Cheap Apartments for Rent in the Town Lake Neighborhood of Austin, TX from $635 (75 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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Lakeshore Pearl
Rent Specials
$1,287 - $3,349
Total Monthly Price

Total Monthly Price

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$1,287 - $3,349
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Studio to 3 Bedroom Apartments Available Now

Lakeshore Pearl

2223 Waterloo City LnAustin, TX 78741
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Corazon
Rent Specials
$1,500 - $2,717
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$1,500 - $2,717
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Studio to 2 Bedroom Apartments Available Now

Corazon

1000 E 5th StAustin, TX 78702
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property at 1200 Newning Ave

$1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,575
Total Monthly Price
$1,575

1 Bedroom, 1 Bath Condo for Rent

Available Now

1200 Newning Ave, Unit 308

1200 Newning Ave
AustinTX78704
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Railyard
Rent Specials
$1,632 - $3,632
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$1,632 - $3,632
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Studio to 3 Bedroom Apartments Available Now

Railyard

201-301 E 4th St EAustin, TX 78701
Transit Friendly
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AMLI South Shore
Rent Specials
$1,733 - $3,990
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$1,733 - $3,990
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Studio to 3 Bedroom Apartments Available Now

AMLI South Shore

1620 E Riverside DrAustin, TX 78741
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422 at the Lake
Rent Specials
$1,772 - $4,598
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$1,772 - $4,598
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Studio to 2 Bedroom Apartments Available Now

422 at the Lake

422 W Riverside DrAustin, TX 78704
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Bridge at Eastside
Rent Specials
$1,865 - $4,125
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$1,865 - $4,125
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1 to 2 Bedroom Apartments Available Now

Bridge at Eastside

1000-1004 San Marcos StAustin, TX 78702
Family Friendly
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The Marlowe
$1,915 - $2,944
Total Monthly Price

Total Monthly Price

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$1,915 - $2,944
Total Monthly Price
$1,915 - $2,944
1 to 3 Bedroom Apartments Available Now

The Marlowe

1115 Town Creek DrAustin, TX 78741
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property at 800 Embassy Dr

$1,993 - $3,993

Total Monthly Price

Total Monthly Price

Base Rent
$1,993 - $3,993
Total Monthly Price
$1,993 - $3,993

1 To 2 Bedroom Condos for Rent

Available Jan 1, 2027

800 Embassy Dr

AustinTX78702
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Alexan Rivercrest
Rent Specials
$2,001 - $3,456
Total Monthly Price

Total Monthly Price

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$2,001 - $3,456
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Studio to 2 Bedroom Apartments Available Now

Alexan Rivercrest

1301 Parker LnAustin, TX 78741
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The Lola
Rent Specials
$2,135 - $3,770
Total Monthly Price

Total Monthly Price

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$2,135 - $3,770
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1 to 2 Bedroom Apartments Available Now

The Lola

1221 S Congress AveAustin, TX 78704
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Muse at SoCo
Rent Specials
$2,143 - $3,717
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$2,143 - $3,717
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1 to 3 Bedroom Apartments Available Now

Muse at SoCo

1007 S Congress AveAustin, TX 78704
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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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East Village Apartments
1 Bedroom Apartments

East Village Apartments

1314 Rosewood AveAustin, TX 78702
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South Congress Square
1 to 2 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Parker Heights priced from $635. Pathways at Chalmers Courts West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $914. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Parker HeightsChoose Your Special! Affordable Studio Living i...Studio,1BA$635
Pathways at Chalmers Courts West1/11BR,1BA$914
The Ladybird Senior Apartments - 55+A1.g-60%1BR,1BA$999
The ArnoldE1 - AffordableStudio,1BA$1,099
Timbercreek ApartmentsE1 AffordableStudio,1BA$1,117
The Breakers on the LakeS1Studio,1BA$1,169
Residences at SaltilloE1 - SMARTStudio,1BA$1,176
The WillowswilA31BR,1BA$1,299
Bell South ShoreA1E - SMART1BR,1BA$1,311
Sentral East AustinStudio - Affordable - 1614Studio,1BA$1,323

Best Value Apartments for Rent in Town Lake, TX

As of August 30, 2026 the best value apartment in the Town Lake area is the $2.27 price per square foot Republic Model at 404 Rio Grande in the in the Town Lake neighborhood starting from $3,165. The second greatest value Town Lake apartment is the B1.d-80% Model at The Ladybird Senior Apartments - 55+ starting at $1,900 with a $1.67 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.
404 Rio GrandeRepublic2BR,2BA$2.27
The Ladybird Senior Apartments - 55+B1.d-80%2BR,2BA$1.67
The Beverly at Medical CenterA71BR,1.5BA$2.02
Villas on Sixth Apartment HomesThe Pecos - Income Restricted2BR,2BA$1.53
Berkshire RiverviewA51BR,1BA$2.37
Pathways at Chalmers Courts East1/11BR,1BA$2.23
Pathways at Chalmers Courts West1/11BR,1BA$1.33
The WillowswilA31BR,1BA$2.18
Talavera LoftsE1-60%Studio ,1BA$2.43
Parker HeightsChoose Your Special! Affordable Studio Living i...Studio ,1BA$1.59

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #74

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 Parker Heights listed at $635.

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

The lowest price for a Cheap One Bedroom Town Lake Apartment is $695 at Parker Heights.

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 $1,250 at Parker Heights.

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 $1,609.

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.

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