Cheap Homes for Rent in Canyon Lake, TX from $800 (27 Rentals)

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

property at 620 Scenic Run

$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

620 Scenic Run

Canyon LakeTX78133

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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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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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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property at 326 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

326 Untermaier St

Canyon LakeTX78130

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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property at 348 Untermaier St

$1,495

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

348 Untermaier St

Canyon LakeTX78130
Showing Results 1-27, Page 1 of 1

Canyon Lake, TX Local Guide

Cheapest Neighborhoods for Apartments in Canyon Lake, TX

Pricing Updated: 01/05/2026

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$2,416$7651094
North Canyon Lake$3,550$7655
South Canyon Lake$4,660$1,3254
East Canyon Lake$5,246$8501

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
Vivo Living New Braunfels IIThe FisherStudio,1BA$924
Gruenewood Villa Apartments1 Bedroom, 1 Bathroom1BR,1BA$945
Lakeview VillasA11BR,1BA$950
Primrose HAUSA11BR,1BA$950
Elevate at SundanceA11BR,1BA$959
ModernoA11BR,1BA$968
Riverhaus CreeksideSabine1BR,1BA$972

Best Value Apartments for Rent in Canyon Lake, TX

As of January 05, 2026 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 B2 Model at New Braunfels Heights starting at $1,485 with a $1.26 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$1.44
New Braunfels HeightsB22BR,2BA$1.26
Oak Creek2 Bedroom2BR,2BA$1.19
Tacara Westpointe VillageB1A2BR,2BA$1.38
Braunfels PlaceC2BR,2BA$1.31
Cypress EdgeClassic Two Bedroom2BR,2BA$1.09
The BrookB1 Renovated2BR,1BA$1.37
Alexan Gruene CrossingA11BR,1BA$1.31
1116 Lakeshore Dr, Unit Cottage1116 Lakeshore Dr1BR,1BA$1.39
Elevate at SundanceA11BR,1BA$1.45

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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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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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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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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Frequently Asked Questions about Canyon Lake

What type of rentals are currently available in Canyon Lake?

There are currently 71 Apartments for Rent in Canyon Lake, TX with pricing that ranges from $765 to $7,462. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon Lake ranging from $850 to $9,300.

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 $9,300 with an average monthly rent of $2,219.

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 $7,462, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $9,300. Four Bedroom Single-Family rentals are also available starting from $1,350 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!