Downtown Austin Homes under $500,000

Downtown Austin Homes under $500,000

Welcome to Downtown Austin, a vibrant hub where urban living meets eclectic charm! Nestled in the heart of Texas, this dynamic neighborhood is known for its unique blend of culture, music, and innovation, making it one of the most sought-after locations in the state. With a rich history and an ever-evolving landscape, Downtown Austin offers a lifestyle that is both exciting and convenient.

One of the standout features of Downtown Austin is its diverse range of homes. For those looking to invest in this thriving area, you’ll be pleased to know that there are charming properties available for under $500,000. These homes provide an excellent opportunity for first-time buyers, young professionals, and anyone looking to immerse themselves in the vibrant Austin culture without breaking the bank.

Imagine waking up to the sounds of live music wafting through your window or enjoying a leisurely stroll to the iconic South Congress Avenue, where you can explore trendy boutiques, art galleries, and mouthwatering eateries. The neighborhood is also home to beautiful parks, bustling farmers' markets, and an array of entertainment options, ensuring that there’s never a dull moment.

With its walkability, accessibility to public transportation, and a strong sense of community, Downtown Austin is not just a place to live—it's a lifestyle. Whether you’re searching for a cozy condo, a stylish loft, or a charming bungalow, the real estate options here promise to meet your needs while allowing you to experience all that this extraordinary city has to offer. Come discover your new home in Downtown Austin!

Newest Downtown Austin Homes under $500,000

1800 Lavaca St Unit 204, Austin
$168,000
1 Beds ⋅ 1 Baths ⋅ 3962260 MLS ⋅ 78701 Zip Code
Opportunity is Knocking. Super Value . Unbelievable Price. Impeccable Location. Magnificent Affordable Midrise bordering the University of Texas and Downtown. Open floorplan with custom ceramic tile through out with upgraded kitchen and bath with Maple Cabinets, Granite Counters, and Stainless Appliances. Secured Entry and Parking. HOA dues cover Electric, Water, Hot water, and Gas. One Block from the UT Campus and 5 blocks to the Capital.

1800 Lavaca St Unit 204, Austin
904 West Ave Unit 201, Austin
$329,900
2 Beds ⋅ 1 Baths ⋅ 3409573 MLS ⋅ 78701 Zip Code
Beautifully renovated clean Austin condo with additional flex space perfect for a 2nd bedroom or home office. The home features a brand new white kitchen with quartz countertops, stainless steel appliances, new LVP flooring throughout as well as an updated bathroom. Tremendous value at this price. Easy to show, bring all offers. Residents enjoy desirable community amenities including a pool, landscaped courtyard, elevator access, gated entry, and covered reserved parking. Ideally located in the heart of Austin, you're just minutes from premier dining, shopping, entertainment, Whole Foods, the Capitol, Lady Bird Lake, and Zilker Park

904 West Ave Unit 201, Austin
603 Davis St Unit 907, Austin
$330,000
1 Beds ⋅ 1 Baths ⋅ 4633454 MLS ⋅ 78701 Zip Code
A Downtown Austin Win, Just in Time for Football Season With Austin riding a wave of Longhorn energy, 603 Davis #907 at The Shore might be the easiest lock-and-leave downtown for game weekends, quick city trips, or full-time living. This 879-square-foot one-bedroom with a versatile bonus room was just refreshed with new wood floors and fresh paint throughout, including the ceilings. The open living plan leads out to a private patio with real outdoor space in the heart of downtown. The kitchen has quartz counters and stainless appliances, and the bonus room flexes into an office, a workout room, media space, or an oversized closet, whatever the buyer needs. The location does the rest. Steps from the Lady Bird Lake trail and Rainey Street, about 1.8 miles from DKR Memorial Stadium, with concierge, a pool, a fitness center, and reserved parking waiting at home. For a buyer who wants a downtown foothold without the upkeep, #907 is freshly updated, easy to own, and priced right. Call it the two-minute drill for UT season: land in Austin, lock up, and head for kickoff. No yard, no maintenance marathon, just a home base ready for game day and everything else Austin has to offer. 1 Bed | 1 Bath | Bonus Room | 879 SF | Private Patio | Reserved Parking Sometimes the simplest play is the best one. #907 is ready to score.

