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.

property at 15205 Cavalier Canyon Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 2 Bath Home for Rent

Available Now

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Sonterra  Apartment Homes
Rent Specials
$923 - $2,330
Total Monthly Price

Total Monthly Price

Base Rent
$888 - $2,295
Required Monthly Fees
$35

Total Monthly Price
$923 - $2,330
1 to 3 Bedroom Apartments Available Now

Sonterra Apartment Homes

8801 N FM 620Austin, TX 78726
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Ellwood at Lake Travis
Rent Specials
$945 - $2,865
Total Monthly Price

Total Monthly Price

Base Rent
$785 - $2,705
Required Monthly Fees
$160

Total Monthly Price
$945 - $2,865
1 to 3 Bedroom Apartments Available Now

Ellwood at Lake Travis

7655 N Ranch Road 620Austin, TX 78726
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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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Bell Four Points
Rent Specials
$984 - $3,260
Total Monthly Price

Total Monthly Price

Base Rent
$938 - $3,214
Required Monthly Fees
$46

Total Monthly Price
$984 - $3,260
1 to 3 Bedroom Apartments Available Now

Bell Four Points

11210 FM 2222Austin, TX 78730
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The Verandah
Rent Specials
$1,041 - $2,155
Total Monthly Price

Total Monthly Price

Base Rent
$1,008 - $2,122
Required Monthly Fees
$33

Total Monthly Price
$1,041 - $2,155
1 to 3 Bedroom Apartments Available Now

The Verandah

8600 FM 620 NAustin, TX 78726
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Avalon Hill Country
Rent Specials
$1,055 - $2,087
Total Monthly Price

Total Monthly Price

Base Rent
$982 - $2,014
Required Monthly Fees
$73

Total Monthly Price
$1,055 - $2,087
1 to 3 Bedroom Apartments Available Now

Avalon Hill Country

3499 Ranch Rd 620 SAustin, TX 78738
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Promesa
Rent Specials
$1,091 - $2,232
Total Monthly Price

Total Monthly Price

Base Rent
$1,027 - $2,168
Required Monthly Fees
$64

Total Monthly Price
$1,091 - $2,232
1 to 3 Bedroom Apartments Available Now

Promesa

9415 McNeil DrAustin, TX 78750
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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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Cortland River Place
Rent Specials
$1,138 - $4,778
Total Monthly Price

Total Monthly Price

Base Rent
$1,098 - $4,738
Required Monthly Fees
$40

Total Monthly Price
$1,138 - $4,778
1 to 2 Bedroom Apartments Available Now

Cortland River Place

10301 Farm-to-Market Rd 2222Austin, TX 78730
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Tacara Steiner Ranch
$1,213 - $2,883
Total Monthly Price

Total Monthly Price

Base Rent
$1,173 - $2,843
Required Monthly Fees
$40

Total Monthly Price
$1,213 - $2,883
1 to 3 Bedroom Apartments Available Now

Tacara Steiner Ranch

4306 N Quinlan Park RdAustin, TX 78732
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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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Landmark Conservancy
Rent Specials
$1,218 - $2,893
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $2,850
Required Monthly Fees
$43

Total Monthly Price
$1,218 - $2,893
1 to 3 Bedroom Apartments Available Now

Landmark Conservancy

9301 Old Bee Caves RdAustin, TX 78735
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AMLI Covered Bridge
Rent Specials
$1,235 - $3,843
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $3,843

Total Monthly Price
$1,235 - $3,843
1 to 3 Bedroom Apartments Available Now

AMLI Covered Bridge

8715 W Highway 71Austin, TX 78735
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Estates at Bee Cave
$1,283 - $2,818
Total Monthly Price

Total Monthly Price

Base Rent
$1,168 - $2,703
Required Monthly Fees
$115

Total Monthly Price
$1,283 - $2,818
1 to 3 Bedroom Apartments Available Now

Estates at Bee Cave

3544 Ranch Road 620 SAustin, TX 78738
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Aura High Pointe
Rent Specials
$1,340 - $3,130
Total Monthly Price

Total Monthly Price

Base Rent
$1,296 - $3,086
Required Monthly Fees
$44

Total Monthly Price
$1,340 - $3,130
1 to 3 Bedroom Apartments Available Now

Aura High Pointe

6701 FM 620 NAustin, TX 78732
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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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Alister Oak Hill
1 to 3 Bedroom Apartments

Alister Oak Hill

8800 Highway 290 WAustin, TX 78736

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.

Lakeway, TX Local Guide

Cheapest Available Lakeway Apartments for Rent

 

The cheapest available apartment rental in Lakeway, TX is a Studio unit found at Abelia Flats in the Northwest Austin neighborhood priced from $921. Sonterra Apartment Homes in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $923. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Abelia FlatsASPENStudio,1BA$921
Sonterra Apartment HomesSerenity1BR,1BA$923
Ellwood at Lake TravisA2 Lake Classic1BR,1BA$945
Bell Four PointsDecker1BR,1BA$984
The VerandahAzalea - A1BR,1BA$1,041
Alister Oak HillA011BR,1BA$1,046
Cardinal Point ApartmentsA11BR,1BA$1,050
Nolina FlatsMAGELLAN1BR,1BA$1,053
PromesaTierra1BR,1BA$1,091
Callista Hill Country ApartmentsA11BR,1BA$1,095

Best Value Apartments for Rent in Lakeway, TX

As of March 01, 2026 the best value apartment in the Lakeway area is the $1.41 price per square foot LEWIS AND CLARK Model at Nolina Flats in the in the Northwest Austin neighborhood starting from $1,993. The second greatest value Lakeway apartment is the C01 Model at Alister Oak Hill starting at $1,808 with a $1.38 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.
Nolina FlatsLEWIS AND CLARK3BR,2BA$1.41
Alister Oak HillC013BR,2BA$1.38
Bell Four PointsMansfield3BR,2BA$1.55
Southwest TrailsC3BR,2BA$1.20
Cardinal Point ApartmentsB12BR,2BA$1.29
Settler's Creek Apartments2x12BR,1BA$1.17
Sonterra Apartment HomesLuxury2BR,1BA$1.47
Vista BellaIncome-Restricted 1 Bedroom, 1 Bath (60%)1BR,1BA$1.59
The VerandahAzalea - A1BR,1BA$1.43
Cortland River PlaceRiver Place1BR,1BA$1.58

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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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 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 $923 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 $1,037 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 Southwest Trails and starts from $1,429.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.