As the city continues to grow, finding the cheapest neighborhoods in Austin remains a top priority for renters looking to balance cost and convenience. Whether you’re a first-time renter, or just looking to increase your savings, exploring apartments in Austin can help you find a community that fits your lifestyle and budget.
In this Rent. article, we’ll explore some of the most affordable neighborhoods in Austin, complete with neighborhood highlights and key details to help you find your perfect home.
Here’s a quick look at some of the most budget-friendly neighborhoods in Austin and what you can expect to pay for a one-bedroom apartment in each area.
| Neighborhood | Average 1-bedroom rent |
| South Austin | $933 |
| North Austin | $1,095 |
| North University | $1,150 |
| West Campus | $1,195 |
| Southeast Austin | $1,198 |
| Hyde Park | $1,210 |
| East Riverside – Oltorf | $1,246 |
| Windsor Park | $1,251 |
1. South Austin
Average 1-bedroom rent: $933 | YoY change: N/A
Average 2-bedroom rent: $1,269 | YoY change: -12%
Neighborhood highlights: Live music venues, vintage shops, access to Barton Creek Greenbelt
South Austin has always had a quirky, laid-back vibe. It’s one of the best spots for renters who want to be close to the action without paying downtown prices. The neighborhood is home to some of Austin’s most beloved food trucks, like Valentina’s Tex Mex BBQ, and local coffee spots like Radio Coffee & Beer. It’s also a great area for outdoor lovers, with easy access to Barton Creek Greenbelt for hiking and swimming.
2. North Austin
Average 1-bedroom rent: $1,095 | YoY change: -15%
Average 2-bedroom rent: $1,520 | YoY change: -7%
Neighborhood highlights: Tech corridor, major shopping centers, easy freeway access
North Austin is all about convenience. The area has tons of rental options, shopping centers, and easy highway access to the rest of the city. The Domain, Austin’s high-end outdoor mall, is right nearby, packed with restaurants, bars, and shops. But there’s also a strong local feel here, with hidden gems like Din Ho Chinese BBQ. The area is well-served by CapMetro’s rail line, making it one of the few affordable places in Austin where you can commute downtown without sitting in traffic.
3. North University
Average 1-bedroom rent: $1,150 | YoY change: -6%
Average 2-bedroom rent: $1,555 | YoY change: 0%
Neighborhood highlights: Historic charm, walkable streets, close to UT Austin
North University is a great pick for renters who want to be near the University of Texas. The tree-lined streets are full of older apartment buildings and small bungalows. Plus, you’re within walking distance of some of Austin’s best coffee shops, like Quack’s 43rd Street Bakery. It’s a very walkable and bike-friendly area, with frequent bus service that makes getting to downtown or UT easy.
4. West Campus
Average 1-bedroom rent: $1,195 | YoY change: -25%
Average 2-bedroom rent: $1,290 | YoY change: 1%
Neighborhood highlights: Local coffee shops, access to UT shuttle
In West Campus, there’s always something going on, whether it’s a local art event or live music at Hole in the Wall. The food options are endless, with everything from Tex-Mex to late-night pizza within walking distance. Because it’s so close to the University of Texas, the neighborhood is highly walkable, and CapMetro buses run frequently, making it easy to get anywhere in the city without a car.
5. Southeast Austin
Average 1-bedroom rent: $1,198 | YoY change: -10%
Average 2-bedroom rent: $1,567 | YoY change: -2%
Neighborhood highlights: Diverse dining, Riverside parks, major transit connections
Southeast Austin is a great spot for renters looking for affordability while still staying close to downtown. The area has a combination of older apartment complexes and newer developments. Plus, there’s plenty of green space at McKinney Falls State Park, which is perfect for hiking or cooling off in the waterfalls. While most people drive, CapMetro bus routes run along major roads like East Riverside and Oltorf, making it possible to get downtown without a car.
6. Hyde Park
Average 1-bedroom rent: $1,210 | YoY change: -5%
Average 2-bedroom rent: $1,727 | YoY change: -3%
Neighborhood highlights: Tree-lined streets, historic homes, cozy cafes
Hyde Park is a historic neighborhood in Austin. The area has tree-lined streets, cozy cafes, and older apartments that have a lot of character. With a high Walk Score and Bike Score, the neighborhood is incredibly walkable and bike-friendly. While it’s close to downtown, Hyde Park has a more laid-back, residential feel, making it a great choice for renters who want charm and convenience without the chaos. If you’re looking for an affordable, walkable neighborhood with a local feel, Hyde Park is hard to beat.
7. East Riverside – Oltorf
Average 1-bedroom rent: $1,246 | YoY change: 13%
Average 2-bedroom rent: $1,527 | YoY change: 12%
Neighborhood highlights: Lady Bird Lake access, booming nightlife, trendy apartments
East Riverside – Oltorf is a great spot for renters looking for value. The neighborhood is packed with apartment complexes, many of which have great views of Lady Bird Lake. Plus, there are tons of food options, from classic taco trucks to international spots like 888 Pan Asian Restaurant. The best part? You’re just a short bike ride from the Ann and Roy Butler Hike-and-Bike Trail. This makes it easy to enjoy the lake without dealing with downtown prices.
8. Windsor Park
Average 1-bedroom rent: $1,251 | YoY change: -20%
Average 2-bedroom rent: $1,569 | YoY change: -25%
Neighborhood highlights: Local bakeries, quiet streets, quick Mueller access
Windsor Park is one of Austin’s best-kept secrets. It’s close to Mueller, which means you’re just minutes from some of the best coffee shops, parks, and farmers’ markets in the city. You’ll also find local gems like Paco’s Tacos and easy access to major grocery stores like H-E-B. Public transit runs along 51st Street and Berkman Drive, making it relatively easy to get around without a car. If you’re looking for a quiet but well-connected neighborhood with plenty of local charm, Windsor Park is a great option.
Methodology: All neighborhoods listed are based on Austin’s Rental Market Trends on Rent.com. Average rental data and annual change data are sourced from February 2025.
