Cheap Apartments for Rent in Canyon Lake, TX from $700 (61 Rentals)

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

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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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

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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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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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: 12/04/2025

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
East Canyon Lake$2,800$2,8001
North Canyon Lake$2,800$87514
South Canyon Lake$3,000$85060
Hill Country$3,495$850212

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
Tacara Westpointe VillageA1A1BR,1BA$901
Lakeview VillasA11BR,1BA$916
Vivo Living New Braunfels IIThe FisherStudio,1BA$924
LA SIERRA APARTMENTSSienna1BR,1BA$927
ModernoA11BR,1BA$943
Gruenewood Villa Apartments1 Bedroom, 1 Bathroom1BR,1BA$945
Primrose HAUSA11BR,1BA$950
Riverhaus CreeksideSabine1BR,1BA$954

Best Value Apartments for Rent in Canyon Lake, TX

As of December 04, 2025 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 $1,350 with a $0.96 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$0.96
COTTON CROSSINGC13BR,2BA$1.42
Oak Creek2 Bedroom2BR,2BA$1.28
The Sage2B2B2BR,2BA$1.24
Lakeview VillasB12BR,2BA$1.45
Braunfels PlaceB1BR,1BA$1.35
The BrookB1 Renovated2BR,1BA$1.40
CREEKSIDE VUE APARTMENTS1D1BR,1BA$1.45
Elevate at SundanceA11BR,1BA$1.48

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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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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Pet Friendly Lifestyle
Canyon Lake, TX

Ranked #293

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 the Cheapest Studio apartment in Canyon Lake?

Currently the most affordable Cheap Studio Apartment in Canyon Lake is at 2204 W San Antonio St listed at $850.

How much is rent for a Cheap One Bedroom Canyon Lake Apartment?

The lowest price for a Cheap One Bedroom Canyon Lake Apartment is $875 at Laurel Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Canyon Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Canyon Lake is starting from $1,045 at Laurel Heights Apartments.

What is the most affordable Canyon Lake Three Bedroom Apartment?

The best deal on a cheap Canyon Lake Three Bedroom Apartment rental is at Oak Creek and starts from $1,525.

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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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! 

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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.