Cheap Homes for Rent in Canyon Lake, TX from $600 (29 Rentals)

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

property at 232 Rockport Dr

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

232 Rockport Dr

Canyon LakeTX78133
property at 20681 FM306

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

20681 FM306

Canyon LakeTX78133

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 459 Clay Ridge

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 2 Bath Home for Rent

Available Now

459 Clay Ridge

Canyon LakeTX78133
property at 234 Star Grass

$1,350 - $1,450

2 Bedroom Rentals

Available Now

234 Star Grass

Spring BranchTX78070

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 340 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

340 Untermaier St

Canyon LakeTX78130
property at 320 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

320 Untermaier St

Canyon LakeTX78130
property at 3161 Tanglewood Trail

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

3161 Tanglewood Trail

Spring BranchTX78070

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.

Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 07/21/2026

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$2,199$788761
North Canyon Lake$3,650$8653
East Canyon Lake$4,241$8501
South Canyon Lake$4,760$1,7501

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a 1 Bed unit found at Primrose HAUS in the The Heights at Oak Run neighborhood priced from $800. Gruene Point in the Quail Valley neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $815. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Primrose HAUSA11BR,1BA$800
Gruene PointThe LandaStudio,1BA$815
The DevereauxS1Studio,1BA$899
The April1x1A1BR,1BA$900
LindenS1Studio,1BA$909
Northwood Luxury ApartmentsB12BR,2BA$974
Mission HillS2Studio,1BA$975
Legacy at VeramendiPedernalesStudio,1BA$990
Laurel Heights ApartmentsClassic 2x1!2BR,1BA$995
The Sage1B1B1BR,1BA$999

Best Value Apartments for Rent in Canyon Lake, TX

As of July 21, 2026 the best value apartment in the Canyon Lake area is the $1.38 price per square foot TH1 Model at Braunwood at Town Creek in the in the The Heights at Oak Run neighborhood starting from $1,950. The second greatest value Canyon Lake apartment is the C2: 3 Bedroom Model at Oak Creek starting at $1,788 with a $1.32 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.
Braunwood at Town CreekTH13BR,2.5BA$1.38
Oak CreekC2: 3 Bedroom3BR,3BA$1.32
Solstice SpringsA13BR,2.5BA$1.21
The BrookB2 Renovated2BR,2BA$1.36
Elevate at SundanceA41BR,1BA$1.43
Prose EvergreenA21BR,1BA$1.43
Laurel Heights ApartmentsClassic 2x1!2BR,1BA$1.27
RiverStone Apartment HomesComal1BR,1BA$1.37
Alexan Gruene CrossingA11BR,1BA$1.31
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Canyon Lake

What type of rentals are currently available in Canyon Lake?

There are currently 74 Apartments for Rent in Canyon Lake, TX with pricing that ranges from $800 to $4,760. There are also 120 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $675 to $6,500.

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 $675 to $6,500 with an average monthly rent of $1,602.

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 $4,648, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $2,138.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.