The Cheapest Apartment in 78750 — Here’s the Tradeoff For Rent

  • $844-$1699

The Lantern Apartments Austin Review: What 400+ Reviews Across 5 Platforms Actually Tell You About Living Here


The Lantern Apartments keeps showing up when people search for budget apartments in Northwest Austin’s 78750 zip code. At $914/month for a one bedroom with a month free, the price looks right. And the screening policy looks even better: felonies accepted, broken leases accepted, misdemeanors accepted. On paper, this is exactly what second chance renters are looking for.

I’ve been tracking apartment pricing across 1,000+ Austin properties for the past three years, and I need to be straight with you about this one. The Lantern has had at least four or five management company changes in the past few years alone. That kind of turnover doesn’t happen at properties where things are going well. Listing sites say Valiant Residential is running the property now, but the property’s own website still has ACA Property Management branding. That confusion alone tells you something. Whether the current team can fix what’s been broken here is still an open question.

Here’s what listing sites won’t tell you: 400+ combined reviews across Google, ApartmentRatings, Yelp, and ApartmentHomeLiving paint a property with serious, recurring problems. I’m going to break it all down: what the reviews say, what it actually costs, and who can make this property work despite the issues.


Quick Facts: The Lantern Apartments

Field Details
Address 12403 Mellow Meadow Dr, Austin, TX 78750
Year Built 1983 (Renovated 2020)
Total Units 316 units, 3 stories
Management Valiant Residential (current). Previous companies include RPM Living, ACA Property Management, and Legacy Properties. Four separate Yelp listings exist from prior management eras.
Rent Range 1BR: $844-914+ / 2BR: $849-899+ / 3BR: $1,699+ (varies by listing source)
Income Requirement 3x rent (industry standard for this property class; not published on property website. Confirm directly.)
Pet Policy Pets allowed with breed restrictions (Pit Bull, Rottweiler, German Shepherd, Doberman, Akita, Chow, and others). Normally $400 non-refundable pet fee per UMoveFree, but RentCafe shows a “No Pet Fees” promotion through 11/24. Weight limit not published.
Current Special 1 month free for all move-ins per property website. Look-and-lease for additional discounts. Listing sites show varying offers (some show 6 weeks, some show 2 months) depending on unit and timing.
Application Fee Currently waived per RentCafe “FREE App & Admin” promotion (through 11/24). Standard fee is $75 per applicant.
Google Rating 3.3/5 (259 reviews)
ApartmentRatings 2.4/5 (76 reviews)
Yelp Rating 1.0/5 (4 reviews) + 60 reviews under a prior closed listing
BBB Status Not BBB Accredited
School District Round Rock ISD (Westwood High School rated 9/10)
Formerly Known As Westwood Apartments

The 3.3 Google rating only tells part of the story. Between Google (259 reviews), ApartmentRatings (76), Yelp (4 current plus 60 under a closed listing), and ApartmentHomeLiving, that’s roughly 400 reviews across multiple management eras. On Google alone, 72 mention management changes and 57 mention maintenance problems. The most recent ones from the past two months are almost all negative.

Best For / Skip If

Best For

You’re on a tight budget and need the cheapest possible rent in 78750. The Lantern’s pricing is hard to beat in this zip code. A one bedroom at $914 (before the special) is roughly $263 less than the $1,177 Northwest Austin average. With the month free, your net effective rent drops to about $839/month. If stretching every dollar matters more than anything else, the math works.

You have a felony, broken lease, or misdemeanor on your record and need a property that won’t auto-decline. The Lantern lists acceptance of all three screening issues. That puts it in a small group of properties in 78750 that will even look at your application. For renters who’ve been denied at five or six other places, just getting past the screening step matters. Fair warning, though: at least one reviewer says they were denied despite the property’s stated felony acceptance policy, so don’t assume it’s guaranteed. I can check whether your specific situation matches what they’ll actually approve before you spend the application fee.

