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Apartments under $500 for Rent in Austin, TX

18 Rentals

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Living & Renting in Austin

Austin at a Glance

Average Rent

$1,382
(All bedrooms and property types)
Learn more about
Average Rent in Austin
9

School Rating

out of 10 Rating
Learn more about
Schools in Austin
36

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Austin
59

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Austin

Austin, TX Apartments for Rent

Austin, the capital of Texas and home to the University of Texas, brings together government, education, and tech in the heart of the Lone Star State. If you're searching for apartments for rent in Austin, you'll discover a city that perfectly balances Texas tradition with a booming tech economy, drawing new residents from everywhere who want in on the growing job market and culture.

Renting in Austin opens doors to neighborhoods that match any lifestyle—from the energetic Downtown area near the Texas Capitol and Sixth Street's entertainment scene to laid-back spots like South Austin close to Zilker Park and Lady Bird Lake. You'll love the easy access to major tech, healthcare, and education employers, plus year-round outdoor fun along the Colorado River. Add in the legendary food truck scene and live music venues that make Austin the "Live Music Capital of the World," and you've got a city that delivers on all fronts. Whether you're eyeing modern high-rises near The Domain or hunting for budget-friendly options in North and East Austin, you'll find apartment communities that keep you plugged into everything this thriving city offers.

Why Austin?

  • A diverse music scene with over 200 venues and many festivals.
  • The Austin Golf Trail and golfing at more than 50 courses.
  • The top-rated University of Texas, home of the Longhorns.
  • Attending football games at the DKR Memorial Stadium.
  • Walking the 10 miles of hiking trails at beautiful Lady Bird Lake.
  • Over 200 parks and the Lady Bird Johnson Wildflower Center.

Renting in Austin

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Austin

(For 1 bedroom apartments)

Getting Around Austin

Transportation

56

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
59

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
36

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Score

Education

GreatSchools Rating

Public High School

Public
Grades 9-12
3,701 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
2,825 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
2,820 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
2,658 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,824 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,370 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
975 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
896 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,296 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,286 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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