Cheap Apartments for Rent in the Town Lake Neighborhood of Austin, TX from $700 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Town Lake area of Austin.

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property at 501 Brazos St

501 Brazos St

AustinTX78701

Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

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property at 1401 E 4th St

1401 E 4th St

AustinTX78702
property at 1304 Newning Ave

1304 Newning Ave

AustinTX78704

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704

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Town Lake, Austin, TX Local Guide

Cheapest Available Town Lake Apartments for Rent

 

The cheapest available apartment rental in the Town Lake area of Austin, TX is a Studio unit found at The Rebekah priced from $702. Pathways at Chalmers Courts West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The RebekahStudioStudio,1BA$702
Pathways at Chalmers Courts West1/11BR,1BA$875
Timbercreek ApartmentsE1 AffordableStudio,1BA$978
Placemakr Downtown AustinS2Studio,1BA$1,124
Residences at SaltilloE1 - SMARTStudio,1BA$1,171
SoCo on the Lake1A1BR,1BA$1,190
Lakeshore PearlE1Studio,1BA$1,200
The ArnoldE1 - AffordableStudio,1BA$1,230
CrescentE1Studio,1BA$1,292

Best Value Apartments for Rent in Town Lake, TX

As of November 17, 2025 the best value apartment in the Town Lake area is the $2.00 price per square foot A3 Model at The Beverly at Medical Center in the in the Town Lake neighborhood starting from $1,642. The second greatest value Town Lake apartment is the The Nueces Model at Villas on Sixth Apartment Homes starting at $1,375 with a $1.82 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Town Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Beverly at Medical CenterA31BR,1BA$2.00
Villas on Sixth Apartment HomesThe Nueces1BR,1BA$1.82
South Congress SquareA11BR,1BA$2.26
The Ladybird Senior Apartments - 55+A2.c-60%1BR,1BA$2.03
Pathways at Chalmers Courts West1/11BR,1BA$1.27
The WeaverA31BR,1BA$2.47
The WillowswilA31BR,1BA$2.34
SoCo on the Lake1A1BR,1BA$2.31
The RebekahStudioStudio ,1BA$1.76
Timbercreek ApartmentsE1 AffordableStudio ,1BA$2.45

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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.

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Pet Friendly Lifestyle
Town Lake, Austin, TX

Ranked #39

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Town Lake, Austin, and the greater Austin area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Town Lake Apartments

What is the Cheapest Studio apartment in Town Lake?

Currently the most affordable Cheap Studio Apartment in Town Lake is at The Rebekah listed at $702.

How much is rent for a Cheap One Bedroom Town Lake Apartment?

The lowest price for a Cheap One Bedroom Town Lake Apartment is $753 at The Rebekah.

What is the lowest price for a Cheap Two Bedroom Town Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Town Lake is starting from $1,258 at Timbercreek Apartments.

What is the most affordable Town Lake Three Bedroom Apartment?

The best deal on a cheap Town Lake Three Bedroom Apartment rental is at Villas on Sixth Apartment Homes and starts from $1,900.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.