You want to be in the Westwood High School zone without paying $1,400+ for a one bedroom. Westwood High is rated 9/10 by GreatSchools, and The Lantern sits directly across the street. Most other properties in this school zone charge $300-500 more per month.

Skip If

You need reliable air conditioning. I can’t stress this enough. Nine Google reviews specifically mention AC failures, and the ApartmentRatings review from June 2026 is from a resident who went an entire week without AC in a Texas summer, multiple times. If your AC goes out here, recent reviews suggest you may wait days or longer for a repair. In an Austin summer where it’s 100+ degrees, that’s not just uncomfortable. It’s a health issue.

You’re not comfortable with the level of property upkeep in recent reviews. The most recent Google reviews from the past few months mention overflowing trash bins, squatters in empty apartments, and a property that’s visibly going downhill. Multiple 2026 reviewers say things are noticeably worse than what the 2025 reviews show.

Maintenance response time matters to you. This is the single most repeated complaint across all 400+ reviews. Maintenance requests marked as completed when nobody showed up. Waits of weeks for non-emergency repairs. AC units failing three times per year with the same slow response each time. If you need things fixed in a reasonable timeframe, the pattern here says you’ll be frustrated.

Ready to See If The Lantern Fits Your Situation?

I can tell you whether your profile matches this property’s screening before you spend the application fee. If it doesn’t, I know which nearby properties in 78750 will work better for your specific situation.

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Location Deep Dive

What’s Actually Nearby

The Lantern sits at 12403 Mellow Meadow Dr, just off US-183 (Research Blvd) in the Anderson Mill area of Northwest Austin. Whatever issues this property has, location isn’t one of them. And I don’t say that often about properties in this price range.

Grocery runs are easy. H-E-B on Research Blvd is about 1.5 miles away, roughly a 5 minute drive. There’s also a Walmart Supercenter within 2 miles. Lake Creek Retail and Market at Lake Creek shopping centers are both within a half mile walk (8-9 minutes on foot), which is unusual for this part of Austin where most errands require a car.

P. Terry’s is less than a quarter mile away. Lakeline Mall is about 3 miles north. Westwood High School sits directly across the street. Anderson Mill Elementary (rated 4/10) and Grisham Middle School (rated 8/10) are also in the attendance zone.

The Lakeline MetroRail station is 2.8 miles away (7 minute drive), giving you commuter rail access to downtown. But day to day, you’re going to need a car.

Commute Math

Destination Off-Peak Rush Hour
Downtown Austin 20-25 min 35-50 min
The Domain 12-15 min 20-25 min
Apple Parmer Campus 10-12 min 15-20 min
UT Austin Campus 25-30 min 40-55 min
Austin-Bergstrom Airport 30-35 min 45-60 min
Cedar Park 10-15 min 15-20 min

The 183 corridor heading south toward downtown is where the commute gets painful. Morning rush can stretch a 20 minute drive to nearly an hour. If you work at Apple, Dell Round Rock, or anywhere north of 183, you’re in good shape. If you commute downtown every day, you’ll feel it.

Neighborhood Vibe

Anderson Mill is a quiet, older suburban neighborhood. Mostly single family homes and older apartment communities. No nightlife walkable from here. The area around Research Blvd has strip mall retail, fast food, and everyday services.

One thing the marketing doesn’t mention: 183 traffic noise carries. The property is set back from the highway, but you’ll hear it, especially from units facing east. Several residents who’ve been here a while say the same thing in reviews: they like the neighborhood but can’t stand the management.

Pricing and True Cost

Floor Plans

Bed/Bath Sq Ft Base Rent Net Effective (1 mo free) Notes
1BR/1BA 642 $914 $839 Available now
2BR/1-2BA 866-956 $849-899 $779-825 Available now (per Redfin)
3BR/2BA 1,230 $1,699 $1,560 Available now (per Redfin)

Note: Pricing varies by source. Redfin shows 1BR from $844 and 2BR from $849. The property website confirms 1 month free with look-and-lease discounts on top, so the lower numbers on listing sites are probably those discounts stacking up on certain units.

