Cheap Apartments for Rent in Lakeway, TX from $900 (40 Rentals)

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

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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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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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 5600 Madrone

5600 Madrone

Bee CaveTX78738

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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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 Sonterra Apartment Homes in the Northwest Austin neighborhood priced from $911. Abelia Flats in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $939. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sonterra Apartment HomesSerenity1BR,1BA$911
Abelia FlatsCHESTNUTStudio,1BA$939
Ellwood at Lake Travis1 Bedroom 1 Bath1BR,1BA$1,025
The VerandahAzalea - A1BR,1BA$1,025
Nolina FlatsCOLUMBUS1BR,1BA$1,033
Cardinal Point ApartmentsA11BR,1BA$1,050
Bell Four PointsAustin1BR,1BA$1,069
Settler's Creek Apartments2x2A2BR,2BA$1,090
PromesaTierra1BR,1BA$1,101
Landmark ConservancyA11BR,1BA$1,107

Best Value Apartments for Rent in Lakeway, TX

As of November 16, 2025 the best value apartment in the Lakeway area is the $1.53 price per square foot C3 Model at Avalon Townhomes at Bee Cave in the in the The Vistas at Lake Travis neighborhood starting from $2,600. The second greatest value Lakeway apartment is the LEWIS AND CLARK Model at Nolina Flats starting at $1,999 with a $1.41 price per square foot in the Northwest Austin 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 CaveC33BR,2.5BA$1.53
Nolina FlatsLEWIS AND CLARK3BR,2BA$1.41
Meritage at Steiner RanchB1A2BR,1BA$1.46
Southwest TrailsB22BR,2BA$1.18
Cardinal Point ApartmentsB12BR,2BA$1.29
Callista Hill Country ApartmentsA4D1BR,1BA$1.33
Settler's Creek Apartments2x12BR,1BA$1.29
The VerandahAzalea - A1BR,1BA$1.41
Bell Four PointsAustin1BR,1BA$1.52
Sonterra Apartment HomesSerenity1BR,1BA$1.32

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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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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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

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

Explore Lakeway, TX Rentals by Map

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See the most popular apartments and homes in Lakeway, TX

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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

What is the Cheapest Studio apartment in Lakeway?

Currently the most affordable Cheap Studio Apartment in Lakeway is at Abelia Flats listed at $939.

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

The lowest price for a Cheap One Bedroom Lakeway Apartment is $911 at Sonterra Apartment Homes.

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 Settler's Creek Apartments.

What is the most affordable Lakeway Three Bedroom Apartment?

The best deal on a cheap Lakeway Three Bedroom Apartment rental is at Southwest Trails and starts from $1,399.

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 Apartment Common Area Rules: What Renters Need to Know article

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! 

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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.