
Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $1,100 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Town Lake area of Austin.


Private bedroom in 3 bed/2 bath Home

1113 E 2nd St

500 E Riverside Dr

802 S 1st St, Unit Large

1304 Summit St

620 S 1st St

2020 S Congress Ave
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

1119 Lawson Ln

1107 E 10th St

1303 E Cesar Chavez St

810 E 9th St

1800 E 4th St

1616 Elmhurst Dr
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.

1610 E 6th St

513 Pecan Grove Rd, Unit 109

1317 Newning Ave

54 Rainey St

300 W 3rd St

620 S 1st St, Unit 106

603 Davis St

1202 Newning Ave
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.

1310 Garden St

2014 Holly St

800 Embassy Dr, Unit 402

1403 Hillside Ave

710 Colorado St

1013 E 10th 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.

1803 Holly St

1013 E 10th St

1905 Holly St

505 W 7th 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 | $3,260 | $1,295 | $10,000+ |
Town Lake 3 Bedroom Homes for Rent | $4,894 | $1,500 | $10,000+ |
Town Lake 4 Bedroom Homes for Rent | $5,974 | $3,000 | $9,995 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parker Heights Apartments | 0BR/1.0BA | Studio,1BA | $800 |
Pathways at Chalmers Courts East | 1/1 | 1BR,1BA | $869 |
Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $875 |
Talavera Lofts | E1-A-50% | Studio,1BA | $1,098 |
The Willows | PRELEASE NOW FOR SUMMER 2025 wilA1 | Studio,1BA | $1,199 |
Berkshire Riverview | Studio 3 | Studio,1BA | $1,272 |
SoCo on the Lake | 0B | Studio,1BA | $1,285 |
Sentral East Austin | Efficiency - Affordable 1630 | 1BR,1BA | $1,323 |
The Breakers on the Lake | S1 | Studio,1BA | $1,333 |
The Arnold | E1 - AFFORDABLE | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pathways at Chalmers Courts South | 2A | 2BR,2BA | $1.77 |
The Ladybird Senior Apartments - 55+ | A1.j-80% | 1BR,1BA | $2.30 |
AMLI Eastside | A3 | 1BR,1BA | $2.57 |
Eleven by Windsor | A2 | 1BR,1BA | $2.43 |
Pathways at Chalmers Courts East | 1/1 | 1BR,1BA | $1.25 |
Pathways at Chalmers Courts West | 1/1 | 1BR,1BA | $1.27 |
Berkshire Riverview | Studio 6 | Studio ,1BA | $2.24 |
Talavera Lofts | E1-60% | Studio ,1BA | $2.42 |
The Willows | PRELEASE NOW FOR SUMMER 2025 wilA1 | Studio ,1BA | $2.34 |
Parker Heights Apartments | 0BR/1.0BA | Studio ,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.
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.

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

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.

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.

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.