Cheap Apartments for Rent in Canyon Lake, TX from $700 (52 Rentals)

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

property at 410 Osage Dr

410 Osage Dr

Canyon LakeTX78133
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River Ranch
1 to 2 Bedroom Apartments

River Ranch

5071 Fm-2673Canyon Lake, TX 78133
property at 620 Scenic Run

620 Scenic Run

Canyon LakeTX78133
property at 261 Hidden Dr

261 Hidden Dr

Canyon LakeTX78133

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.

Read Article

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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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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The Brook
1 to 2 Bedroom Apartments

The Brook

575 E Torrey StNew Braunfels, TX 78130
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Cypress Edge
1 to 2 Bedroom Apartments

Cypress Edge

1565 N Business IH 35New Braunfels, TX 78130
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2120 Stephens Pl
1 to 3 Bedroom Apartments

2120 Stephens Pl

2120 Stephens PlNew Braunfels, TX 78130
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705 Village Way
1 to 3 Bedroom Apartments

705 Village Way

705 Village WayNew Braunfels, TX 78130
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Northwood Phase II
1 to 2 Bedroom Apartments

Northwood Phase II

1925 Old FM 306New Braunfels, TX 78130
  • Utilities Included
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1120 Indian Holw
2 to 3 Bedroom Apartments

1120 Indian Holw

1120 Indian HolwSpring Branch, TX 78070
  • Smoke Free

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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Showing Results 1-50, Page 1 of 2

Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 10/14/2025

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
South Canyon Lake$1,350$1,3501
North Canyon Lake$1,395$7752
Hill Country$3,400$775818

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a 1 Bed unit found at Laurel Heights Apartments in the The Heights at Oak Run neighborhood priced from $799. The Brook in the The Heights at Oak Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $828. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laurel Heights Apartments1x1 Apartment in the Heart of New Braunfels!!1BR,1BA$799
The BrookA11BR,1BA$828
Northwood Luxury Apartments & Corporate SuitesThe Elm1BR,1BA$888
Vivo Living New Braunfels IIThe FisherStudio,1BA$924
Primrose HAUSA11BR,1BA$950
LA SIERRA APARTMENTSSienna1BR,1BA$965
The DevereauxS1Studio,1BA$971
Tacara Westpointe VillageA1B1BR,1BA$977
Legacy at VeramendiPedernalesStudio,1BA$979
Lakeview VillasA11BR,1BA$979

Best Value Apartments for Rent in Canyon Lake, TX

As of October 14, 2025 the best value apartment in the Canyon Lake area is the $1.31 price per square foot Innovation Model at Dwelling at New Braunfels in the in the Quail Valley neighborhood starting from $1,599. The second greatest value Canyon Lake apartment is the 2 Bedroom Model at Oak Creek starting at $1,395 with a $1.28 price per square foot in the Quail Valley 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.
Dwelling at New BraunfelsInnovation2BR,2BA$1.31
Oak Creek2 Bedroom2BR,2BA$1.28
Braunfels PlaceB1BR,1BA$1.34
The BrookB12BR,1BA$1.32
Laurel Heights ApartmentsB1 Upgraded (2x1)2BR,1BA$1.46
Lakeview VillasA21BR,1BA$1.50
Riverhaus CreeksideFrio1BR,1BA$1.43
CREEKSIDE VUE APARTMENTS1A1BR,1BA$1.47
Prose EvergreenA1-A1BR,1BA$1.51
Cypress EdgeClassic One Bedroom1BR,1BA$1.29

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Canyon Lake, TX

Ranked #292

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Getting Around Canyon Lake, TX

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

16 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $979.

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 $799, while the average apartment in Canyon Lake costs $2,048.

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 32 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 $1,847 cheaper than the average rent for all rentals in Canyon Lake.

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.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.