Cheap Apartments for Rent in Lakeway, TX from $500 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Lakeway.

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 Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-35, Page 1 of 1

Lakeway, TX Local Guide

Cheapest Available Lakeway Apartments for Rent

 

The cheapest available apartment rental in Lakeway, TX is a 1 Bed unit found at Vista Bella in the Far West Travis neighborhood priced from $500. Sonterra Apartment Homes in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $967. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vista BellaOne Bedroom1BR,1BA$500
Sonterra Apartment HomesSerenity1BR,1BA$967
The VerandahBluebonnet - A11BR,1BA$1,001
Cardinal Point ApartmentsA11BR,1BA$1,050
Nolina FlatsMAGELLAN1BR,1BA$1,063
Abelia FlatsMAPLE2BR,1BA$1,090
Bridge at Steiner Ranch73-A1A81BR,1BA$1,099
PromesaTierra1BR,1BA$1,101
Bell Four PointsAustin1BR,1BA$1,134
FalconheadA31BR,1BA$1,195

Best Value Apartments for Rent in Lakeway, TX

As of September 22, 2025 the best value apartment in the Lakeway area is the $1.52 price per square foot C2 Model at Avalon Townhomes at Bee Cave in the in the The Vistas at Lake Travis neighborhood starting from $2,380. The second greatest value Lakeway apartment is the B1 Model at Callista Hill Country Apartments starting at $1,375 with a $1.33 price per square foot in the Covered Bridge neighborhood. Here is today’s list of the best values for Lakeway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avalon Townhomes at Bee CaveC23BR,2BA$1.52
Callista Hill Country ApartmentsB12BR,2BA$1.33
Vista BellaTwo Bedroom2BR,2BA$1.50
Cardinal Point ApartmentsB12BR,2BA$1.29
Settler's Creek Apartments2x12BR,1BA$1.29
Meritage at Steiner RanchA1A1BR,1BA$1.55
Nolina FlatsMAGELLAN1BR,1BA$1.33
Abelia FlatsASH1BR,1BA$1.56
The VerandahAzalea - A1BR,1BA$1.38
Sonterra Apartment HomesSerenity1BR,1BA$1.40

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lakeway, TX

Ranked #210

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakeway, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lakeway, TX

View Map
Lakeway, TX Apartments Map
View Map
Lakeway, TX Rental Homes Map

Getting Around Lakeway, TX

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

21 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakeway Apartments

How much is rent for a Cheap One Bedroom Lakeway Apartment?

The lowest price for a Cheap One Bedroom Lakeway Apartment is $500 at Vista Bella.

What is the lowest price for a Cheap Two Bedroom Lakeway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeway is starting from $1,090 at Abelia Flats.

What is the most affordable Lakeway Three Bedroom Apartment?

The best deal on a cheap Lakeway Three Bedroom Apartment rental is at Cardinal Point Apartments and starts from $1,480.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.