603 Davis St Unit 907, Austin
1700 Nueces St Unit 203, Austin
$269,999
1 Beds ⋅ 1 Baths ⋅ 4898295 MLS ⋅ 78701 Zip Code
Charming and peaceful studio living in the heart of downtown Austin, perfectly positioned near the University of Texas, museums, medical facilities and the city’s vibrant cultural scene. This inviting property combines a serene courtyard setting with exceptional urban convenience. Secure gated entry, mature trees and covered carport parking create a private, welcoming atmosphere. Inside, polished wood flooring, abundant natural light and custom built-in features create a warm, efficient space ideal for reading, writing or studying. A custom Elfa shelving and desk system valued at over $3,000 provides stylish, thoughtfully designed storage and workspace. The efficient galley kitchen features classic wood cabinetry, granite and stone countertops, breakfast bar and stainless steel appliances, including an electric range, microwave, dishwasher and refrigerator. The bathroom offers wood cabinetry, granite counters, built-in storage and a skylight above the tiled shower/tub combination. The entire building has undergone complete replacement of its electrical systems, offering an important modern improvement. Step outside to enjoy the beautiful courtyard, especially peaceful on rainy days, with birds and squirrels adding to the tranquil setting. Just minutes from Mozart’s Coffee Roasters along the Colorado River, this location puts downtown attractions, UT and the medical center close at hand. Unit may be sold furnished for added convenience.

1700 Nueces St Unit 203, Austin
1801 Lavaca St Unit 14-F, Austin
$375,000
1 Beds ⋅ 2 Baths ⋅ 1675730 MLS ⋅ 78701 Zip Code
Now’s your chance to live where UT, the Capitol, parks, museums, theaters and live music are part of the neighborhood, while coming home to a building where neighbors become friends. This property starts with a memorable location, an established building and a price that leaves room to make the home your own. The one-bedroom, one-bath condo offers a generous living and dining area wrapped in windows, with balcony access from both the living room and bedroom. The kitchen and bath remain in their original condition, giving the next owner the freedom to move in now, update over time or rethink the space from the beginning without paying for someone else’s renovation choices. Much of Austin is waiting just outside the building. Walk west to Pease Park or east toward the Waterloo Greenway. UT, Dell Seton Medical Center and the Capitol Complex are nearby, along with the Moody Center, Bass Concert Hall, museums, theaters and the Harry Ransom Center. From the balcony and living room, views toward UT include a front-row look at the Tower and its graduation light show. The HOA simplifies ownership by covering utilities, high-speed internet and cable television. Residents also enjoy 24-hour security and concierge service, an attended parking garage with reserved parking, a fitness center, meeting room, heated pool and spa beneath mature oaks, and an expansive rooftop terrace with panoramic views across downtown, the Capitol and the Hill Country. An active social calendar includes a book club, resident lectures and movie nights, while the building remains intimate enough that neighbors get to know one another. Whether used as a primary home, UT housing alternative, game-day retreat or lock-and-leave, this unit is priced to make the possibilities worthwhile. The interior can change whenever the next owner is ready. The location, views and community are already here.

1801 Lavaca St Unit 14-F, Austin
48 East Ave Unit 2605, Austin
$495,000
1 Beds ⋅ 1 Baths ⋅ 9961873 MLS ⋅ 78701 Zip Code
*Free 1 point rate buy down - low 6% interest rate - details attached to MLS* Experience modern urban living within the vibrant, culture-rich energy of the historic Rainey Street District. Perched high above the city in a premier 33-story high-rise tower, this sophisticated residence captures sweeping, unobstructed skyline vistas through dramatic floor-to-ceiling glass. Industrial chic design meets contemporary luxury, featuring soaring exposed concrete ceilings and warm wide-plank wood flooring throughout the seamless, light-filled layout. The chef-inspired kitchen boasts sleek, dark flat-panel cabinetry paired with open floating timber shelving, stylish terrazzo-tiled backsplashes, streamlined quartz counters, and premium integrated stainless-steel appliances. Adjacent, a clever built-in dining banquette maximizes spatial flow, leading to a dedicated laundry space equipped with a stacked front-loading washer and dryer. Relax in the airy living space or retreat to the tranquil primary suite framed by panoramic window walls. The spa-like primary bath showcases dark terrazzo-style tile walls, a floating dual vessel sink vanity with sleek matte black hardware, and an expansive walk-in frameless glass shower. Offering ideal versatility for both savvy investors and end-users, this turn-key residence currently operates as a successful short-term rental with established revenue stream potential. Incoming owners enjoy flexible options, whether continuing to capitalize on nightly guest stays, placing a long-term tenant, or moving in to enjoy the high-rise lifestyle firsthand. Resort-style amenities elevate daily life, including a rooftop pool deck with an outdoor fireplace and lounge, a 33rd-floor clubroom, state-of-the-art fitness center with a Peloton studio, yoga space, dog park, pet-washing station, bike storage, and lobby coffee bar—all steps from Lady Bird Lake and the Ann and Roy Butler Hike-and-Bike Trail. For more info, go to: https://wkf.ms/42uD2XF

