The Cheapest Option in 78729 — But Is Cheap Enough? For Rent

  • $746 - $1136

Flats on San Felipe Apartments Review in Austin: Honest Review, True Costs, and What Listing Sites Leave Out


When you look at as many Austin apartments as I do, patterns show up fast. Flats on San Felipe keeps landing in my client searches for one simple reason: the rent. One bedrooms starting in the $700s in a 78729 zip code. That’s roughly 50% below Austin’s citywide average per ApartmentHomeLiving’s June 2026 numbers. As a licensed Texas REALTOR (TX #679806) who tracks pricing across 1,000+ Austin communities, I’ve learned to ask the next question when numbers look that good: what’s the catch?

It starts with a year: 1985.

That’s when this property was built. The 2017 renovation gave it updated finishes in some units, but renovations don’t fix 1985 plumbing or add soundproofing to walls that were never built for it. Here’s what listing sites won’t show you: the pest complaints, the parking headaches, and the management turnover that 143 Google reviewers have talked about over the years. This review breaks all of that down.


Quick Facts

Field Details
Address 7920 San Felipe Blvd, Austin, TX 78729
Year Built 1985 (Renovated 2017)
Total Units 360
Management Cushman & Wakefield Living
Property Website theflatsonsanfelipe.com
Rent Range $746 – $1,136 (base rents)
Income Requirement 2.5x monthly rent (total household, before taxes)
Pet Policy 2 pets max, 80 lb limit, $350/pet fee + $15/mo pet rent. Breed restrictions unclear (FAQ says aggressive breeds banned, listing data says none). Confirm before applying.
Current Special $500 gift card on select units (expires 10/6/2026)
Application Fee $60 per person
Admin Fee $175
Minimum Lease 3 months
Property Pays Trash, Water
Google Rating 3.5 stars (143 reviews)
ApartmentRatings 92 reviews

The 3.5 Google rating tells part of the story, but not all of it. I’ll break down why 22 reviewers tag “lease break” and 31 mention “friendly staff” in the sections below.

Best For

You’re working with a tight budget and need to stay in the 78729 area. Base rents starting at $746 are about as low as you’ll find in Northwest Austin without going income restricted. The nearby competition backs this up: Urban North next door starts at $850, Bridge at Balcones starts at $1,109, and Aspire North Austin starts at $1,000. Flats on San Felipe is cheaper than everything nearby.

Your income is tight and you keep getting denied at 3x properties. Most Austin apartments require 3x rent. Flats on San Felipe only asks for 2.5x. At $820/month, that means you qualify at $2,050/month gross income, or about $11.83/hour. At a standard 3x property, you’d need $2,460. That $410 gap decides whether you get approved or denied.

You have a dog between 50 and 80 pounds. The 80 lb weight limit matters. Most Austin apartments cap at 50 to 75 pounds. If you’ve got a Lab, a Husky, or a Shepherd mix, your options just got wider. The dog park and walking trail on the property are a plus. One note: the property’s FAQ says aggressive breeds are not permitted, even though the listing data says no breed restrictions. If your dog is a breed that usually ends up on the banned list, confirm with the leasing office before applying.

You need a short lease. The 3 month minimum is rare. Most Austin apartments require 12 months. If you’re between housing situations, starting a new job, or just figuring out which Austin neighborhood fits, a short term option at this price point is hard to find.

You want space for the money. The larger one bedroom (A4) gives you 827 square feet starting at $891. A lot of Austin one bedrooms in the $1,400-$1,800 range offer 650 to 750 square feet. You’re getting more room for less money here, full stop.

Skip If

Noise sensitivity is a dealbreaker. This is 1985 wood frame construction. That means you will hear your neighbors. Multiple reviews describe thin walls and neighbor noise. The 2017 renovation updated interior finishes but didn’t help with the noise.

You need consistent, fast maintenance. Reviews are split on this. Some praise Mr. Maikol by name for quick fixes. Others describe 3+ week waits for basic repairs like washing machines, dryers, and AC units. If something breaking and staying broken for weeks would mess up your routine, that matters.

You want modern amenities in your unit. Some units have washer/dryer connections. Some have a full size washer/dryer supplied. The studio (A1) has no W/D connection at all. The property has laundry rooms as the backup, but in-unit laundry isn’t available in every unit.

Pest issues concern you. I’ll get into this more in the Uncomfortable Truth section, but multiple reviews from the past 12 months describe cockroach infestations. This shows up across every review platform, not just one complaint.


