
Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $900 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Town Lake area of Austin.


1810 Newton St

1013 E 3rd St

500 E Riverside Dr

1616 Elmhurst Dr

1303 E Cesar Chavez St
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.

201 Academy Dr

810 E 9th St

513 Pecan Grove Rd, Unit 109

1800 E 4th St
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.

1304 Summit St

54 Rainey St

603 Davis St

1202 Newning Ave

1009A Bonham Terrace, Unit A

300 W 3rd St

800 Embassy Dr
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.

800 Brazos St
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.

505 W 7th St

1818 S Lakeshore Blvd

800 Embassy Dr, Unit 402

1803 Holly St
Town Lake, Austin, TX Local Guide

How much does it cost to rent a home in Town Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Town Lake 2 Bedroom Homes for Rent | $3,513 | $1,450 | $6,000 |
Town Lake 3 Bedroom Homes for Rent | $4,689 | $930 | $8,950 |
Town Lake 4 Bedroom Homes for Rent | $6,198 | $4,995 | $8,500 |
Town Lake 5 Bedroom Homes for Rent | $13,500 | $10,000 | $10,000+ |
Town Lake 6 Bedroom Homes for Rent | $10,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Town Lake Neighborhood of Austin, TX.
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Town Lake, Austin, TX Local Guide
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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 $699. Parker Heights Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Rebekah | Studio | Studio,1BA | $699 |
Parker Heights Apartments | 0BR/1.0BA | Studio,1BA | $800 |
Talavera Lofts | E1-50% | Studio,1BA | $1,098 |
The Willows | PRELEASE NOW FOR SPRING 2026 wilA3 | 1BR,1BA | $1,199 |
The Arnold | E1 - AFFORDABLE | Studio,1BA | $1,230 |
SoCo on the Lake | 0B | Studio,1BA | $1,325 |
Lakeshore Pearl | E1 | Studio,1BA | $1,350 |
East Village Apartments | Sm 1-1 | 1BR,1BA | $1,400 |
The Ladybird Senior Apartments - 55+ | A2.c-60% | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Town Lake, TX
As of July 30, 2025 the best value apartment in the Town Lake area is the $2.36 price per square foot C7D Model at AMLI Eastside in the in the Town Lake neighborhood starting from $3,239. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
AMLI Eastside | C7D | 2BR,2BA | $2.36 |
The Ladybird Senior Apartments - 55+ | A1.j-80% | 1BR,1BA | $2.30 |
Berkshire Riverview | A2 | 1BR,1BA | $2.46 |
The Breakers on the Lake | B1 | 2BR,1BA | $2.40 |
Crescent | A5b | 1BR,1BA | $2.48 |
The Beverly at Medical Center | A1 | 1BR,1BA | $2.46 |
Talavera Lofts | E1-60% | Studio ,1BA | $2.42 |
The Willows | PRELEASE NOW FOR SPRING 2026 wilA1 | Studio ,1BA | $2.34 |
The Rebekah | Studio | Studio ,1BA | $1.75 |
Parker Heights Apartments | 0BR/1.0BA | Studio ,1BA | $2.00 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Town Lake
What type of rentals are currently available in Town Lake?
There are currently 133 Apartments for Rent in Town Lake, TX with pricing that ranges from $699 to $29,970. There are also 155 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town Lake ranging from $930 to $16,500.
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 $930 to $16,500 with an average monthly rent of $6,025.
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 $1,610 to $22,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $930 to $8,950. Four Bedroom Single-Family rentals are also available starting from $4,995 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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.