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Apartments Under $500 in Austin, TX

1 - 8 of 8 Results
36
$ Ask - 14,557
Juniper Springs Apartments
4.4
3500 Greystone Drive Austin, TX
2 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
Dishwasher
Pool
1
$ Ask - 999
The Square
4316 Bull Creek Rd Austin, TX
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
25
$ Ask - 1,500
Preservation Square
904 W 21st St Austin, TX
1 BR | Aug. 7, 2026
Contact
Dog Friendly
Cat Friendly
The Drag
1
$ Ask - 1,395
2818 Nueces St
Austin, TX
1 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
North University
7
$454
4619 N Interstate Hwy
Austin, TX
1 BR | Ask for Availability
Contact
5
$429
4619 N Interstate Hwy
Austin, TX
Studio | Ask for Availability
Contact
19
$ Ask - 2,025
3500 Westlake
3500 North Capital Of Texas Highway Austin, TX
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
11
$ Ask - 2,340
Davies Ranch
12113 Dessau Road Austin, TX
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
1 - 8 of 8 Results
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Frequently Asked Questions

How many apartments under $500 are available in Austin, TX on Rentable.co?

There are 8 apartments under $500 in Austin currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Austin?

Rentable.co has 182 studio apartments under $500 available for rent in Austin.

How many one-bedroom apartments under $500 are available in Austin?

Rentable.co has 542 one-bedroom apartments under $500 available for rent in Austin.

How many two-bedroom apartments under $500 are available in Austin?

Rentable.co has 515 two-bedroom apartments under $500 available for rent in Austin.

Can I afford a apartment under $500 in Austin, TX?

To comfortably afford a apartment under $500 in Austin based on average rent prices, a household would need an annual income of $18,000.

Which neighborhoods have the most apartments under $500 for rent in Austin, TX?

  1. Market District
  2. Downtown Austin
  3. Triangle State
  4. East Cesar Chavez
  5. Blackland

Apartments Under $500 in Austin, TX: May Rental Information

Welcome to the "Apartments Under $500 in Austin, TX" report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for affordable apartments in Austin.
Our experts analyze the inventory trends for apartments under $500 — overall market rent distribution, availability by bedroom count, and month-over-month comparisons — in Austin and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for affordable apartments under $500 in Austin. Whether you are a student, young professional, or anyone looking for a budget-friendly option, this report is here to help you find the best rental deals in Austin, TX.
0 182 365 547 730 <$800 $860 $980 $1,100 $1,220 $1,340 $1,460 $1,580 $1,700 $1,820 $1,940 $2,060 $2,180 $2,300 $2,420 >$2,540

Available Apartments Under $500: Austin vs. Surrounding Areas

Austin, TX
Round Rock, TX
Pflugerville, TX
San Marcos, TX
53
8
6
3
The chart above shows the number of available apartments under $500 in Austin, TX and its surrounding cities as of May 2026. In Austin, there are a total of 72 apartments available in this price range. The chart also includes the number of available apartments in the surrounding cities, such as San Marcos, Niederwald, Bastrop, Kyle, Taylor, Lago Vista, The Hills, Lakeway, Pflugerville, Leander, Lockhart, Buda, Georgetown, West Lake Hills, Cedar Park, Wimberley, Round Rock, Del Valle, Elgin, Hutto, Manor, Dripping Springs, Manchaca, Spicewood, Bee Cave, and Liberty Hill. This information provides prospective renters with an overview of the rental market for affordable apartments in the Austin metro area.

Apartments Under $500 Now vs. Last Month: Austin and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Austin, TX 53 +1.01%
Round Rock, TX 9 +0.94%
Pflugerville, TX 6 +1.12%
San Marcos, TX 3 +1.05%
Kyle, TX 3 +0.4%
Cedar Park, TX 2 +1.0%
Georgetown, TX 2 +0.9%
Manor, TX 2 +0.9%
Buda, TX 1 +0.83%
Hutto, TX 1 +1.0%

Looking for Apartments Under $500 in Austin?

Available apartments under $500 1,311
Top amenities Fitness Center, Dishwasher, Balcony/Deck/Patio, Refrigerator, Pool
Deals 42
Pet friendly 17
Utilities included 2
Furnished 27
1 Bedroom 44
2 Bedroom 47
3 Bedroom 16
Square footage 507 - 1,492

Where are Austin Apartments Under $500?

Top Neighborhoods Market district, Downtown austin, Triangle state, East cesar chavez, Blackland
Market District 4
Downtown Austin 2
Triangle State 2
East Cesar Chavez 2
Blackland 1
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