Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $700 (32 Rentals)

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

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.

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property at 18800 Hogan Cir

18800 Hogan Cir

Lago VistaTX78645

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.

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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.

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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.

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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 $1,192. Falconhead has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,324. Here are the most affordable Lakeway apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Berkshire LakewayA11BR,1BA$1,192
FalconheadA1P1BR,1BA$1,324
Avalon Hill CountryA20-7641BR,1BA$1,340
Estates at Bee CaveB12BR,2BA$1,582
Travis at the LakeA3a1BR,1BA$1,700
The Artesian at Bee CaveA21BR,1BA$1,910
BB Living Sweetwater Crossing3A Townhome3BR,2BA$2,970

Best Value Apartments for Rent in Lakeway, TX

As of July 29, 2025 the best value apartment in the Lakeway area is the $1.76 price per square foot 4A Townhome Model at BB Living Sweetwater Crossing in the in the The Vistas at Lake Travis neighborhood starting from $3,360. The second greatest value Lakeway apartment is the A3a Model at Travis at the Lake starting at $1,700 with a $1.98 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 ListingModel NameBed/BathPrice Per Sq.Ft.
BB Living Sweetwater Crossing4A Townhome4BR,2.5BA$1.76
Travis at the LakeA3a1BR,1BA$1.98
Berkshire LakewayA6 T1BR,1BA$2.13
FalconheadA3L1BR,1BA$2.18
The Artesian at Bee CaveA2b1BR,1BA$2.56
Avalon Hill CountryA20-7641BR,1BA$1.75
Estates at Bee CaveA11BR,1BA$2.39

Quick Rent Budget Calculator

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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 $1,170 to $5,600. There are also 175 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $799 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 $799 to $19,500 with an average monthly rent of $5,205.

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 $2,172 to $4,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,100. Four Bedroom Single-Family rentals are also available starting from $799 and Four Bedroom Apartments start at $2,640.

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.

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The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.