Net Effective Rent Calculation

Using the 1BR at $914 with 1 month free on a 12 month lease:

  • Base rent: $914/month
  • Lease term: 12 months (365 days)
  • Free rent: 1 month (30 days)
  • Daily multiplier: (365 – 30) / 365 = 0.9178
  • Net effective rent: $914 x 0.9178 = $839/month
  • Monthly savings: $75/month
  • Annual savings: $900 over the lease term

One thing to know: the property qualifies your income based on the $914 base rent, not the discounted $839. At the standard 3x, that means you need $2,742/month gross, or about $15.82/hour at 40 hours. The property doesn’t publish its multiplier. Some second chance properties like this one use 2.5x, which drops the threshold to $2,285/month ($13.18/hour). Call to confirm.

Fee Breakdown

Required Fees (everyone pays):

Fee Amount When Paid
Application Fee Currently waived (RentCafe “FREE App & Admin” promotion through 11/24). Standard fee is $75 per applicant. At application
Administrative Fee Currently waived under the same promotion. Standard amount not published. At lease signing
Security Deposit Variable based on screening results (per Homes.com). Expect higher deposits with lower credit. At move in
Monthly Required Fees $25/month (per Apartments.com). May include valet trash, pest control, or other bundled charges. Monthly

Optional Fees (if applicable):

Fee Amount Notes
Pet Fee $400 non-refundable (per UMoveFree). Currently waived under RentCafe promotion through 11/24. Per pet
Monthly Pet Rent Currently waived under promotion. Standard amount not published. Per pet
Parking Available. Contact property for pricing. If applicable
Storage Not advertised on listing sites. Ask the leasing office. If available

True Monthly Cost Scenario

A renter in a 1BR with the required monthly fees and one pet:

  • Base rent: $914
  • Required monthly fees: $25
  • Pet rent: Currently waived under promotion (standard $400 one-time fee applies outside the promotion)
  • Estimated true monthly cost: $939+ (with promotion waivers active)

Without the promotion, add the $400 pet fee spread across your lease plus whatever the standard pet rent is. Right now the fee waivers make this cheaper than usual, but those promotions expire 11/24.

Want to Compare This Property’s True Cost to Nearby Options?

I track pricing on every property in 78750. Before you apply, I can pull the real numbers on comparable properties like Chesapeake Apartments, Balcones Club, or Copperline at Village Oaks so you can see how The Lantern actually stacks up.

Get started here

Screening Criteria

Income Requirement

Unit Type Base Rent Monthly Income (3x est.) Annual Income Hourly (40 hrs)
1BR/1BA $914 $2,742 $32,904 $15.82
2BR $899 $2,697 $32,364 $15.56
3BR/2BA $1,699 $5,097 $61,164 $29.41

The income multiplier isn’t published anywhere. I’ve used 3x as the standard, but properties like this sometimes go as low as 2.5x. If it’s 2.5x, the 1BR threshold drops to $2,285/month. Call to confirm before applying.

Credit Expectations

No credit score minimum is published. For a 1983 property with second chance policies and rents under $1,000, I’d expect something in the 500-550 range, or possibly no hard minimum with higher deposits for lower scores. Homes.com confirms the deposit is “subject to change based on screening results,” which usually means a sliding scale.

What Gets Accepted

Here’s what the property says it accepts, and here’s what actually happens when people apply:

  • Felony records: Accepted per the listing. But the reality is more complicated. Google reviewer Beth Bell reports being denied despite being told felonies were accepted. Her charge was nonviolent, almost 6 years old, and she still got denied after paying the $75 application fee. Yelp reviewer Princess J (07/2025) says she was discriminated against when she applied after being upfront about her background. Two reviewers on different platforms saying the same thing is a pattern, not a coincidence.
  • Misdemeanors: Accepted.
  • Broken leases: Accepted. Lookback period isn’t published. Leases broken more than 2 years ago with no balance owed have the best odds. If you still owe a previous landlord, you’ll probably need a third-party guarantee.

