Cheap Apartments for Rent in the Town Lake Neighborhood of Austin, TX from $700 (49 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 1401 E 4th St

$1,550 - $1,600

1 Bedroom Rentals

Available Now

1401 E 4th St

AustinTX78702

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South Congress Square
1 to 2 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
  • Utilities Included
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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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Eleven by Windsor
Studio to 2 Bedroom Apartments

Eleven by Windsor

811 E 11th StAustin, TX 78702

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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The Quincy
Studio to 3 Bedroom Apartments

The Quincy

91 Red River StAustin, TX 78701
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Elle West Ave
Studio to 3 Bedroom Apartments

Elle West Ave

300 West AveAustin, TX 78701
Showing Results 1-49, 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 The Rebekah priced from $702. Talavera Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
The RebekahT!Studio,1BA$702
Talavera LoftsE1-60%Studio,1BA$800
Pathways at Chalmers Courts West1/11BR,1BA$875
Pathways at Chalmers Courts East2/12BR,1BA$1,050
Placemakr Downtown AustinS4Studio,1BA$1,156
Residences at SaltilloE1 - SMARTStudio,1BA$1,171
Lakeshore PearlE1Studio,1BA$1,225
South Congress SquareA11BR,1BA$1,226
The ArnoldE1 - AffordableStudio,1BA$1,230
Berkshire RiverviewStudio 1Studio,1BA$1,279

Best Value Apartments for Rent in Town Lake, TX

As of January 15, 2026 the best value apartment in the Town Lake area is the $2.24 price per square foot C1 Model at Muse at SoCo in the in the Town Lake neighborhood starting from $3,271. The second greatest value Town Lake apartment is the A3 Model at Eleven by Windsor starting at $1,759 with a $2.36 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$2.24
Eleven by WindsorA31BR,1BA$2.36
South Congress SquareA11BR,1BA$1.72
The Ladybird Senior Apartments - 55+A2.c-60%1BR,1BA$2.04
Pathways at Chalmers Courts East1/11BR,1BA$2.14
Pathways at Chalmers Courts West1/11BR,1BA$1.27
Pathways at Chalmers Courts South1A1BR,1BA$2.15
Talavera LoftsE1-50%Studio ,1BA$1.45
SoCo on the Lake1A1BR,1BA$2.49
The RebekahT!Studio ,1BA$1.40

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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.

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Pet Friendly Lifestyle
Town Lake, Austin, TX

Ranked #44

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 $1,050 at Pathways at Chalmers Courts East.

What is the most affordable Town Lake Three Bedroom Apartment?

The best deal on a cheap Town Lake Three Bedroom Apartment rental is at Timbercreek Apartments and starts from $2,118.

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

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

Written by: Raul Mercado

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

Written by: Raul Mercado

Hi, I’m Raul, the ApartmentHomeLiving.com Local Guide for Austin. I’ve called the area home long enough to know all the shortcuts and best places to check out and am happy to share them with you today.

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Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.

Articles, How-To's, and Tips

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!