Cheap Apartments for Rent in Canyon Lake, TX from $700 (51 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
property at 1016 Real Ln

1016 Real Ln

Canyon LakeTX78133

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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

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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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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Cypress Edge
1 to 2 Bedroom Apartments

Cypress Edge

1565 N Business IH 35New Braunfels, TX 78130
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COTTON CROSSING
1 to 2 Bedroom Apartments

COTTON CROSSING

705 Village WayNew Braunfels, TX 78130
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1120 Indian Holw
2 Bedroom Apartments

1120 Indian Holw

1120 Indian HolwSpring Branch, TX 78070
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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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Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 08/27/2025

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
North Canyon Lake$1,345$7753
South Canyon Lake$1,350$1,3501
Hill Country$2,495$775853

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a 1 Bed unit found at Cypress Edge in the Quail Valley neighborhood priced from $851. Northwood Luxury Apartments & Corporate Suites in the Quail Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $888. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cypress Edge1 Bedroom 1 Bathroom1BR,1BA$851
Northwood Luxury Apartments & Corporate SuitesThe Elm1BR,1BA$888
Vivo Living New Braunfels IIThe FisherStudio,1BA$924
Primrose HAUSA11BR,1BA$950
Laurel Heights Apartments1BR/1.0BA1BR,1BA$950
LA SIERRA APARTMENTSSienna1BR,1BA$956
Elevate at SundanceA11BR,1BA$965
Tacara Westpointe VillageE1Studio,1BA$970
Legacy at VeramendiPedernalesStudio,1BA$979

Best Value Apartments for Rent in Canyon Lake, TX

As of August 27, 2025 the best value apartment in the Canyon Lake area is the $1.31 price per square foot Oak Creek 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 $1,325 with a $1.22 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 BraunfelsOak Creek2BR,2BA$1.31
Oak Creek2 Bedroom2BR,2BA$1.22
Braunfels PlaceB1BR,1BA$1.36
COTTON CROSSINGB22BR,1BA$1.52
Riverhaus CreeksideFrio1BR,1BA$1.49
CREEKSIDE VUE APARTMENTS1A1BR,1BA$1.48
Cypress Edge1 Bedroom 1 Bathroom1BR,1BA$1.25
ModernoA11BR,1BA$1.55
Elevate at SundanceA11BR,1BA$1.43
1116 Lakeshore Dr, Unit studio H1116 Lakeshore DrStudio ,1BA$1.50

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 #241

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 Cypress Edge which is listed at $851, while the average apartment in Canyon Lake costs $1,730.

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 30 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 $174 which is $1,556 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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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.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.