Cheap Apartments for Rent in Canyon Lake, TX from $700 (79 Rentals)

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Search the lowest-cost Apartments available for rent right now in Canyon Lake.

property at 232 Rockport Dr

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

232 Rockport Dr

Canyon LakeTX78133
property at 20681 FM306

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

20681 FM306

Canyon LakeTX78133
property at 459 Clay Ridge

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 2 Bath Home for Rent

Available Now

459 Clay Ridge

Canyon LakeTX78133

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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River Ranch
1 to 2 Bedroom Apartments

River Ranch

5071 Fm-2673Canyon Lake, TX 78133
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The April
1 to 3 Bedroom Apartments

The April

635 NottinghamCanyon Lake, TX 78133

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 340 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

340 Untermaier St

Canyon LakeTX78130
property at 320 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

320 Untermaier St

Canyon LakeTX78130
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Gruene Point
Rent Specials
$815 - $1,194
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,194
Total Monthly Price
$815 - $1,194
Studio Apartments Available Now

Gruene Point

1533 N - 35New Braunfels, TX 78130
Corporate Housing
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Linden
$939 - $1,770
Total Monthly Price

Total Monthly Price

Base Rent
$939 - $1,770
Total Monthly Price
$939 - $1,770
Studio to 3 Bedroom Apartments Available Now

Linden

355 Dragoon XingNew Braunfels, TX 78130
Student Housing
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Riverhaus Creekside
Rent Specials
$968 - $2,590
Total Monthly Price

Total Monthly Price

Base Rent
$968 - $2,590
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Riverhaus Creekside

580 Creekside WayNew Braunfels, TX 78130
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Braunfels Place
Rent Specials
$1,079 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $1,999
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Aug 9

Braunfels Place

1231 Huisache AveNew Braunfels, TX 78130
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Lakeview Villas
Rent Specials
$1,081 - $2,062
Total Monthly Price

Total Monthly Price

Base Rent
$1,081 - $2,062
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lakeview Villas

2090 Sundance PkyNew Braunfels, TX 78130
Affordability
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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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Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 07/20/2026

Current apartment rentals in the Canyon Lake, TX area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Canyon Lake Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hill Country$2,199$788763
North Canyon Lake$3,667$8653
East Canyon Lake$4,444$8501
South Canyon Lake$4,773$1,7501

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a 1 Bed unit found at Primrose HAUS in the The Heights at Oak Run neighborhood priced from $800. Gruene Point in the Quail Valley neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $815. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Primrose HAUSA11BR,1BA$800
Gruene PointThe LandaStudio,1BA$815
The DevereauxS1Studio,1BA$899
The April1x1A1BR,1BA$900
LindenS1Studio,1BA$939
Northwood Luxury ApartmentsB12BR,2BA$974
Mission HillS2Studio,1BA$975
Legacy at VeramendiPedernalesStudio,1BA$990
Laurel Heights ApartmentsClassic 2x1!2BR,1BA$995
The Sage1B1B1BR,1BA$999

Best Value Apartments for Rent in Canyon Lake, TX

As of July 21, 2026 the best value apartment in the Canyon Lake area is the $1.38 price per square foot TH1 Model at Braunwood at Town Creek in the in the The Heights at Oak Run neighborhood starting from $1,950. The second greatest value Canyon Lake apartment is the A1 Model at Solstice Springs starting at $1,621 with a $1.21 price per square foot in the The Heights at Oak Run neighborhood. Here is today’s list of the best values for Canyon Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Braunwood at Town CreekTH13BR,2.5BA$1.38
Solstice SpringsA13BR,2.5BA$1.21
Oak CreekB1: 2 Bedroom2BR,2BA$1.31
The BrookB2 Renovated2BR,2BA$1.36
Elevate at SundanceA41BR,1BA$1.43
Prose EvergreenA21BR,1BA$1.43
Laurel Heights ApartmentsClassic 2x1!2BR,1BA$1.27
RiverStone Apartment HomesComal1BR,1BA$1.37
Alexan Gruene CrossingA11BR,1BA$1.31
The Sage1B1B1BR,1BA$1.38

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Canyon Lake Apartments

What is a cheap apartment in Canyon Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Canyon Lake is under $999.

What is the price of a cheap apartment in Canyon Lake?

The cheapest apartment in Canyon Lake is Primrose HAUS which is listed at $800, while the average apartment in Canyon Lake costs $3,770.

What types of apartments are the cheapest in Canyon Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 147 regular apartments in Canyon Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Canyon Lake?

Cheap apartments in Canyon Lake have an average cost of $209 which is $3,561 cheaper than the average rent for all rentals in Canyon Lake.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.