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Location Deep Dive

What’s Actually Nearby

Flats on San Felipe sits on San Felipe Boulevard in the Hunters Chase area of Northwest Austin, just south of where 183 meets the 45 Toll. It’s a suburban pocket. Car dependent, but running errands is easy.

The H-E-B on Lakeline Mall Drive is about 1.5 miles away. Lakeline Mall is roughly 2 miles north with a Target and Best Buy. The Water Tank, a local bar and grill, is right up the road. Summer Moon coffee is within a couple miles. Round Rock Premium Outlets are about 10 minutes north.

You’ll drive for everything. No walkable coffee or grocery runs. Zillow gives the property a transit score of 27 out of 100.

Commute Math

Destination Distance Off-Peak Rush Hour
Downtown Austin ~15 mi 20-25 min 40-55 min
The Domain ~7 mi 12-15 min 20-30 min
Apple (Parmer Campus) ~6 mi 10-12 min 15-20 min
Round Rock ~8 mi 12-15 min 18-25 min
Austin-Bergstrom Airport ~25 mi 25-30 min 45-60 min
Cedar Park ~7 mi 10-12 min 15-22 min

Route notes: You’ll mainly use 183 and the 45 Toll. 183 northbound backs up during evening rush. The 45 Toll saves 10-15 minutes but costs $2-$5 depending on the route. MoPac is an option headed south toward downtown, but it gets ugly between 4:30 and 6:30 PM.

Neighborhood Vibe

This isn’t a hip Austin neighborhood. It’s a quiet, suburban stretch near Anderson Mill and Pond Springs. Strip malls, chain restaurants, and older apartment communities line the main roads. The schools here are Round Rock ISD (Pond Springs Elementary, Deerpark Middle, McNeil High), which is one of the stronger districts in the Austin metro.

The honest take: if you want Austin’s “weird” culture, live music, and walkable bar scenes, this isn’t it. The Downtown Austin apartments guide covers what that lifestyle actually looks like. But if you want affordable rent, a quiet area, and easy access to tech jobs along the 183 corridor? This location makes practical sense. I break down how different the north side micro-neighborhoods are in the North Austin apartments guide.

Here’s a tip from someone who lived here: request a unit near the center or back of the complex. San Felipe Boulevard gets noisy with traffic, and parking is less crowded in those areas.

Pricing and True Cost

Floor Plans

Floor Plan Bed/Bath Sq Ft Base Rent Availability
A1 (Studio) 0/1 432 $746 On Notice
A2 1/1 533 $746 Available
A3 1/1 736 $820 Available
A4 1/1 827 $891 Available
B1 2/1 885 $1,026 Available
B2 2/2 1,014 $1,136 On Notice

Note: The pricing page shows rents going much higher (up to $3,059 for the B2). Those upper numbers are for premium units, short term leases, or furnished options. The base rents above are what you’ll likely pay on a standard 12 month lease. Just confirm the exact rent on your unit before you apply.

Here’s something to look at: the A2 one bedroom starts at $746 for just 533 square feet, while the A3 starts at $820 for 736 square feet. That extra $74/month buys you 203 more square feet. Ask about the A3 specifically when you tour.

The $500 Gift Card: What It Actually Means

The current special is a $500 gift card on select units, not free rent months. Here’s how that breaks down on a 12 month lease for the A3 one bedroom at $820/month:

How the gift card affects your rent:

This is a gift card, not free rent months. So the math works like this:

  • Total lease cost: $820 × 12 = $9,840
  • Minus gift card value: $9,840 – $500 = $9,340
  • Net effective rent: $9,340 ÷ 12 = $778/month
  • Monthly savings: $42/month

That’s real money, but is it a game changer? Not really. It’s not the 6 to 12 weeks free you’re seeing at newer Class A properties around Austin right now. A $500 gift card on a $820 apartment saves you about 5% across the lease. The base rent is already low, though, so the math still works in your favor. This special expires 10/6/2026 and only applies to select units.

All the Fees

Fee Amount Required?
Application Fee $60/person Yes
Admin Fee $175 Yes
Security Deposit Varies based on approval (Jetty alternative available) Yes
Package Locker Fee $15/month Yes
Pest Billback $5/month Yes
Rent & Ancillary Service Fee $6/month Yes
Pet Non-Refundable Fee $350 If you have a pet
Monthly Pet Rent $15/pet If you have a pet
Reserved Parking $25/month Optional
Covered Parking $25-$35/month Optional

The property covers trash and water. That saves you real money. Most Austin apartments bill water and trash back to you at $30-$60/month. Over a year, that’s $360-$720 you’re not paying here.

