
Cheap Homes for Rent in the Lakeway Neighborhood of Austin, TX from $1,495 (51 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeway area of Austin.


1505 Oreilly Ct

522 Cutty Trail

15430 Stroup Cir

3400 Ranch Rd 620 S, Unit 2207

526 Cutty Trail

375 Fantail Loop, Unit B

375 Fantail Loop

103 Flying Jib Ct

511 Cutty Trail
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426 Sailmaster St

3400 Ranch Rd 620 S, Unit 10106

15208 S Flamingo Dr

5511 Caprock Smt Dr, Unit 4303

5511 Caprock Smt Dr, Unit 7303

5511 Caprock Smt Dr, Unit 1303

5511 Caprock Smt Dr, Unit 5413

5511 Caprock Smt Dr, Unit 3309

5511 Caprock Smt Dr, Unit 4203

428 Sailmaster St
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18810 Nicklaus Dr

18814 Nicklaus Dr

5511 Caprock Smt Dr, Unit 4204

205 Venture Blvd S

421 Fantail Loop

421 Fantail Loop, Unit B

5511 Caprock Smt Dr, Unit 1409

5511 Caprock Smt Dr, Unit 4110

5511 Caprock Smt Dr, Unit 1407

111 Comanche Dr
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15302 Cavalier Canyon Dr

3400 Ranch Rd 620 S, Unit 11107

220 Sailmaster St, Unit A

220 Sailmaster St

553 Demarett Dr

199 World of Tennis Sq

16216 Stewart Rd

17 Casa Verde St

17 Casa Verde St

105 Summit Ridge Dr N
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300 Venture Blvd S

5511 Caprock Smt Dr, Unit 1310

5511 Caprock Smt Dr, Unit 1406

5511 Caprock Smt Dr, Unit 2206

5511 Caprock Smt Dr, Unit 6308

5511 Caprock Smt Dr, Unit 6108

5511 Caprock Smt Dr, Unit 2306

5511 Caprock Smt Dr, Unit 4106

5511 Caprock Smt Dr, Unit 1308

5511 Caprock Smt Dr, Unit 1208
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Lakeway, Austin, TX Local Guide

How much does it cost to rent a home in Lakeway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeway 2 Bedroom Homes for Rent | $1,874 | $1,495 | $3,200 |
| Lakeway 3 Bedroom Homes for Rent | $2,965 | $1,600 | $8,500 |
| Lakeway 4 Bedroom Homes for Rent | $4,138 | $2,000 | $7,000 |
| Lakeway 5 Bedroom Homes for Rent | $8,100 | $2,350 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Lakeway Neighborhood of Austin, TX.
Explore Austin
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 $1,279. Estates at Bee Cave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Lakeway apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Berkshire Lakeway | A1 | 1BR,1BA | $1,279 |
| Estates at Bee Cave | A1 | 1BR,1BA | $1,300 |
| The Artesian at Bee Cave | A1 | 1BR,1BA | $1,417 |
| Pearl Bee Cave | A3 | 1BR,1BA | $1,625 |
| Travis at the Lake | B3 | 2BR,2BA | $2,244 |
| BB Living Sweetwater Crossing | 3B Townhome | 3BR,2BA | $2,976 |
Best Value Apartments for Rent in Lakeway, TX
As of September 01, 2026 the best value apartment in the Lakeway area is the $1.87 price per square foot 3A Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,247. The second greatest value Lakeway apartment is the B3 Model at Travis at the Lake starting at $2,244 with a $1.73 price per square foot in the Far West Travis neighborhood. Here is today’s list of the best values for Lakeway apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BB Living Sweetwater Crossing | 3A Townhome | 3BR,2.5BA | $1.87 |
| Travis at the Lake | B3 | 2BR,2BA | $1.73 |
| Estates at Bee Cave | A1 | 1BR,1BA | $1.83 |
| Pearl Bee Cave | A6 | 1BR,1BA | $2.87 |
| Berkshire Lakeway | A1 | 1BR,1BA | $1.96 |
| The Artesian at Bee Cave | A1b | 1BR,1BA | $2.37 |
Frequently Asked Questions about Lakeway
What type of rentals are currently available in Lakeway?
There are currently 23 Apartments for Rent in Lakeway, TX with pricing that ranges from $1,140 to $4,099. There are also 131 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,495 to $19,500.
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 $1,495 to $19,500 with an average monthly rent of $3,549.
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 $1,885 to $4,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,010.
Expert Rental Resources
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.
Helpful Local Expert Guides

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals
Written by: Raul Mercado
I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

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

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I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

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Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.
Articles, How-To's, and Tips

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.