48 East Ave Unit 2605, Austin
84 East Ave Unit 2002, Austin
$485,000
1 Beds ⋅ 1 Baths ⋅ 9857376 MLS ⋅ 78701 Zip Code
Located on the 14th floor of Vesper, this residence offers an extraordinary opportunity to experience Downtown Austin from one of the city's most coveted new luxury high-rises. Floor-to-ceiling walls of glass frame breathtaking panoramic views of the iconic Austin skyline, and the rolling Texas Hill Country, creating an ever-changing backdrop from sunrise to sunset to the sparkling city lights after dark. Designed for effortless luxury and sophisticated entertaining, the expansive open-concept floor plan seamlessly blends refined living with exceptional functionality. The chef's kitchen is appointed with premium appliances, custom cabinetry, and elegant finishes, while generous living spaces create an atmosphere that is both striking and comfortable. The spacious primary suite offers a true private retreat, complete with a spa-inspired bath, abundant storage, and a sense of tranquility rarely found in the heart of Downtown Austin. An in-unit laundry room and thoughtfully designed layout provide the comfort and convenience of a single-family home within a luxury condominium. Vesper elevates everyday living with an exceptional collection of amenities, including 24-hour concierge service, secure gated parking, a state-of-the-art fitness center, curated art gallery, elegant resident lounge, private dog run, and Austin's highest rooftop pool with sweeping skyline views. Just steps from the acclaimed restaurants, nightlife, waterfront trails, and outdoor recreation of Rainey Street and Lady Bird Lake, residents enjoy an unmatched walkable lifestyle in one of Austin's most vibrant neighborhoods. Exceptional architecture, elevated service, remarkable views, and an unbeatable location come together in perfect harmony, and this offering presents a rare opportunity to own a brand-new luxury residence. NOTE: some photos shown may be of similar units. There are more units available in the building, inquire with listing agent for inventory. Unit leased through 1/21/2027

84 East Ave Unit 2002, Austin
360 Nueces St Unit 1114, Austin
$479,000
1 Beds ⋅ 1 Baths ⋅ 4391903 MLS ⋅ 78701 Zip Code
Welcome to an exceptionally high-tech downtown condo designed for effortless everyday living. Located on the 11th floor of 360 Condominiums, this move-in-ready residence features a warm, modern renovation with maple wood flooring and custom horizontal maple wall paneling throughout the hallway, living room and bedroom. At the center of the home, crisp white cabinetry brightens the renovated kitchen and contrasts with the rich wood finishes. Updated, app-enabled appliances add convenience, including a refrigerator with two ice-size options and an automatically refilling filtered-water pitcher. The kitchen opens naturally to the dining and living areas, ideal for quiet mornings, working from home or entertaining friends. Arriving home is an experience of its own. With the push of a button, the Control4 home automation system can open the electric blinds, turn on the lights, display your preferred LED color setting across four walls, adjust the thermostat, and activate the television and five-speaker surround-sound system. The home’s lighting, blinds, televisions, sound system and thermostat can be controlled through wall switches, remote controls or an app on your phone—allowing you to set the atmosphere before arriving home or make adjustments from bed. The spacious, fully enclosed bedroom provides true privacy and a large walk-in closet. In the renovated bathroom, a walk-in shower, floating vanity and modern finishes create a clean, relaxing retreat. A tankless water heater—an uncommon upgrade at 360—provides added convenience and creates additional storage space. The balcony offers an especially green downtown view overlooking the trees of Shoal Creek. Residents enjoy 24-hour concierge service, secure parking, a heated lap pool, fitness center, clubroom, theater, conference room, grilling and lounge areas, a dog park and complimentary fiber internet—all near Lady Bird Lake, the Second Street District and downtown Austin dining, shopping & entertainment.

360 Nueces St Unit 1114, Austin
360 Nueces St Unit 1301, Austin
$429,000
1 Beds ⋅ 1 Baths ⋅ 3418824 MLS ⋅ 78701 Zip Code
13th-floor end unit with panoramic Downtown Austin views and Lady Bird Lake. Highly desirable southeast-facing A9 floor plan with 10-foot ceilings, floor-to-ceiling windows, wood floors throughout, fresh paint, high design details and a private balcony overlooking the city. The layout lives larger with a bright open kitchen/living area and bedroom tucked away from the main entertaining space for added privacy. In-unit laundry and reserved covered parking, conveniently located near the elevator. Jazzy 360 sits along Shoal Creek within easy walking distance of Trader Joe’s, Seaholm, Austin Central Library, 2nd Street, Republic Square, the Warehouse District and connections to the Lady Bird Lake hike-and-bike trail. Walk to groceries, coffee, restaurants, nightlife and the trail. Building amenities include 24-hour concierge, 70-foot lap pool, cabanas, fitness center, clubroom, business/conference spaces, grilling and outdoor gathering areas, theater and pet amenities. A well-positioned end unit with the views, parking, amenities and walkability people come downtown for. The location is a major part of the value. 360 sits along Shoal Creek within easy walking distance of Trader Joe’s, Seaholm, Austin Central Library, 2nd Street, Republic Square, the Warehouse District and connections to the Lady Bird Lake hike-and-bike trail. Walk to groceries, coffee, restaurants, nightlife and the trail without having to get in the car. Building amenities include 24-hour concierge, 70-foot lap pool, cabanas, fitness center, clubroom, business/conference spaces, grilling and outdoor gathering areas, theater and pet amenities. A well-positioned end unit with the views, parking, amenities and walkability. No car required.