The pest billback ($5/mo) and ancillary service fee ($6/mo) showed up on Apartments.com and ApartmentHomeLiving but weren’t on the property’s own website. That’s $11/month, or $132/year, that doesn’t appear in the advertised rent. Ask the leasing office to confirm these during your tour.

True Monthly Cost: What You’ll Actually Pay

Here’s a realistic scenario for a one bedroom (A3 at $820/month) with one 60 lb dog and covered parking:

Line Item Monthly Cost
Base Rent (A3) $820
Pest Billback $5
Ancillary Service Fee $6
Package Locker Fee $15
Pet Rent (1 dog) $15
Covered Parking $30
Electric (estimate) $80-$120
Renter’s Insurance $15-$25
Internet $50-$70
Total Estimated Monthly Cost $1,036-$1,106

With the $500 gift card factored in, your first year averages about $42/month less, so roughly $994-$1,064/month all in. For a one bedroom in the 78729 zip code, that’s competitive.

Move-in costs (estimated): $60 app fee + $175 admin fee + $350 pet fee + security deposit (varies by approval) = roughly $585+ before the deposit. The Jetty deposit alternative can lower that upfront cost.

Specials change. What’s listed above was accurate as of July 2026, but I talk to leasing teams weekly and offers shift.


Want to know what specials are actually available right now?

Share a few details and I’ll check with the leasing office directly. I track pricing across this corridor daily, so I’ll tell you if this deal is worth locking in or if something better opened up nearby.

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Screening Criteria

Their FAQ page confirms the income requirement but doesn’t give a credit score minimum. Here’s what I know.

The 2.5x Income Advantage

This is the big one. Flats on San Felipe only requires 2.5x the monthly rent in total household income before taxes. Most Austin apartments require 3x. That difference matters more than it looks on paper.

For the A3 one bedroom at $820/month, you need $2,050/month gross income at 2.5x. At the standard 3x, you’d need $2,460. That’s $410 less income per month you need to qualify. For renters earning $13-$15 an hour, that gap is the difference between approved and denied.

  • Income requirement: 2.5x rent (confirmed on the property’s FAQ page). Total household income, before taxes, all adults combined.
  • Credit expectations: No published minimum. Properties at this rent level often work with scores in the 550-600 range with conditions. Higher deposits may apply below 600. The second chance apartments guide covers how different property classes handle credit challenges.
  • Security deposit: Varies based on approval. There’s a Jetty deposit alternative (a smaller monthly or one-time payment instead of a full cash deposit). If you opt out of Jetty, you’ll pay a standard cash deposit.

Income Requirement Table (Confirmed at 2.5x Rent)

Unit Base Rent Monthly Income Needed (2.5x) Annual Income Hourly (40 hrs/wk)
Studio (A1) $746 $1,865 $22,380 ~$10.76
1BR (A2) $746 $1,865 $22,380 ~$10.76
1BR (A3) $820 $2,050 $24,600 ~$11.83
1BR (A4) $891 $2,228 $26,730 ~$12.85
2BR (B1) $1,026 $2,565 $30,780 ~$14.80
2BR (B2) $1,136 $2,840 $34,080 ~$16.38

Look at those numbers. A studio here qualifies at just $10.76/hour. A one bedroom at $11.83/hour. Most Austin apartments with a 3x requirement need $14-$15/hour for the same rent. And that’s why the 2.5x matters: it puts this property within reach for renters who’d get denied at 80% of Austin’s inventory.

What Likely Gets You Denied

Based on Cushman & Wakefield screening patterns and what I see across the market:

  • Active property debt showing on LexisNexis rental history
  • Recent evictions (under 2 years) unless you have strong income and credit to offset it
  • Not enough income documentation
  • Violent felonies within the time window the property checks (varies by management company)
  • Aggressive dog breeds (the property FAQ says these are not permitted, even though the listing data says no breed restrictions. Ask the leasing office to clarify their current breed list before bringing your dog to tour.)

The credit and denial triggers above are educated guesses based on what I see at similar properties. The 2.5x income requirement and the deposit/Jetty details are confirmed directly from the property’s website. Before you spend $60 on an application, ask the leasing office for their written screening criteria. Under Texas Property Code § 92.3515, they’re required to give it to you before collecting your application fee.

The Application Process

  1. Tour the property and pick your unit
  2. Pay the $60 application fee (non-refundable) plus $175 admin fee
  3. Wait for screening results (typically 24-72 hours)
  4. If approved, sign your lease and schedule move-in

Here’s what separates working with a locator from applying on your own: I can check whether you’re likely to qualify before you spend $60 finding out. If Flats on San Felipe’s screening looks tight for your situation, I know which nearby properties have more flexibility. And if you list me as your referral on the application, I can follow up directly with the leasing team if things get delayed.

