
Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $1,300 (45 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeway area of Austin.


3400 Ranch Rd 620 S, Unit 2207

1505 Oreilly Ct

15430 Stroup Cir

433 Sailmaster St

371 Fantail Loop

5511 Caprock Smt Dr, Unit 3305

5511 Caprock Smt Dr, Unit 5413

5511 Caprock Smt Dr, Unit 4303
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5511 Caprock Smt Dr, Unit 7303

5511 Caprock Smt Dr, Unit 1303

5511 Caprock Smt Dr, Unit 4203

5511 Caprock Smt Dr, Unit 3104

5511 Caprock Smt Dr, Unit 3309

18810 Nicklaus Dr

331 Fantail Loop

414 Summit Ridge Dr N

5511 Caprock Smt Dr, Unit 4110
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5511 Caprock Smt Dr, Unit 1409

3400 Ranch Rd 620 S, Unit 8208

111 Comanche Dr

3400 Ranch Rd 620 S, Unit 12101

3400 Ranch Rd 620 S, Unit 11107

15302 Cavalier Canyon Dr

18800 Hogan Cir

287 Venture Blvd S

361 Fantail Loop
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101 World of Tennis Sq

220 Sailmaster St

220 Sailmaster St, Unit A, Unit A

5511 Caprock Smt Dr, Unit 2110

5511 Caprock Smt Dr, Unit 1308

5511 Caprock Smt Dr, Unit 2306

5511 Caprock Smt Dr, Unit 1208

5511 Caprock Smt Dr, Unit 4104

5511 Caprock Smt Dr, Unit 4106
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5511 Caprock Smt Dr, Unit 1406

5511 Caprock Smt Dr, Unit 1408

5511 Caprock Smt Dr, Unit 1310

5511 Caprock Smt Dr, Unit 4306

520 Cutty Trail

300 Venture Blvd S

115 Comanche Dr

18800 Venture Dr

1104 Buffalo Gap Rd
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.
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 | $2,161 | $1,500 | $3,500 |
| Lakeway 3 Bedroom Homes for Rent | $2,758 | $1,595 | $4,500 |
| Lakeway 4 Bedroom Homes for Rent | $4,984 | $2,400 | $10,000+ |
| Lakeway 5 Bedroom Homes for Rent | $5,337 | $2,350 | $9,998 |
| Lakeway 6 Bedroom Homes for Rent | $5,345 | $5,345 | $5,345 |
Browse Homes for Rent in this Neighborhood
There are currently 45 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 $1,257. Pearl 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 | A2 | 1BR,1BA | $1,257 |
| Pearl Bee Cave | A2.WF | 1BR,1BA | $1,300 |
| Estates at Bee Cave | A1 | 1BR,1BA | $1,344 |
| Travis at the Lake | B1 | 2BR,2BA | $1,510 |
| The Artesian at Bee Cave | A-Flat 1 | 1BR,1BA | $1,615 |
| BB Living Sweetwater Crossing | 3B Townhome | 3BR,2BA | $3,043 |
| Jovie Lakeway | B6 ADA | 2BR,2BA | $4,106 |
Best Value Apartments for Rent in Lakeway, TX
As of April 17, 2026 the best value apartment in the Lakeway area is the $3.70 price per square foot TH2 Model at Pearl Bee Cave in the in the Falconhead neighborhood starting from $6,450. The second greatest value Lakeway apartment is the 3A Townhome Model at BB Living Sweetwater Crossing starting at $3,283 with a $1.89 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. |
|---|---|---|---|
| Pearl Bee Cave | TH2 | 3BR,2.5BA | $3.70 |
| BB Living Sweetwater Crossing | 3A Townhome | 3BR,2.5BA | $1.89 |
| Jovie Lakeway | B6 ADA | 2BR,2BA | $3.20 |
| Estates at Bee Cave | B1-G | 2BR,2BA | $2.04 |
| The Artesian at Bee Cave | B-Flat 2 | 2BR,2BA | $2.27 |
| Travis at the Lake | A5 | 1BR,1BA | $1.71 |
| Berkshire Lakeway | A5 T | 1BR,1BA | $1.97 |
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 $1,225 to $6,450. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,300 to $14,000.
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 $1,300 to $14,000 with an average monthly rent of $3,778.
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 $2,263 to $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,746.
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
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I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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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.

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Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.