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Apartments Under $500 in Austin, TX

1 - 7 of 7 Results
20
3D Tour
$320 - 435
PER
ROOM
Charming Austin home on a quiet street near parks
Deal
7900 Bramble Bush Dr Austin, TX
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$435
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
20
$500
Avon @ 22nd
911 W 22nd St Austin, TX
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
The Drag
7
$429
4619 N Interstate Hwy
Austin, TX
Studio | Ask for Availability
Contact
6
$454
4619 N Interstate Hwy
Austin, TX
1 BR | Ask for Availability
Contact
1
$500
Pecan Walk #305
3506 Speedway #305 Austin, TX
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
North University
25
$212
Preservation Square
904 W 21st St Austin, TX
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
The Drag
1 - 7 of 7 Results
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Frequently Asked Questions

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

There are 7 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 133 studio apartments under $500 available for rent in Austin.

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

Rentable.co has 837 one-bedroom apartments under $500 available for rent in Austin.

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

Rentable.co has 689 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. Triangle State
  3. Johnston Terrace
  4. The Drag
  5. East Cesar Chavez

Apartments Under $500 in Austin, TX: August 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 August 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.
0 142 285 427 570 <$800 $840 $920 $1,000 $1,080 $1,160 $1,240 $1,320 $1,400 $1,480 $1,560 $1,640 $1,720 $1,800 $1,880 $1,960 $2,040 $2,120 >$2,200
This month, the typical cost to rent a one-bedroom apartment in Austin stands at $1,300, with the majority falling between $750 and $2,140. Out of the 45,455 one-bedroom apartments currently on the market in Austin, 25 are priced below $500, accounting for 0% of the total available one-bedroom units in Austin.

Available Apartments Under $500: Austin vs. Surrounding Areas

Austin, TX
Round Rock, TX
San Marcos, TX
Pflugerville, TX
54
9
3
3
The chart above shows the number of available apartments under $500 in Austin, TX and its surrounding cities as of August 2026. In Austin, there are a total of 97 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 August M/M % Change
Austin, TX 54 +0.96%
Round Rock, TX 9 +0.96%
San Marcos, TX 4 +0.76%
Pflugerville, TX 4 +1.16%
Kyle, TX 2 +1.25%
Georgetown, TX 1 +1.11%
Liberty Hill, TX 1 +0.83%
Cedar Park, TX 1 +1.12%
Leander, TX 1 +0.83%
Hutto, TX 1 +1.0%

Looking for Apartments Under $500 in Austin?

Available apartments under $500 1,500
Top amenities Fitness Center, Air Conditioning, In Unit Laundry, Refrigerator, Microwave
Deals 29
Pet friendly 30
Utilities included 6
Furnished 1
1 Bedroom 39
2 Bedroom 29
3 Bedroom 17
Square footage 48 - 1,606

Where are Austin Apartments Under $500?

Top Neighborhoods Market district, Triangle state, Johnston terrace, The drag, East cesar chavez
Market District 4
Triangle State 2
Johnston Terrace 2
The Drag 2
East Cesar Chavez 2
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