
Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $800 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeway area of Austin.


149 World of Tennis Sq

533 Demarett Dr

16142 Spring Branch Trail

3499 Ranch Rd 620 S

3701 Crosswind Dr
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.

18810 Nicklaus Dr

403 Fantail Loop

517 Cutty Trail
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

269 Venture Blvd S

514 Demarett Dr

18800 Hogan Cir

325 Venture Blvd S

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

5511 Caprock Smt Dr

5511 Caprock Smt Dr

528 Palmer Dr

104 Bella Toscana Ave
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 | $1,907 | $1,050 | $2,550 |
Lakeway 3 Bedroom Homes for Rent | $2,960 | $1,850 | $4,975 |
Lakeway 4 Bedroom Homes for Rent | $4,119 | $849 | $7,500 |
Lakeway 5 Bedroom Homes for Rent | $9,121 | $2,850 | $10,000+ |
Lakeway 6 Bedroom Homes for Rent | $17,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Lakeway Neighborhood of Austin, TX.
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Lakeway, Austin, TX Local Guide
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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 Estates at Bee Cave priced from $1,096. Travis at the Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,216. Here are the most affordable Lakeway apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Estates at Bee Cave | A1 | 1BR,1BA | $1,096 |
Travis at the Lake | A | 1BR,1BA | $1,216 |
Berkshire Lakeway | A2 | 1BR,1BA | $1,230 |
Falconhead | A3 | 1BR,1BA | $1,340 |
Avalon Hill Country | A4-828 | 1BR,1BA | $1,440 |
The Artesian at Bee Cave | A2 | 1BR,1BA | $1,613 |
BB Living Sweetwater Crossing | 3B Townhome | 3BR,2BA | $3,109 |
Best Value Apartments for Rent in Lakeway, TX
As of May 23, 2025 the best value apartment in the Lakeway area is the $1.84 price per square foot 3A Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,388. The second greatest value Lakeway apartment is the C1 Model at Estates at Bee Cave starting at $2,374 with a $1.75 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
BB Living Sweetwater Crossing | 3A Townhome | 3BR,2.5BA | $1.84 |
Estates at Bee Cave | C1 | 3BR,2BA | $1.75 |
The Artesian at Bee Cave | B-Flat 2 | 2BR,2BA | $2.28 |
Avalon Hill Country | A20-764 | 1BR,1BA | $1.91 |
Falconhead | A2L | 1BR,1BA | $2.06 |
Berkshire Lakeway | A2 | 1BR,1BA | $1.69 |
Travis at the Lake | A | 1BR,1BA | $2.13 |
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.
Frequently Asked Questions about Lakeway
What type of rentals are currently available in Lakeway?
There are currently 24 Apartments for Rent in Lakeway, TX with pricing that ranges from $1,120 to $5,055. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $800 to $20,000.
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 $800 to $20,000 with an average monthly rent of $6,178.
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 $2,095 to $5,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,975. Four Bedroom Single-Family rentals are also available starting from $849 and Four Bedroom Apartments start at $2,545.
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.

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

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.