Cheap Apartments for Rent in the Town Lake Neighborhood of Austin, TX from $600 (39 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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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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1300 Newning Ave
2 Bedroom Apartments

1300 Newning Ave

1300 Newning AveAustin, TX 78704
  • Smoke Free

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East Village Apartments
1 Bedroom Apartments

East Village Apartments

1314 Rosewood AveAustin, TX 78702
  • Utilities Included
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Elle West Ave
Studio to 2 Bedroom Apartments

Elle West Ave

300 West AveAustin, TX 78701
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South Congress Square
1 to 2 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
  • Utilities Included
Showing Results 1-39, Page 1 of 1

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 Parker Heights Apartments priced from $800. Pathways at Chalmers Courts East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $869. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Parker Heights Apartments0BR/1.0BAStudio,1BA$800
Pathways at Chalmers Courts East1/11BR,1BA$869
Pathways at Chalmers Courts West1/11BR,1BA$875
Talavera LoftsE1-A-50%Studio,1BA$1,098
The WillowsPRELEASE NOW FOR FALL 2025 wilA1Studio,1BA$1,199
The ArnoldE1 - AFFORDABLEStudio,1BA$1,206
SoCo on the Lake0BStudio,1BA$1,253
Berkshire RiverviewStudio 1Studio,1BA$1,285
Sentral East AustinEfficiency - Affordable 1630Studio,1BA$1,323
The Breakers on the LakeS1Studio,1BA$1,333

Best Value Apartments for Rent in Town Lake, TX

As of June 18, 2025 the best value apartment in the Town Lake area is the $2.47 price per square foot C1 Model at Muse at SoCo in the in the Town Lake neighborhood starting from $3,608. The second greatest value Town Lake apartment is the A1.j-80% Model at The Ladybird Senior Apartments - 55+ starting at $1,927 with a $2.30 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.
Muse at SoCoC13BR,2BA$2.47
The Ladybird Senior Apartments - 55+A1.j-80%1BR,1BA$2.30
Elle West AveAL141BR,1BA$2.69
Pathways at Chalmers Courts East1/11BR,1BA$1.25
Pathways at Chalmers Courts West1/11BR,1BA$1.27
The Beverly AustinA11BR,1BA$2.60
Talavera LoftsE1-60%Studio ,1BA$2.42
SoCo on the Lake0AStudio ,1BA$2.49
The WillowsPRELEASE NOW FOR FALL 2025 wilA1Studio ,1BA$2.34
Parker Heights Apartments0BR/1.0BAStudio ,1BA$2.00

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Pet Friendly Lifestyle
Town Lake, Austin, TX

Ranked #39

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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 Parker Heights Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Town Lake Apartment is $869 at Pathways at Chalmers Courts East.

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 $1,100 at Parker Heights 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 Talavera Lofts and starts from $1,610.

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.