What Gets You Denied

The property doesn’t publish what gets you denied. Based on what I see at similar properties, the likely auto-declines are:

  • Active sex offenses on the registry
  • Active property debt (money owed to a previous landlord)
  • Fraudulent application information
  • Violent felonies within a shorter lookback period than nonviolent charges

Application Process

Applications go through a third-party screening company. They check your ID, income, rental history, credit, and criminal background. Here’s how it works:

  1. Apply online or in-office
  2. Application fee currently waived under promotion (normally $75 per applicant)
  3. Screening typically takes 1-3 business days
  4. Decision communicated by phone or email

Here’s what separates working with a locator from applying blind: I can tell you whether your income, credit, and rental history are likely to pass The Lantern’s screening before you spend that application fee finding out. And if The Lantern looks tight for your situation, I know which nearby communities in 78750 have more flexibility.

Resident Reviews Decoded

Review Pattern Analysis

Theme Mentions Trend Source
Maintenance delays/non-response 57 of 259 Google reviews ↓ getting worse in 2026 Google
Management changes 72 of 259 Google reviews → ongoing pattern Google
Welcoming office staff 14 of 259 Google reviews Mixed: staff praised by name, then new staff arrives Google
AC unit failures 9 of 259 Google reviews ↓ worsening (June 2026 review details outages lasting a full week) Google
Pool conditions 16 of 259 Google reviews ↓ recent reviews say pools are dirty Google
Pest issues (roaches, rats) 5+ mentions ↓ worsening Google
Trash/cleanliness 7 of 259 Google reviews ↓ recent reviews describe overflowing bins Google
Security concerns 9 of 259 Google reviews ↓ squatters reported in empty units Google
Overall (ApartmentRatings) 76 total reviews, 2.4 average ↓ most recent review is 1 star ApartmentRatings
Overall (Yelp) 4 reviews, 1.0 average (current listing) All 1-star Yelp
Screening doesn’t match what’s advertised 2 reviewers on different platforms → pattern Google, Yelp
Water/billing disputes 2+ mentions → reported on ApartmentHomeLiving Multiple

What People Praise

Staff members get called out by name more often here than at most properties I review. Zina (also spelled Xena) appears in four positive reviews. Maili gets three mentions. Ivette was praised in six or more reviews during her time at the property. One reviewer called the leasing team “Charlie’s Angels.”

The pricing is the other consistent positive. Residents who stick around for years (one reviewer mentions 12+ years) stay because the rent is cheap and the location works, even with all the problems.

That says something about the Austin market right now.

What People Criticize

The maintenance story is consistent and specific. One reviewer put in a work order, had it marked as completed two weeks later without anyone actually showing up, got told to put in another request, and then waited another two weeks. Another says their AC goes out three times per year with the same slow response each time. These aren’t vague complaints. They’re detailed, repeated, and getting worse in the most recent reviews.

Management responses to negative reviews are all the same: “Thank you for your feedback, we can now take care of your concerns.” These template replies show up on reviews spanning months. That tells me they’re copy-pasting responses, not actually following up individually.

The Yelp picture is even worse. Four reviews, all 1-star. One from March 2026 (Nikki T) makes a point worth paying attention to: the previous management team was actually better. They completed work orders within a week and offered solutions. The newest change made things worse, not better. That goes against the usual “new management will fix everything” pitch.

On ApartmentHomeLiving, a reviewer says the property pushed back-owed city water charges onto tenants, with one resident who’s been there for years getting hit with $390. The same reviewer mentions nails from maintenance work scattered across parking lots causing flat tires.

