6 Ways to Save Money on Apartments in Downtown Austin

Downtown Austin has an energy all its own. Morning coffees on Rainey, live music spilling out of rooftops and a skyline that hums with possibility. But living at the center of it all often comes with a higher price tag.

Between premium locations, modern amenities and strong demand, luxury apartments downtown can add up quickly. Still, there are smart ways to experience this lifestyle and save money on apartments without giving up what you love.

At Paseo, we know how important it is to find the right fit at the right price. Here are six ways to make downtown living work for your budget.

Read Next: Apartment Fees in Downtown Austin: 13 Additional Costs You Might Not Expect

1. Consider a Smaller Floor Plan

Square footage comes at a premium in downtown Austin. Choosing a smaller layout is one of the simplest ways to save money on apartments while keeping the lifestyle you want. Studio and junior one-bedroom options still deliver modern design, smart storage and access to every amenity.

2. Sign Your Lease Early for Better Rates

Downtown apartments, especially new developments, lease quickly. Many communities release availability 60 to 90 days before move-in, and early signers often get the best incentives.

Signing early is one of the simplest ways to save money on apartments. It helps you secure lower pricing and take advantage of offers like waived fees or discounted parking. If you have your sights set on a specific view or floor plan, getting in early pays off.

Read Next: How to Lease a Downtown Austin Apartment in 4 Simple Steps

3. Rethink Parking to Save on Monthly Costs

Parking downtown can quietly eat into your budget. Most communities charge $150–$350 per month for a reserved space, before factoring in gas or other parking fees.

If you live and work near Rainey or Second Street, consider alternatives like biking, Austin’s CapMetro Rail or rideshare options. Walking more and driving less is another easy way to save money on your apartment expenses while staying connected to everything downtown.

Read Next: Ultimate Guide to Parking in Downtown Austin

4. Utilize Included Amenities

When comparing apartments, look closely at what’s included in your rent. Bundled extras like high-speed internet, fitness classes or co-working access can help you save money on apartments by reducing separate monthly memberships.

Read Next: A Closer Look Into the Amenities at Paseo

5. Minimize Furniture Costs

Fully or semi-furnished units can help you save money on apartment setup by cutting the cost of buying, moving and assembling furniture. 

If you prefer to personalize your space, explore Austin’s vintage shops and consignment stores or repurpose existing pieces to fit your new home. 

6. Consider a Roommate 

Splitting rent with a roommate can make luxury living far more attainable. Two-bedroom apartments often cost less per person than separate one-bedrooms, giving you more space and amenities for less.

Plus, living downtown means access to plenty of shared social spaces, making it easy to enjoy privacy when you need it and connection when you want it.

Read Next: How to Find Roommates in Downtown Austin

Living downtown doesn’t have to mean overspending. With the right timing, smart choices and a community designed to give you more for your money, it’s easy to save money on apartments while enjoying the best of Austin.

Ready to see how thoughtful design and downtown living come together? Explore Paseo’s floor plans and amenities to see how life on Rainey fits your lifestyle–and your budget.

Nirosha Perera

Nirosha is the general manager at Paseo, with eight years of experience in property management. She spent 24 years living in Dubai before moving to the U.S. When she’s not at work, you’ll find her kicking off the day at the gym, exploring new restaurants, or playing fetch with her cat, Shadow.

October 22, 2025

Living in Downtown Austin