Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $800 (25 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1304 Summit St

1304 Summit St

AustinTX78741

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 1304 Summit St

1304 Summit St

AustinTX78741
property at 1202 Newning Ave

1202 Newning Ave

AustinTX78704
property at 201 Academy Dr

201 Academy Dr

AustinTX78704
property at 810 E 9th St

810 E 9th St

AustinTX78702

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

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

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property at 802 S 1st St

802 S 1st St

AustinTX78704
property at 300 W 3rd St

300 W 3rd St

AustinTX78703
property at 54 Rainey St

54 Rainey St

AustinTX78701
property at 603 Davis St

603 Davis St

AustinTX78701

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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Showing Results 1-25, 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. 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

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

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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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 #39

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Town Lake

What type of rentals are currently available in Town Lake?

There are currently 142 Apartments for Rent in Town Lake, TX with pricing that ranges from $702 to $22,510. There are also 175 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town Lake ranging from $880 to $25,000.

What is the current price range for Rental Homes in Town Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Town Lake ranges from $880 to $25,000 with an average monthly rent of $6,934.

How much are larger Three and Four Bedroom Rentals in Town Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Town Lake range from $2,253 to $22,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $880 to $25,000. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $10,000.

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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

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.