1,417.

While the average rent for an apartment in Austin decreased, in Cedar Park ($1,351) prices saw a 2.3% rise since last year. Meanwhile, apartment rates in Round Rock went up by 3.3%, reaching a $1,244 average.

Austin apartment rent report

What it costs to rent in the largest renter hubs in the Austin area

San Marcos, the city with the largest renter share (69%) in the Austin area, has a $1,453 average rent, after a 0.3% annual decrease. Austin comes in second, followed by Round Rock, where 37% of residents are tenants.

Buda has the fourth largest share of renters (34%), with apartments going for $1,317, after a 6.4% annual increase. Last but not least, Kyle's 31% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,199 in April , going up by 0.1% in the past year. 

The priciest and cheapest cities for renters in the Austin area

San Marcos is the priciest city for renters in the Austin area, with apartments renting for $1,453 per month. Leander’s $1,444 rate is the second most expensive, while apartments in Austin ($1,417) come in third.

For renters in search of budget-friendly apartments, Kyle's $1,199 average rent is the cheapest in the Austin area, followed by Round Rock's $1,244 rate. Pflugerville rentals are the third least pricey on the list, with a $1,295 average rent as of April.

Austin apartment rents in popular ZIP codes for renters

Among Austin's most popular renter ZIP codes, 78741 has a $1,325 average rent, below the city average ($1,417). At the same time, rentals in ZIP 78758 go for $1,347, while prices in ZIP 78704 circle around $1,607. Apartment rents in ZIP 78759 clock in at around $1,248, lower than the Austin average, while rates in ZIP 78753 average at $1,136.

Check out how average rents evolved across the Austin area

Austin apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Austin, TX?

The price range of a cheap apartment is between $850 and $11,249. Find cheap apartments in Austin, TX.

How many cheap rentals are available in Austin, TX on RENTCafé?

There are 596 cheap rentals available on RENTCafé. Prices and availability in Austin, TX were last updated on 27 Jul 2021.

What is the average size of a cheap apartment in Austin, TX?

The average Austin, TX cheap apartment size is 862 sq. ft.

What are the advantages of renting a cheap apartment in Austin, TX?

Cheap apartments in Austin, TX are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Austin, TX?

A cheap apartment in Austin, TX offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Austin, TX.

Renting a Cheap Apartment in Austin

There are so many reasons to rent an Austin TX apartment.  The cultural hub of the South Central U.S. and the Texas capital, Austin’s famous South by Southwest music, film and TV festival, which happens each year in March, has put this already-happening Texas city even more prominently on the map. In fact, Austin now calls itself “The Live Music Capital of the World.” Known for its attractiveness to the young and hip, Austin is a city where something is always happening, whether it is a great new band playing, a rodeo or a football game. You can’t help but be infected by the youthful energy here (the majority of the population is between ages 25 and 44), and Texas’ warm weather is another plus. Austin is booming with new companies and entrepreneurial opportunities, and the BBQ restaurants and worldwide ethnic fare offerings make Austin hard to beat.  Now get ready to find a new apartment in Austin, TX with RENTCafe

Austin, TX Demographics

  • Total Population950,807
  • Female 482,605
    Male 468,202
  • Median Age33.3

Average Rent in Austin, TX

  • Austin, TX Average Rental Price, June 2021 $1,539 /mo

Austin, TX Apartment Rent Ranges

Austin, TX Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jun / 2021
Austin, TX $1,299 $1,338 $1,368 $1,370 $1,427 $1,442 $1,445 $1,410 $1,372 $1,411 $1,539
National $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,404 $1,482
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Austin, TX Households

  • Total Number of Households380,392
  • Family 197,674
    Non-family 182,718
  • Children 102,757
    No Children 277,635
  • Average People Per Household2.44
  • Median Household Income$71,576
  • Median Housing Costs Per Month$1,397

Austin, TX Education Statistics

Looking for a cheap apartment for rent in Austin, TX? With RENTCafé, finding an affordable apartment in Austin, TX has never been easier. We feature 656 low-priced rentals directly from property managers, with rents lower than the Austin, TX average. What is a cheap rent in Austin, TX? The average apartment rent in Austin is $1,539 per month so any rental south of $1,231 would be considered cheap here. On RENTCafé, Austin, TX rents go as low as $820/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!