
Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $1,300 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Town Lake area of Austin.


802 S 1st St

2020 S Congress Ave

1013 E 3rd St

2020 S Congress Ave

201 Academy Dr, Unit 203

1801 Alta Vista Ave

1202 Newning Ave
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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.

Furnished Studio-Austin - Downtown - Town Lake

1800 E 4th St, Unit 327

620 S 1st St

301 E 4th St

1610 E 6th St

300 W 3rd St

1009A Bonham Terrace, Unit A

807 E Riverside Dr
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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.

54 Rainey St

1208 E 2nd St

500 E Riverside Dr

810 E 9th St

603 Davis St

800 Embassy Dr

1401 Art Dilly Dr.

1401 Art Dilly Dr.
The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX
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800 Embassy Dr

49 Navasota St

505 W 7th St

2100 E 2nd St

800 Brazos St

507 Sabine St

1612 Elmhurst Dr

1113 E 3rd St
Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas
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70 Rainey 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 | $4,345 | $2,000 | $10,000+ |
| Town Lake 3 Bedroom Homes for Rent | $7,297 | $2,100 | $10,000+ |
| Town Lake 4 Bedroom Homes for Rent | $6,577 | $2,850 | $10,000+ |
| Town Lake 5 Bedroom Homes for Rent | $18,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 33 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 $702. Parker Heights has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Town Lake apartments for rent in Austin, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Rebekah | T1- 30% | Studio,1BA | $702 |
| Parker Heights | PH_1x1 | 1BR,1BA | $825 |
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $875 |
| The Arnold | E1 - AFF | Studio,1BA | $1,099 |
| The Lady Bird | A2.c-60% | 1BR,1BA | $1,100 |
| Berkshire Riverview | Studio 1 | Studio,1BA | $1,122 |
| Placemakr Downtown Austin | S1 | Studio,1BA | $1,128 |
| Residences at Saltillo | E1 - SMART | Studio,1BA | $1,171 |
| Corazon | e1-Studio-Affordable | Studio,1BA | $1,207 |
| Timbercreek Apartments | A2 | 1BR,1BA | $1,274 |
Best Value Apartments for Rent in Town Lake, TX
As of April 08, 2026 the best value apartment in the Town Lake area is the $1.67 price per square foot B1.d-80% Model at The Lady Bird in the in the Town Lake neighborhood starting from $1,900. The second greatest value Town Lake apartment is the The Sabine Model at Villas on Sixth Apartment Homes starting at $1,900 with a $1.80 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. |
|---|---|---|---|
| The Lady Bird | B1.d-80% | 2BR,2BA | $1.67 |
| Villas on Sixth Apartment Homes | The Sabine | 3BR,2BA | $1.80 |
| The Willows | wilB2 | 2BR,1BA | $1.67 |
| The Breakers on the Lake | B1 | 2BR,1BA | $1.94 |
| Eleven by Windsor | A2 | 1BR,1BA | $2.44 |
| Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $1.27 |
| Pathways at Chalmers Courts South | 1A | 1BR,1BA | $2.11 |
| Parker Heights | PH_1x1 | 1BR,1BA | $1.34 |
| Timbercreek Apartments | A2 Affordable | 1BR,1BA | $2.25 |
| The Rebekah | T1- 30% | Studio ,1BA | $1.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleWork-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleLocal 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
Read ArticleQuick 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.
Pet Friendly LifestyleTown Lake, Austin, TX
Ranked #50
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Town Lake
What type of rentals are currently available in Town Lake?
There are currently 137 Apartments for Rent in Town Lake, TX with pricing that ranges from $702 to $26,500. There are also 135 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town Lake ranging from $1,300 to $27,413.
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 $1,300 to $27,413 with an average monthly rent of $8,342.
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

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

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.

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.

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers
Written by: Raul Mercado
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.