Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $1,100 (33 Rentals)

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

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.

property at 201 Academy Dr

201 Academy Dr

AustinTX78704
property at 1119 Lawson Ln

1119 Lawson Ln

AustinTX78702
property at 810 E 9th St

810 E 9th St

AustinTX78702
property at 1800 E 4th St

1800 E 4th St

AustinTX78702

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 1610 E 6th St

1610 E 6th St

AustinTX78702
property at 54 Rainey St

54 Rainey St

AustinTX78701
property at 300 W 3rd St

300 W 3rd St

AustinTX78703
property at 603 Davis St

603 Davis St

AustinTX78701

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.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 505 W 7th St

505 W 7th St

AustinTX78701

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 SUMMER 2025 wilA1Studio,1BA$1,199
Berkshire RiverviewStudio 3Studio,1BA$1,272
SoCo on the Lake0BStudio,1BA$1,285
Sentral East AustinEfficiency - Affordable 16301BR,1BA$1,323
The Breakers on the LakeS1Studio,1BA$1,333
The ArnoldE1 - AFFORDABLEStudio,1BA$1,345

Best Value Apartments for Rent in Town Lake, TX

As of June 10, 2025 the best value apartment in the Town Lake area is the $1.77 price per square foot 2A Model at Pathways at Chalmers Courts South in the in the Town Lake neighborhood starting from $1,770. 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.
Pathways at Chalmers Courts South2A2BR,2BA$1.77
The Ladybird Senior Apartments - 55+A1.j-80%1BR,1BA$2.30
AMLI EastsideA31BR,1BA$2.57
Eleven by WindsorA21BR,1BA$2.43
Pathways at Chalmers Courts East1/11BR,1BA$1.25
Pathways at Chalmers Courts West1/11BR,1BA$1.27
Berkshire RiverviewStudio 6Studio ,1BA$2.24
Talavera LoftsE1-60%Studio ,1BA$2.42
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.34
Parker Heights Apartments0BR/1.0BAStudio ,1BA$2.00

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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Frequently Asked Questions about Town Lake

What type of rentals are currently available in Town Lake?

There are currently 129 Apartments for Rent in Town Lake, TX with pricing that ranges from $699 to $22,360. There are also 165 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town Lake ranging from $1,195 to $18,000.

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 $1,195 to $18,000 with an average monthly rent of $3,638.

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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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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.