
Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $1,500 (28 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeway area of Austin.


1505 Oreilly Ct

507 Cutty Trail

529 Cutty Trail

520 Cutty Trail

269 Venture Blvd S
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.

18810 Nicklaus Dr

3 Casa Verde St

111 Comanche Dr
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.

103 Comanche Dr

18800 Hogan Cir

223 Stowaway Cove

287 Venture Blvd S
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.

108 World of Tennis Sq

565 Demarett Dr

222 Lido St

300 Summit Ridge Dr N
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.
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 | $1,777 | $1,500 | $2,300 |
| Lakeway 3 Bedroom Homes for Rent | $2,723 | $1,695 | $4,975 |
| Lakeway 4 Bedroom Homes for Rent | $4,891 | $2,300 | $10,000+ |
| Lakeway 5 Bedroom Homes for Rent | $9,648 | $2,800 | $10,000+ |
| Lakeway 6 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 28 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 $1,125. Estates at Bee Cave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,139. 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 | $1,125 |
| Estates at Bee Cave | A1 | 1BR,1BA | $1,139 |
| Travis at the Lake | A | 1BR,1BA | $1,156 |
| Avalon Hill Country | A20-764 | 1BR,1BA | $1,221 |
| Pearl Bee Cave | A2.2WF | 1BR,1BA | $1,375 |
| The Artesian at Bee Cave | A1b | 1BR,1BA | $1,468 |
| BB Living Sweetwater Crossing | 3A Townhome | 3BR,2BA | $2,941 |
Best Value Apartments for Rent in Lakeway, TX
As of January 01, 2026 the best value apartment in the Lakeway area is the $1.79 price per square foot 4B Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,511. The second greatest value Lakeway apartment is the TH1 Model at Pearl Bee Cave starting at $4,950 with a $2.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BB Living Sweetwater Crossing | 4B Townhome | 4BR,2.5BA | $1.79 |
| Pearl Bee Cave | TH1 | 3BR,2.5BA | $2.89 |
| Estates at Bee Cave | B2-G | 2BR,2BA | $1.78 |
| The Artesian at Bee Cave | A1c Plus Flex Space | 1BR,1BA | $2.37 |
| Avalon Hill Country | A20-764 | 1BR,1BA | $1.60 |
| Berkshire Lakeway | A2 | 1BR,1BA | $1.87 |
| Travis at the Lake | A | 1BR,1BA | $2.02 |
Frequently Asked Questions about Lakeway
What type of rentals are currently available in Lakeway?
There are currently 21 Apartments for Rent in Lakeway, TX with pricing that ranges from $1,125 to $4,950. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,500 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 $1,500 to $25,000 with an average monthly rent of $5,107.
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 $1,655 to $4,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,975. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,991.
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

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin
Written by: Raul Mercado
For many people the College years are some of the best years of your life. And you can certainly make the most of those years by finding the perfect place around your campus to call home.

Beyond "Keep Austin Weird": Your Insiders Ultimate Guide to Renting and Living in Austin, Texas
Written by: Raul Mercado
Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
Written by: Raul Mercado
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!









