Cheap Homes for Rent in Canyon Lake, TX from $700 (23 Rentals)

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

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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property at 509 High Dr

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

Studio, 1 Bath Home for Rent

Available Now

509 High Dr, Unit #1

509 High Dr
Spring BranchTX78070

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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property at 3133 Puter Creek Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

3133 Puter Creek Rd, Unit B

3133 Puter Creek Rd
Spring BranchTX78070

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 1-23, Page 1 of 1

Canyon Lake, TX Local Guide

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a Studio unit found at Gruene Point in the Quail Valley neighborhood priced from $610. Primrose HAUS in the The Heights at Oak Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gruene PointThe LandaStudio,1BA$610
Primrose HAUSA11BR,1BA$800
Cypress EdgeClassic One Bedroom1BR,1BA$801
Northwood Luxury Apartments & Corporate SuitesThe Elm1BR,1BA$900
The DevereauxS1Studio,1BA$929

Best Value Apartments for Rent in Canyon Lake, TX

As of June 03, 2026 the best value apartment in the Canyon Lake area is the $1.39 price per square foot C4: 3 Bedroom Model at Oak Creek in the in the Quail Valley neighborhood starting from $2,134. The second greatest value Canyon Lake apartment is the TH1 Model at Braunwood at Town Creek starting at $1,899 with a $1.34 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.
Oak CreekC4: 3 Bedroom3BR,3BA$1.39
Braunwood at Town CreekTH13BR,2.5BA$1.34
Solstice SpringsA13BR,2.5BA$1.26
1116 Lakeshore Dr, Unit Apartments1116 Lakeshore Dr2BR,1.5BA$0.96
1654 Skyline Dr, Unit Unit#2bd1ba1654 Skyline Dr2BR,1BA$1.28
Cypress EdgePremium Two Bedroom2BR,2BA$1.33
Braunfels PlaceB1BR,1BA$1.26
Laurel Heights ApartmentsClassic 2x1!2BR,1BA$1.27
RiverStone Apartment HomesComal1BR,1BA$1.38
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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Canyon Lake, TX Rentals by Map

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Frequently Asked Questions about Canyon Lake

What type of rentals are currently available in Canyon Lake?

There are currently 80 Apartments for Rent in Canyon Lake, TX with pricing that ranges from $610 to $11,817. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $700 to $3,750.

What is the current price range for Rental Homes in Canyon Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Canyon Lake ranges from $700 to $3,750 with an average monthly rent of $1,732.

How much are larger Three and Four Bedroom Rentals in Canyon Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Canyon Lake range from $1,275 to $5,936, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,775 and Four Bedroom Apartments start at $1,899.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.