360 Nueces St Unit 1301, Austin
1800 Lavaca St Unit 512, Austin
$174,900
1 Beds ⋅ 1 Baths ⋅ 9126798 MLS ⋅ 78701 Zip Code
Welcome to Greenwood Towers, where mid-century charm meets modern convenience in the heart of Austin. This 1- bedroom, 1-bath condominium offers an unbeatable location just steps from the University of Texas campus and the iconic Bob Bullock Texas State History Museum, with countless restaurants, coffee shops, and cultural destinations all within easy walking distance. Inside, you'll find a move-in-ready unit featuring brand-new stainless steel appliances — including a new dishwasher, stove, and refrigerator — set against freshly painted walls and warm bamboo hardwood floors. The galley kitchen offers ample cabinet storage, while the open living area is bathed in natural light through floor-to-ceiling windows with sweeping views of the MLS and Guadalupe St. The spacious bedroom features a built-in shelving and dresser unit with generous closet space. Building amenities include a beautifully lobby, community courtyard, and on-site laundry facilities. An assigned parking spot is included. Best of all, the HOA covers electricity, gas, trash, water and wastewater — making this one of Austin's most cost-efficient addresses for urban professionals, students, and investors alike. Don't miss your chance to own a piece of one of Austin's most walkable and vibrant neighborhoods. Schedule your showing today!

1800 Lavaca St Unit 512, Austin
1212 Guadalupe St Unit 903, Austin
$437,500
1 Beds ⋅ 1 Baths ⋅ 9299550 MLS ⋅ 78701 Zip Code
Experience the best of downtown living from this spacious one-bedroom residence at The Penthouse. Perched on the 9th floor, this north-facing home is filled with natural light through an entire wall of windows, showcasing sweeping views of the Austin skyline and Hill Country. A welcoming entry with built-in bookcases opens to an expansive living area with ample space for a home office, reading nook, or additional seating. The updated eat-in kitchen features granite countertops, refreshed cabinetry, stainless steel appliances, and a double oven. Throughout the home, polished concrete floors and finished ceilings create a clean, modern-industrial aesthetic. The generous bedroom includes a reimagined walk-in closet and a beautifully updated bathroom complete with a dual-sink vanity, walk-in shower, and plumbing for an all-in-one washer and dryer. Residents enjoy one deeded, covered parking space in the controlled-access garage. Monthly HOA dues include electricity, gas, water, sewer, trash, and common area maintenance, offering exceptional value and convenience. Located just two blocks from the Texas State Capitol and approximately one mile from The University of Texas, this highly walkable downtown location places restaurants, entertainment, shopping, and everyday conveniences just moments from your doorstep.

1212 Guadalupe St Unit 903, Austin
70 Rainey St Unit 2203, Austin
$499,990
1 Beds ⋅ 1 Baths ⋅ 6027648 MLS ⋅ 78701 Zip Code
Experience elevated downtown living in the heart of Austin’s vibrant Rainey Street District. This stylish 1-bedroom, 1-bath residence features soaring high ceilings, an open-concept layout, and floor-to-ceiling windows that fill the space with natural light, creating an airy and spacious feel rarely found in one-bedroom downtown condominiums. Enjoy partial water views from the living area, adding a sense of openness and connection to Austin’s iconic waterfront setting. The thoughtfully designed interior offers a seamless flow between living, dining, and kitchen spaces—ideal for both everyday living and entertaining. Residents enjoy access to full-service luxury amenities, including a resort-style pool, state-of-the-art fitness center, resident lounge, and 24-hour concierge services. Step outside and you’re moments from Lady Bird Lake trails, renowned dining, nightlife, and downtown employers. This home is ideal for professionals, urban lifestyle buyers, or investors seeking a premier downtown location with low-maintenance living. Seller financing may be available with acceptable terms. Inquire for details. A rare opportunity to combine location, partial water views, high ceilings, and flexible purchase options in today’s interest-rate environment.

70 Rainey St Unit 2203, Austin
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