
Cheap Homes for Rent in Canyon Lake, TX from $850 (31 Rentals)
Search the lowest-cost Homes available for rent right now in Canyon Lake.


20045 FM306, Unit 106

761 Whippoorwill Dr

721 Ramblewood Dr

385 Duck Mountain Ln

7691 Farm to Market 32

478 Valley View St
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.

611 Buck Trail

494 Valley View St

41340 FM3159

636 Balsa

943 Parkview Dr

20045 FM306, Unit 103

341 Buck Trail
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.

377 Buck Trail

1135 Parkview Dr

564 Misty Glen Dr

127 Quail Run St

215 Spanish Oak Dr

234 Star Grass

1256 Lonesome
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.

865 Qappuella Dr

228 Kaspar Way

711 La Cresta Dr

421 Watts Ln

5037 Chimney Rock

532 Grandview Bend

340 Untermaier St
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.

320 Untermaier St

2437 Broken Arrow

3161 Tanglewood Trail
Canyon Lake, TX Local Guide

How much does it cost to rent a home in Canyon Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canyon Lake 2 Bedroom Homes for Rent | $1,631 | $1,200 | $2,046 |
| Canyon Lake 3 Bedroom Homes for Rent | $1,868 | $980 | $3,850 |
| Canyon Lake 4 Bedroom Homes for Rent | $2,431 | $1,575 | $6,500 |
| Canyon Lake 5 Bedroom Homes for Rent | $2,660 | $2,180 | $3,500 |
| Canyon Lake 6 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Browse Top Homes for Rent in Canyon Lake
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Canyon Lake, TX Local Guide
- Canyon Lake Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Canyon Lake, TX
Pricing Updated: 09/04/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Canyon Lake | $1,272 | $865 | 15 |
| East Canyon Lake | $1,295 | $895 | 12 |
| Hill Country | $1,455 | $610 | 735 |
| South Canyon Lake | $1,645 | $895 | 13 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gruene Pointe | The Landa | Studio,1BA | $610 |
| Hill Country Resort and Luxury Apartments | Overlook | 2BR,2BA | $895 |
| The Devereaux | S1 | Studio,1BA | $899 |
| Laurel Heights | A1 Upgraded | 1BR,1BA | $919 |
| Gruenewood Villa Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $945 |
| Primrose HAUS | A2 | 1BR,1BA | $950 |
| Northwood Luxury Apartments | B1 | 2BR,2BA | $974 |
| Mission Hill | S2 | Studio,1BA | $975 |
| Legacy at Veramendi | Pedernales | Studio,1BA | $976 |
| The April | 1x1A | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Braunwood at Town Creek | TH1 | 3BR,2.5BA | $1.41 |
| Moderno | B3 | 2BR,2BA | $1.24 |
| Solstice Springs | A1 | 3BR,2.5BA | $1.26 |
| Braunfels Place | C | 2BR,2BA | $1.26 |
| Oak Creek | A2: 1 Bedroom | 1BR,1BA | $1.36 |
| New Braunfels Heights | A2 | 1BR,1BA | $1.38 |
| RiverStone Apartment Homes | Comal | 1BR,1BA | $1.32 |
| The Abbey at Veramendi | The Guadalupe | 1BR,1BA | $1.53 |
| Primrose HAUS | A2 | 1BR,1BA | $1.39 |
| Elevate at Sundance | A1 | 1BR,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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Canyon Lake, TX Rentals by Map
See the most popular apartments and homes in Canyon Lake, TX
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

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.

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.

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.

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.