Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $1,600 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
property at 363 Fantail Loop

363 Fantail Loop

LakewayTX78734

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
property at 18800 Hogan Cir

18800 Hogan Cir

Lago VistaTX78645

Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

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.

Read Article
Showing Results 1-42, Page 1 of 1

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
The Artesian at Bee CaveA11BR,1BA$1,467
Pearl Bee CaveA2.2WF1BR,1BA$1,475
BB Living Sweetwater Crossing3B Townhome3BR,2BA$2,883

Best Value Apartments for Rent in Lakeway, TX

As of November 17, 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

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

Read Article
Decorative image

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lakeway, Austin, TX

Ranked #169

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Lakeway

What type of rentals are currently available in Lakeway?

There are currently 22 Apartments for Rent in Lakeway, TX with pricing that ranges from $989 to $5,240. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,650 to $25,000.

What is the current price range for Rental Homes in Lakeway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeway ranges from $1,650 to $25,000 with an average monthly rent of $5,367.

How much are larger Three and Four Bedroom Rentals in Lakeway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeway range from $1,795 to $5,240, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $2,629.

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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

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

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.