Cheap Homes for Rent in Canyon Lake, TX from $850 (31 Rentals)

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

property at 478 Valley View St
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

478 Valley View St

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 494 Valley View St
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

494 Valley View St

Canyon LakeTX78133
property at 636 Balsa
$1,196

Total Monthly Price

Base Rent$1,196

Total Monthly Price$1,196
3 Bedroom, 2 Bath Home for Rent
Available Now
Affordability

636 Balsa

Canyon LakeTX78133
property at 943 Parkview Dr
$1,200
1 Bedroom Rentals
Available Now
Affordability

943 Parkview Dr

Canyon LakeTX78133

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.

property at 564 Misty Glen Dr
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
2 Bedroom, 2 Bath Home for Rent
Available Now
Affordability

564 Misty Glen Dr

Canyon LakeTX78133
property at 234 Star Grass
$1,325
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

234 Star Grass

Spring BranchTX78070

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
Affordability

340 Untermaier St

Canyon LakeTX78130

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.

property at 320 Untermaier St
$1,495
3 Bedroom, 2.5 Bath Townhome for Rent
Available Now
Affordability

320 Untermaier St

Canyon LakeTX78130
property at 3161 Tanglewood Trail
$1,500

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

Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 09/04/2026

Current apartment rentals in the Canyon Lake, TX area range in price from $610 to $6,977 with an overall median price of $1,452. Here is today’s list neighborhoods with the lowest median pricing for Canyon Lake Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Canyon Lake$1,272$86515
East Canyon Lake$1,295$89512
Hill Country$1,455$610735
South Canyon Lake$1,645$89513

Cheapest Available Canyon Lake Apartments for Rent

 

The cheapest available apartment rental in Canyon Lake, TX is a Studio unit found at Gruene Pointe in the Outer Comal neighborhood priced from $610. Hill Country Resort and Luxury Apartments in the East Canyon Lake neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here is today’s list of the most affordable Canyon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gruene PointeThe LandaStudio,1BA$610
Hill Country Resort and Luxury ApartmentsOverlook2BR,2BA$895
The DevereauxS1Studio,1BA$899
Laurel HeightsA1 Upgraded1BR,1BA$919
Gruenewood Villa Apartments1 Bedroom, 1 Bathroom1BR,1BA$945
Primrose HAUSA21BR,1BA$950
Northwood Luxury ApartmentsB12BR,2BA$974
Mission HillS2Studio,1BA$975
Legacy at VeramendiPedernalesStudio,1BA$976
The April1x1A1BR,1BA$980

Best Value Apartments for Rent in Canyon Lake, TX

As of September 05, 2026 the best value apartment in the Canyon Lake area is the $1.41 price per square foot TH1 Model at Braunwood at Town Creek in the in the The Heights at Oak Run neighborhood starting from $1,999. The second greatest value Canyon Lake apartment is the B3 Model at Moderno starting at $1,705 with a $1.24 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$1.41
ModernoB32BR,2BA$1.24
Solstice SpringsA13BR,2.5BA$1.26
Braunfels PlaceC2BR,2BA$1.26
Oak CreekA2: 1 Bedroom1BR,1BA$1.36
New Braunfels HeightsA21BR,1BA$1.38
RiverStone Apartment HomesComal1BR,1BA$1.32
The Abbey at VeramendiThe Guadalupe1BR,1BA$1.53
Primrose HAUSA21BR,1BA$1.39
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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Frequently Asked Questions about Canyon Lake

What type of rentals are currently available in Canyon Lake?

There are currently 79 Apartments for Rent in Canyon Lake, TX with pricing that ranges from $610 to $6,603. There are also 138 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $850 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 $850 to $6,500 with an average monthly rent of $1,897.

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 $1,195 to $6,603, while Three Bedroom Homes, Condos, and Townhomes for rent range from $980 to $3,850. Four Bedroom Single-Family rentals are also available starting from $1,575 and Four Bedroom Apartments start at $2,530.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.