Resident Reviews Decoded

Listing sites show you a 3.5 rating and stop there. That number is useless without context. I went through all 143 Google reviews, 92 ApartmentRatings reviews, and reviews on Birdeye, ForRent, ApartmentHomeLiving, and Facebook (62% recommend out of 15 reviews) to find the patterns. Individual complaints aren’t that useful. Repeated themes across multiple platforms are.

Review Pattern Analysis

Theme Mentions Trend Source
Friendly staff (Casey, Gloria) 31+ → Steady Google
Maintenance man Maikol praised 5+ → Steady (recent) Google
Pest complaints (roaches) 10+ → Steady (multi-year) Google/AR/ForRent/AHL/Birdeye
Slow maintenance response 8+ → Steady Google/AR/Birdeye
Small/dark parking areas 5+ → Steady Google/AR
Management turnover 3+ ↓ Improving (Gloria is current) Google/AR
Lease break/move-out disputes 22 tagged → Steady Google
Location and affordability praised 10+ → Steady Google/AR
Fitness equipment not working 2+ → Steady AR

What Residents Consistently Praise

Casey and Gloria get called out by name across dozens of reviews. A five year resident said the complex “continues to do better and better” and specifically thanked Casey. Another resident renewed for a second year and called Casey and Avery “two of the best I have ever encountered” after 21 years of renting. A resident dealing with a family loss said Casey “said no worries” and made them feel like “this is where I needed to be.”

That kind of personal praise for specific staff members is a real signal. When the same names keep appearing across reviews spanning months and years, the service is real. Gloria, the current onsite manager, comes up a lot too. Residents call her welcoming and helpful.

Several Spanish-speaking residents call out Mr. Maikol, a maintenance team member, for being quick and professional. Multiple reviews mention him by name.

What Residents Consistently Criticize

The negative patterns come down to three things.

Pest control: multiple residents across the past year describe cockroach infestations. One described finding “so many dead roaches I would literally sweep them up.” Another went to the office more than six times in three months asking them to spray.

Slow maintenance: Maikol gets personal praise, but the overall maintenance situation is a different story. One long term resident described maintenance staff “driving up and down in golf carts and don’t do their job.” Repairs for appliances and AC can take weeks, not days.

Charges when you leave: 22 Google reviews tag “lease break.” One former resident described being sent to collections for a $100 charge they were never told about, which ended up on their credit report.

How Management Responds

Management responds to almost every Google review. The responses are templated and generic (“Thank you for sharing your experience. We’re sorry to hear…”). They respond to complaints but don’t get into specifics publicly. That’s a common pattern with corporate managed properties. It doesn’t tell you much about how they’ll handle your issue privately, but it does show they’re paying attention.

The Uncomfortable Truth

No listing site will write this section. I’m not trying to kill the deal. I just want you to know exactly what you’re signing up for.

The Pest Problem Is Real and It’s Not Going Away

This isn’t a one-time issue or one angry reviewer. Cockroach complaints appear on Google, ApartmentRatings, ForRent, ApartmentHomeLiving, and Birdeye. The pattern spans years.

Recent reviews talk about active infestations. One described sweeping up dead roaches after treatment. Another went to the office six or more times over three months without resolution. One ApartmentHomeLiving review says “roaches are coming out of the carpets.”

Even a satisfied 2017 reviewer who liked the place overall mentioned “a few small roaches (2-3 over a month)” and getting on a “weekly bug spray list.” So this isn’t new.

The property treats for pests (and charges you $5/month for it), but 1985 construction means gaps around pipes and inside walls where roaches move between units. If you sign here, ask specifically which units have had recent pest issues and request one that hasn’t.

The 2017 Renovation Has Limits

The renovation updated interior finishes: quartz countertops, black or stainless appliances, laminate and wood floors. But a renovation doesn’t replace the bones of a 40 year old building. The plumbing, the electrical, the wall insulation, the foundation: all original 1985.

Low water pressure and water main breaks show up in reviews going back years. Some units still have popcorn ceilings and poor ventilation. The fitness center also gets called out: treadmills, the stationary bike, and a TV that don’t work. One reviewer called it “just for show.”

The renovation made the units look better. It didn’t make the building newer.

Parking Gets Tight and Dark

Small parking spaces come up again and again in reviews. One reviewer described having to park three or four buildings away from their unit.

