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Apartments Under $500 in Austin, TX

1 - 13 of 13 Results
16
3D Tour
$485
PER
ROOM
Modern Austin Home Near Walnut Creek Greenbelt
Deal
12401 Uttimer Ln Austin, TX
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$335
PER
ROOM
Spacious south austin home near downtown & McKinney Falls
Deal
8000 Forbsdale Dr Austin, TX
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
18
3D Tour
$350 - 360
PER
ROOM
Stylish south austin escape surrounded by nature and city convenience
Deal
7900 Rosenberry Dr Austin, TX
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$480
PER
ROOM
Spacious & comfy Willow Run home by Mills Pond
Deal
15509 Ozone Pl Austin, TX
1 BR | Available Now
Contact
Heat Included
Virtual Tour
House
In Unit Laundry
8
$ Ask - 3,600
Lone Star Lofts
2408 Leon St Austin, TX
4 BR | Aug. 7, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
13
$ Ask - 1,365
3405 Helms St
Austin, TX
1 BR | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
26
$ Ask - 1,500
Preservation Square
904 W 21st St Austin, TX
1 BR | Aug. 7, 2026
Contact
Dog Friendly
Cat Friendly
The Drag
7
$429
4619 N Interstate Hwy
Austin, TX
Studio | Ask for Availability
Contact
7
$454
4619 N Interstate Hwy
Austin, TX
1 BR | Ask for Availability
Contact
7
$500
2510 San Gabriel St
Austin, TX
1 BR | Available Now
Contact
The Drag
1
$ Ask - 1,850
Classic Hyde Park 2 Bed Apartment
4200 Speedway Austin, TX
2 BR | Aug. 2, 2026
Contact
Cat Friendly
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
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
1 - 13 of 13 Results
  1. Home
  2. Austin
  3. Apartments Under $500
Frequently Asked Questions

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

There are 13 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 10 studio apartments under $500 available for rent in Austin.

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

Rentable.co has 522 one-bedroom apartments under $500 available for rent in Austin.

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

Rentable.co has 422 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. North University
  2. Market District
  3. Triangle State
  4. The Drag
  5. Sweetbriar

Apartments Under $500 in Austin, TX: February 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 February 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.
0 165 330 495 660 <$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
48
7
5
3
The chart above shows the number of available apartments under $500 in Austin, TX and its surrounding cities as of February 2026. In Austin, there are a total of 81 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 February M/M % Change
Austin, TX 49 +0.89%
Round Rock, TX 7 +1.0%
Pflugerville, TX 5 +0.52%
San Marcos, TX 3 +1.05%
Cedar Park, TX 2 +1.15%
Hutto, TX 2 +1.0%
Manor, TX 1 +0.83%
Kyle, TX 1 +1.0%
Buda, TX 1 +1.0%
Wimberley, TX 1 0.0%

Looking for Apartments Under $500 in Austin?

Available apartments under $500 1,170
Top amenities Fitness Center, In Unit Laundry, Pool, Clubhouse, Pet Friendly Community
Deals 97
Pet friendly 89
Utilities included 14
Furnished 27
1 Bedroom 83
2 Bedroom 50
3 Bedroom 15
Square footage 143 - 1,341

Where are Austin Apartments Under $500?

Top Neighborhoods North university, Market district, Triangle state, The drag, Sweetbriar
North University 11
Market District 3
Triangle State 2
The Drag 1
Sweetbriar 1
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