Cheap Apartments for Rent in the Lakeway Neighborhood of Austin, TX from $900 (11 Rentals)

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

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Summit
2 Bedroom Apartments

Summit

2617 Crosswind DrSpicewood, TX 78669
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Rough Hollow
3 Bedroom Apartments

Rough Hollow

206 Fairdale CvLakeway, TX 78738

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 $1,201. Estates at Bee Cave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,208. Here are the most affordable Lakeway apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Berkshire LakewayA11BR,1BA$1,201
Estates at Bee CaveA11BR,1BA$1,208
Avalon Hill CountryB10-10262BR,2BA$1,234
FalconheadB2P2BR,2BA$1,395
Travis at the LakeA41BR,1BA$1,449

Best Value Apartments for Rent in Lakeway, TX

As of November 16, 2025 the best value apartment in the Lakeway area is the $1.84 price per square foot 4A Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,521. The second greatest value Lakeway apartment is the TH2 Model at Pearl Bee Cave starting at $5,240 with a $3.00 price per square foot in the Falconhead 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$1.84
Pearl Bee CaveTH23BR,2.5BA$3.00
The Artesian at Bee CaveB-Flat 42BR,2BA$2.53
FalconheadB3L2BR,2BA$1.53
Estates at Bee CaveB12BR,2BA$1.77
Travis at the LakeA51BR,1BA$1.79
Avalon Hill CountryA20-7641BR,1BA$1.70
Berkshire LakewayA11BR,1BA$1.84

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Pet Friendly Lifestyle
Lakeway, Austin, TX

Ranked #167

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
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 $1,201 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 $1,234 at Avalon Hill Country.

What is the most affordable Lakeway Three Bedroom Apartment?

The best deal on a cheap Lakeway Three Bedroom Apartment rental is at Falconhead and starts from $1,795.

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

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

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.