The most recent Google reviews from the past two months are alarming. These go past the usual “fix my sink” complaints: people breaking into empty apartments, pools called filthy, trash overflow, and a property that one reviewer says “looks abandoned.”

The Uncomfortable Truth

No listing site will write this section. I want you to know exactly what you’re walking into before you sign.

Truth #1: Management Turnover Creates a Cycle of Broken Promises

Multiple long-term residents confirm four to five management company changes. The pattern is always the same: new company arrives, promises to fix things, conditions improve for a few months, positive reviews start appearing. Then the improvements stall. The same problems come back. And eventually another new management company takes over. Valiant Residential is the latest. Whether they break this cycle or repeat it is something only time will tell. One resident who’s lived there over a decade puts it plainly: they’ve “seen many property managers come and go.”

Truth #2: The Felony Acceptance Policy Isn’t as Simple as the Listing Suggests

The property lists “Accepts Felony Record” as a screening policy. But reviewer Beth Bell paid the $75 application fee and got denied for a nonviolent felony from nearly six years ago. The property didn’t explain why. If you’re counting on The Lantern’s felony acceptance, get the details of what they actually accept before you pay the application fee. Better yet, let me call the leasing office and ask exactly what their lookback period is and what types of charges they’ll actually work with before you apply.

Truth #3: The 1983 Building Age Shows Up in Ways That Matter Daily

A 2020 renovation updated the counters and flooring. But renovations don’t replace plumbing or AC systems. They don’t fix soundproofing that’s 40+ years old. The AC failures, the leaking ceilings, the pest issues that keep coming up in reviews: those come from building systems that should have been replaced years ago. Nine reviews mention AC problems. One reviewer’s ceiling has a visible bubble from a water leak the property has known about for over a week. These aren’t one-off issues. They’re what happens when a 1983 building’s core systems haven’t been replaced.

Truth #4: When Your AC Breaks, You Can’t Even Fix It Yourself

Here’s the part that really got my attention. One ApartmentRatings reviewer says their AC failed and the property didn’t fix it for an entire summer. So they bought a window AC unit just to survive. The property told them window units weren’t allowed and threatened them with a fine if they didn’t remove it within 24 hours.

So the property won’t fix the AC, and they won’t let you fix it either? In a Texas summer, that’s not a policy disagreement. That’s a livability issue.

Truth #5: Hidden Costs Can Show Up After You Move In

Here’s one that caught me off guard. The city of Austin and the property apparently had a dispute over back water charges. The property’s solution? Push the cost onto current tenants. One resident who’d been there for years was hit with $390 in back water bills for an issue that wasn’t their fault. The same reviewer got hit with a $25 per day late fee even after calling management ahead of time about a banking error. These aren’t fees you’ll find on any listing site.

Truth #6: Recent Conditions Are Worse Than the Overall Ratings Suggest

Look at the full year of reviews and you’ll see a mix of good and bad. But zoom in on just the past two to three months (mid-2026) and the picture changes fast. Recent reviewers say things are much worse than what people experienced 6-12 months ago. The overall 3.3 Google rating hides a sharp downward trend.

Ready to Move Forward, or Want to See Alternatives?

If The Lantern still works for your budget and situation, I can help you through the application. If these uncomfortable truths give you pause, I know every property in 78750 and can show you what else fits your profile and budget.

Get started here

FAQ

Does The Lantern accept felons?

The listing says yes, but at least one reviewer was denied for a nonviolent felony from nearly six years ago. Verify your specific situation with the leasing office or through me before paying the application fee.

What is the pet policy at The Lantern?

Pets are allowed with breed restrictions (Pit Bull, Staffordshire Terrier, American Bull Dog, German Shepherd, Malamute, Rottweiler, Doberman, Dalmatian, Akita, Chow, Presa Canario, and mixes). Standard pet fee is $400 non-refundable, currently waived under a RentCafe promotion through 11/24. No published weight limit.

Does The Lantern have washer and dryer hookups?

