Myself, used live in Austin and currently living in Denver, Colorado. I do believe ur describle about costs in Austin is cheap to me. Compare with Denver, ouch!
Plus no tax on food during shopping in State of Texas, that's big advantage (admit I still envy). Depend on which apartment or house can offer lease (some prefer 6 months only, one year, or both).
Used live in Austin around 6 years ago. I do remmy I lived in the apartment on Lamar Blvd and Rundberg Ln. Costs me and my then roomate about $500 for one bedroom. If I want a pet then have to pay deposit $300 (pet policy prefers 30 pounds or less). Beware, if move out with my pet, the apt keep $150 and give me $150 back if no damage. That apt only offer 6 month lease. Not having any one year lease. *yuck*
That's true about some House landlord don't check people's credit history. Maybe, u can ask one of ur family for being a co-signer for ya. Sometime, I feel cheap rents are often found in some area with high crime. (remmy that's my prespective).
Notice many college(ACC/UT) kids live on Riveside area, N. Lamar Blvd and Guadalupe St. during my residency in Austin at that time.
In my opinion, just living with roomates with similiar clean freak or messy, smoking or not, pet perference, privacy agreement (about sex, ofc), and be respect each other over food, furniture, and guests.