Cheap Apartments for Rent in Canyon Lake, TX from $700 (64 Rentals)

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River Ranch
1 to 2 Bedroom Apartments

River Ranch

5071 Fm-2673Canyon Lake, TX 78133

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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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.

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property at 326 Untermaier St

$1,395

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

326 Untermaier St

Canyon LakeTX78130
property at 348 Untermaier St

$1,395

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

348 Untermaier St

Canyon LakeTX78130

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.

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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.

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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.

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Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 01/18/2026

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$2,895$7651020
North Canyon Lake$3,241$7656
East Canyon Lake$4,237$8502
South Canyon Lake$7,107$1,3255

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a Studio unit found at 2204 W San Antonio St in the The Heights at Oak Run neighborhood priced from $850. Laurel Heights Apartments in the The Heights at Oak Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2204 W San Antonio StStudioStudio,1BA$850
Laurel Heights ApartmentsA1 Classic1BR,1BA$875
Vivo Living New Braunfels IIThe FisherStudio,1BA$924
LA SIERRA APARTMENTSVilla1BR,1BA$930
Lakeview VillasA11BR,1BA$938
Gruenewood Villa Apartments1 Bedroom, 1 Bathroom1BR,1BA$945
Tacara Westpointe VillageE1AStudio,1BA$950
Primrose HAUSA11BR,1BA$950
Elevate at SundanceA11BR,1BA$959

Best Value Apartments for Rent in Canyon Lake, TX

As of January 18, 2026 the best value apartment in the Canyon Lake area is the $1.44 price per square foot TH1 Model at Braunwood at Town Creek in the in the The Heights at Oak Run neighborhood starting from $2,033. The second greatest value Canyon Lake apartment is the 19827 FM 306 Model at 19827 FM 306, Unit Lakeside Lodging Unit C starting at $1,300 with a $0.93 price per square foot in the North Canyon Lake 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$1.44
19827 FM 306, Unit Lakeside Lodging Unit C19827 FM 3062BR,2BA$0.93
Solstice SpringsA13BR,2.5BA$1.29
New Braunfels HeightsB22BR,2BA$1.26
Oak Creek2 Bedroom2BR,2BA$1.25
Braunfels PlaceB1BR,1BA$1.28
1116 Lakeshore Dr, Unit Cottage1116 Lakeshore Dr1BR,1BA$1.39
COTTON CROSSINGA21BR,1BA$1.44
Elevate at SundanceA11BR,1BA$1.42
Lakeview VillasA11BR,1BA$1.44

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Explore Canyon Lake, TX Rentals by Map

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See the most popular apartments and homes in Canyon Lake, TX

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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 $959.

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

The cheapest apartment in Canyon Lake is Laurel Heights Apartments which is listed at $875, while the average apartment in Canyon Lake costs $4,370.

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 47 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 $201 which is $4,169 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

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!