Some units have W/D connections, and select units have in-unit washer/dryer. There’s also a shared laundry room. Confirm which units have hookups before signing.

What school district is The Lantern in?

Round Rock ISD. The zoned schools are Anderson Mill Elementary (rated 4/10), Noel Grisham Middle School (rated 8/10), and Westwood High School (rated 9/10). Westwood High is directly across the street from the property.

Who manages The Lantern Apartments?

Valiant Residential per listing sites, but the property’s own website still shows ACA Property Management branding and email addresses. Previous companies include RPM Living and Legacy Properties. Residents report four to five management changes, and multiple Yelp listings from different eras back that up.

Is The Lantern in a good location?

The location is a genuine strength. Half a mile from shopping, 1.5 miles from H-E-B, 2.8 miles from Lakeline MetroRail, across the street from Westwood High. You’ll need a car, but errands and 183 commuting are easy.

What are residents saying about The Lantern in 2026?

Mostly negative. The biggest complaints are maintenance that doesn’t get done, AC failures, trash problems, and squatters in empty units. Earlier in 2026, reviews were more mixed with some praising the new management.

Does The Lantern accept broken leases?

Yes. If you still owe money to a previous landlord, expect to need a third-party guarantee. Broken leases older than 2 years with no balance owed have the best shot.

How much is the application fee at The Lantern?

Normally $75 per applicant, but currently waived under a RentCafe promotion (through 11/24). Ask the leasing office to confirm the waiver is still active when you apply.

Is there a move-in special at The Lantern?

The property website says 1 month free for all move-ins, with look-and-lease discounts on top. Some listing sites show 6 weeks or 2 months free depending on the unit. Call to confirm what’s available on the unit you want.

The Bottom Line

The Lantern gives you two things that are hard to find together in Austin’s 78750 zip code: genuinely low rent and second chance screening policies. A 1BR under $920 in the Westwood High School zone that also accepts felonies and broken leases? You won’t find many of those in Austin. The location near 183 works for anyone commuting north, and Lakeline MetroRail adds a transit option most 78750 properties can’t match.

But the trade-offs here are real. The maintenance track record is one of the worst I’ve seen in this submarket. AC failures in a Texas summer, ceiling leaks going unrepaired for weeks, and pest issues that keep showing up across reviewers independently. The management turnover pattern, four to five companies cycling through, means every improvement comes with a question mark about how long it’ll last. And the recent reviews from mid-2026 suggest things have gotten worse, not better.

This property makes sense if: your budget is firmly under $950/month, you need second chance screening in 78750, you’re in the Westwood High School zone by necessity, or you’re willing to accept maintenance risk in exchange for the lowest rent in the area.

This property doesn’t make sense if: reliable maintenance and AC are non-negotiable, you’re uncomfortable with what recent 2026 reviews are saying, you want stable, consistent management, or you can stretch your budget another $100-200/month for a property that’s kept up better nearby.

My honest take: The Lantern is a place where the math can work if the building issues don’t affect your unit. But “if” is doing a lot of heavy lifting in that sentence. I’ve seen properties in worse shape turn around with the right management. I’ve also seen the cycle repeat. If you’re considering this property, talk to me first so I can check whether the current conditions and screening policies match what you’re seeing online.

Need Help Finding the Right Fit?

My service is free. I’m paid a small referral fee from the property’s advertising budget. You pay the same rent whether you use me or apply on your own.

If The Lantern works for your situation, I can pre-screen your profile so you don’t waste the application fee. If it doesn’t, I know which other properties in 78750 and Northwest Austin accept felonies, broken leases, or credit below 600, and which ones are better maintained. Text me at 512-360-0852.

Price:
$844-$1699
Address:
12403 Mellow Meadow Dr
Austin, TX 78750
Terms:
For Rent
Property Type:
Apartment
Year Built:
1983

Additional Features

Renovated 2020

Call 512-320-4599 for more details

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