And it’s not just the space size. One reviewer said some parking areas have no lights after 7 or 8 PM, calling it “completely dark” and “very scary” walking to the apartment at night. Ask about parking availability and lighting on your tour, and test it after dark if you can.

Move-Out Charges Can Surprise You

Multiple reviews describe unexpected charges at move-out. One resident was sent to collections for $100 without ever receiving a call, email, or letter. Another disputed renewal discount promises that “were totally false.”

When you sign your lease, document everything. Photos, video, copies of any promises about discounts or fees. Get it in writing. This pattern shows up across enough reviews to be a real risk.


Ready to move forward, or want to look at alternatives?

You’ve seen the full picture now. If Flats on San Felipe fits your situation, I can walk you through the application process and make sure nothing gets lost. If the uncomfortable truths change the math for you, I know every property within a 3 mile radius and which ones screen differently.

Get Help Now →


FAQ

Does Flats on San Felipe allow pets?

Yes. Two pets maximum, 80 lb weight limit. There’s a $350 pet fee (you don’t get it back) plus $15/month pet rent per pet. Dogs and cats are both allowed. The property’s FAQ says aggressive breeds are not permitted, so confirm your breed is accepted before applying.

What utilities are included in rent?

Trash and water are covered by the property. You pay for electricity, internet, and renter’s insurance. Not paying for water alone saves you roughly $30-$60/month compared to most Austin apartments.

What’s the parking situation?

Surface lot parking is included. Covered parking costs $25-$35/month. The spaces are tight based on what residents say. If you drive a truck or SUV, check the lot on your tour.

What school district is Flats on San Felipe in?

Round Rock ISD. The assigned schools are Pond Springs Elementary, Deerpark Middle School, and McNeil High School.

Does Flats on San Felipe have in-unit washer/dryer?

Depends on the floor plan. The A2 comes with a full size washer/dryer. The A3 and A4 have connections but you bring your own. The studio has no connection. Shared laundry is on site.

When was Flats on San Felipe built and renovated?

Built in 1985, renovated in 2017. Formerly called Martha’s Vineyard before the rebrand. The renovation updated interior finishes but not the building itself.

What are the biggest complaints from residents?

Pest issues (cockroaches), slow maintenance, small parking spaces, and surprise charges when residents leave. The complaints all come back to the building’s age. The office staff gets positive reviews.

Can I get a short term lease here?

Yes. The minimum lease term is 3 months. That’s unusual for Austin apartments and makes this a solid option if you need flexibility.

The Bottom Line

Flats on San Felipe gives you something hard to find in Austin right now: real affordability without income restrictions. One bedrooms starting at $746 in a Round Rock ISD zip code, with pet policies that work for bigger dogs. The property covers trash and water. The leasing staff, especially Casey and Gloria, keep getting praised across years of reviews.

The trade off is clear: you’re renting a 1985 building that was cosmetically updated in 2017. That means pest issues, thin walls, occasional maintenance delays, and a building that shows its age. No renovation fixes what 40 years does to plumbing and insulation.

This property makes sense if:

  • Your budget tops out around $800-$1,100 for a one or two bedroom
  • You work in the 183/45 Toll corridor (Apple, Round Rock employers, Cedar Park)
  • You have a larger dog and can’t find weight limit flexibility elsewhere
  • You need a short term lease (3 month minimum) while figuring out Austin
  • You’re okay with older construction because the price difference matters more

This property doesn’t make sense if:

  • Pest issues are a hard no for you
  • You need reliable, fast maintenance turnaround
  • You want newer construction with modern insulation and soundproofing
  • Walkability matters to you at all
  • You’re relocating from out of state and expect the unit to match the best listing photos
  • You’d rather pay more for newer construction in South Austin or East Austin where concessions are deep right now

My verdict: Flats on San Felipe is a budget play that works if you go in with your eyes open. The staff is solid, the rent is genuinely low, and the location is practical for Northwest Austin commuters. Just know what 1985 construction means for daily life, tour the specific unit you’d rent, and document everything at move-in.

Need Help?

Work with me

My service is free. I’m paid by the apartment community’s marketing budget, not by you. I can check your screening profile before you apply, confirm current specials, and follow up with the leasing team if your application stalls.

Go solo

If you’d rather handle it yourself, just tell them “Ross Quade from Austin Apartment Team” referred you on your tour and application. Text me at 512-360-0852 when you apply so I can make sure everything’s on track.

Price:
$746 - $1136
Address:
7920 San Felipe Blvd
Austin, TX 78729
Terms:
For Rent
Property Type:
Apartment
Year Built:
1985

Additional Features

Renovated 2017

Call 512-320-4599 for more details

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