Cheap Apartments for Rent in the Lakeway Neighborhood of Austin, TX from $1,100 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakeway area of Austin.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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The Jovie Lakeway
Studio to 2 Bedroom Apartments

The Jovie Lakeway

1931 Lohmans Crossing RdLakeway, TX 78734
Senior Living

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Rough Hollow
3 Bedroom Apartments

Rough Hollow

206 Fairdale CvLakeway, TX 78738
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Summit
2 Bedroom Apartments

Summit

2617 Crosswind DrSpicewood, TX 78669

Lakeway, Austin, TX Local Guide

Cheapest Available Lakeway Apartments for Rent

 

The cheapest available apartment rental in the Lakeway area of Austin, TX is a 1 Bed unit found at Berkshire Lakeway priced from $1,207. Estates at Bee Cave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,234. Here are the most affordable Lakeway apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Berkshire LakewayA11BR,1BA$1,207
Estates at Bee CaveA11BR,1BA$1,234
FalconheadA31BR,1BA$1,375
Avalon Hill CountryA20-7641BR,1BA$1,460
Travis at the LakeA3a1BR,1BA$1,555

Best Value Apartments for Rent in Lakeway, TX

As of June 18, 2025 the best value apartment in the Lakeway area is the $1.74 price per square foot 4A Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,327. The second greatest value Lakeway apartment is the C1 Model at Travis at the Lake starting at $2,780 with a $1.81 price per square foot in the The Vistas at Lake Travis neighborhood. Here is today’s list of the best values for Lakeway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
BB Living Sweetwater Crossing4A Townhome4BR,2.5BA$1.74
Travis at the LakeC13BR,2BA$1.81
Avalon Townhomes at Bee CaveC13BR,2.5BA$1.81
Estates at Bee CaveC13BR,2BA$2.65
The Artesian at Bee CaveB32BR,2BA$2.29
Berkshire LakewayA7 T1BR,1BA$1.99
Avalon Hill CountryA20-7641BR,1BA$1.91
FalconheadA2L1BR,1BA$2.06

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Pet Friendly Lifestyle
Lakeway, Austin, TX

Ranked #162

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Lakeway Neighborhood in Austin, TX

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lakeway Apartments

How much is rent for a Cheap One Bedroom Lakeway Apartment?

The lowest price for a Cheap One Bedroom Lakeway Apartment is $1,207 at Berkshire Lakeway.

What is the lowest price for a Cheap Two Bedroom Lakeway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeway is starting from $1,560 at Falconhead.

What is the most affordable Lakeway Three Bedroom Apartment?

The best deal on a cheap Lakeway Three Bedroom Apartment rental is at Travis at the Lake and starts from $2,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.