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3500 Westlake
(844) 349-3801
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Cliffs At Barton Creek Apartments
(512) 551-1775
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Ballpark North
(512) 445-9601
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The Barrington At Park Place
(512) 835-0982
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Davies Ranch
(512) 388-6080
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4619 N Interstate Hwy
(214) 556-0840
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4619 N Interstate Hwy
(214) 556-0840
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The Nine On Shoreline
(844) 372-9659
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Apartments Under $500 in Austin, TX

1 of 8 Results
19
$ Ask - 2,967
3500 Westlake
3500 North Capital Of Texas Highway Austin, TX
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
10
$ Ask - 1,730
Cliffs At Barton Creek Apartments
3050 Tamarron Blvd. Austin, TX
1 BR | Mar. 30, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
10
$490
PER
ROOM
Ballpark North
4600 Elmont Dr Austin, TX
4 BR | Aug. 19, 2023
Contact
Dog Friendly
Cat Friendly
Student
East End
11
$ Ask - 1,770
The Barrington At Park Place
3220 Duval Road Austin, TX
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
11
$ Ask - 2,340
Davies Ranch
12113 Dessau Road Austin, TX
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
7
$454
4619 N Interstate Hwy
Austin, TX
1 BR | Ask for Availability
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7
$429
4619 N Interstate Hwy
Austin, TX
Studio | Ask for Availability
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38
$ Ask - 2,193
The Nine On Shoreline
3501 Shoreline Drive Austin, TX
3 BR | Apr. 15, 2023
Contact
Dog Friendly
Cat Friendly
Income Restricted
Covered Parking
Balcony, Deck, Patio
1 - 8 of 8 Results
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  2. Austin
  3. Apartments Under $500

How much does it cost to rent an apartment in Austin?

Austin Apartments
Bed Type Average Rent Range
Studio $1,410 $930 - $2,370
1BR $1,560 $1,110 - $2,840
2BR $1,950 $1,320 - $3,880
3BR $2,400 $1,440 - $6,000
4+BR $2,990 $680 - $25,000
Frequently Asked Questions

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

Rentable.co has over 113,455 apartments available in Austin.

What is the average rent for a studio apartment in Austin, TX?

The average rent for a studio apartment in Austin is around $1,410 per month.

What is the average rent for a one-bedroom apartment in Austin, TX?

The average rent for a one-bedroom apartment in Austin is around $1,560 per month.

What is the average rent for a two-bedroom apartment in Austin, TX?

The average rent for a two-bedroom apartment in Austin is around $1,950 per month.

How expensive is living in Austin, TX?

Based on average rent prices in Austin, to afford a studio apartment you would need an annual salary of $56,000 to live comfortably.

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

Rentable.co has 8 apartments under $500 available for rent in Austin.

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

  1. North University
  2. Triangle State
  3. East End
  4. Market District
  5. Dawson

Asset 2
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Austin:
March Rent Report

Welcome to the March 2023 Austin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Austin rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Austin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Austin average rent prices in the chart below.

Monthly Rent Report

Austin Rent Prices Increase From February to March

Austin rent prices increased over the last month. From February to March, the city experienced a 0.51% increase for the price of a one-bedroom apartment. The rent price for a Austin one-bedroom apartments currently stands at $1,578.0.

When we take a look at the two-bedroom comparison from February to March, Austin experienced a 0.35% increase for the price of a two-bedroom apartment. The rent price for a Austin two-bedroom apartments currently stands at $1,979.0.

March Prices: Austin vs. Surrounding Areas

Rent Prices in Austin and Surrounding Areas

Rent prices have increased in Austin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Austin suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Pflugerville, TX, San Marcos, TX, Georgetown, TX .

  • Rent decreased in Round Rock, TX, Cedar Park, TX, Leander, TX, Kyle, TX.

  • 7 suburbs are currently priced lower than the city of Austin.

March 2023 Pricing Trends: Austin vs. National Comparisons

Austin Rent Prices More Affordable Than Major Cities

Rent growth in Austin over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Austin average rent prices appear to be relatively affordable for local residents.

The price for a Austin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Austin and surrounding area rent prices, take a look at the complete data set below.

Data set for Austin and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Austin, TX $1,570.0 -0.25% $1,972.0 0.10%
Round Rock, TX $1,445.0 -0.76% $1,770.0 -1.28%
Cedar Park, TX $1,489.0 -0.53% $1,890.0 -0.68%
Pflugerville, TX $1,548.0 0.52% $1,919.0 0.26%
San Marcos, TX $1,143.0 0.09% $1,371.0 0.96%
Georgetown, TX $1,421.0 0.64% $1,792.0 -0.17%
Leander, TX $1,525.0 0.00% $1,896.0 -0.05%
Kyle, TX $1,572.0 -0.06% $2,057.0 1.88%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.