Cheap Apartments for Rent in Lakeway, TX from $900 (93 Rentals)

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

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Jovie Lakeway
Rent Specials
$2,205 - $4,239
Total Monthly Price

Total Monthly Price

Base Rent
$2,205 - $4,239
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 8

Jovie Lakeway

1931 Lohmans Crossing RdLakeway, TX 78734
Senior Living
  • Verified
property at 220 Sailmaster St

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150
Total Monthly Price
$2,150

3 Bedroom, 2 Bath Home for Rent

Available Now

220 Sailmaster St, Unit A, Unit A

220 Sailmaster St
LakewayTX78734

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.

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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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Landmark Conservancy
Rent Specials
$1,132 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,132 - $2,500
Total Monthly Price
$1,132 - $2,500
1 to 3 Bedroom Apartments Available Now

Landmark Conservancy

9301 Old Bee Caves RdAustin, TX 78735
Affordability
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  • Customer Reviewed
  • 3D Tour

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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Estates at Bee Cave
Rent Specials
$1,344 - $3,635
Total Monthly Price

Total Monthly Price

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$1,344 - $3,635
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Estates at Bee Cave

3544 Ranch Road 620 SAustin, TX 78738
Affordability
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  • Customer Reviewed
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Sonora
Rent Specials
$1,421 - $3,372
Total Monthly Price

Total Monthly Price

Base Rent
$1,421 - $3,372
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Sonora

8350 W US Highway 290Austin, TX 78737
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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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Showing Results 1-50, Page 1 of 2

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 $972. Ellwood at Lake Travis in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sonterra Apartment HomesSerenity1BR,1BA$972
Ellwood at Lake TravisA2 Lake Classic1BR,1BA$975
Alister Oak HillA011BR,1BA$996
Cardinal Point ApartmentsA11BR,1BA$1,050
Callista Hill Country ApartmentsA11BR,1BA$1,051
PromesaTierra1BR,1BA$1,058
Bell Four PointsAustin1BR,1BA$1,069
Nolina FlatsCOLUMBUS1BR,1BA$1,071
The VerandahAzalea - A1BR,1BA$1,077
Settler's Creek Apartments2x2A2BR,2BA$1,130

Best Value Apartments for Rent in Lakeway, TX

As of April 15, 2026 the best value apartment in the Lakeway area is the $1.33 price per square foot C01 Renovated Model at Alister Oak Hill in the in the Covered Bridge neighborhood starting from $1,750. The second greatest value Lakeway apartment is the B1 Model at Cardinal Point Apartments starting at $1,314 with a $1.29 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.
Alister Oak HillC01 Renovated3BR,2BA$1.33
Cardinal Point ApartmentsB12BR,2BA$1.29
Southwest TrailsB12BR,2BA$1.22
Settler's Creek Apartments2x12BR,1BA$1.19
Sonterra Apartment HomesLuxury2BR,1BA$1.51
The VerandahAzalea - A1BR,1BA$1.48
Ellwood at Lake TravisA2 Canyon Renovated1BR,1BA$1.57
Bell Four PointsAustin1BR,1BA$1.52
Callista Hill Country ApartmentsA11BR,1BA$1.53
PromesaTierra1BR,1BA$1.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

What is the Cheapest Studio apartment in Lakeway?

Currently the most affordable Cheap Studio Apartment in Lakeway is at Sonora listed at $1,421.

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

The lowest price for a Cheap One Bedroom Lakeway Apartment is $972 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 $1,130 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 $1,429.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.