Cheap Homes for Rent in Lakeway, TX from $1,200 (67 Rentals)

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

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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property at 521 Cutty Trail A

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

3 Bedroom, 2 Bath Townhome for Rent

Available Now

521 Cutty Trail A

LakewayTX78734

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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property at 18810 Nicklaus Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 3 Bath Townhome for Rent

Available Now

18810 Nicklaus Dr

Point VentureTX78645

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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property at 430 Summit Ridge Dr N

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895
Total Monthly Price
$1,895

3 Bedroom, 2 Bath Home for Rent

Available Now

430 Summit Ridge Dr N

Lago VistaTX78645
property at 18800 Hogan Cir

$1,950

3 Bedroom, 2 Bath Townhome for Rent

Available Now

18800 Hogan Cir

Lago VistaTX78645
property at 100 Lido Cir

$1,950 - $2,300

2 To 3 Bedroom Rentals

Available Now

100 Lido Cir

LakewayTX78734

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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property at 17 Casa Verde St

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

2 Bedroom, 2 Bath Condo for Rent

Available Now

17 Casa Verde St

LakewayTX78734
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

220 Sailmaster St
LakewayTX78734

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Vista Bella in the Far West Travis neighborhood priced from $781. Abelia Flats in the Northwest Austin neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vista BellaIncome-Restricted 1 Bedroom, 1 Bath (60%)1BR,1BA$781
Abelia FlatsASPENStudio,1BA$835
Sonterra Apartment HomesSerenity1BR,1BA$959
PromesaTierra1BR,1BA$993
Ellwood at Lake TravisA2 Lake Renovated1BR,1BA$1,025
Cardinal Point ApartmentsA11BR,1BA$1,050
The VerandahAzalea - A1BR,1BA$1,052
Bell Four PointsAustin1BR,1BA$1,060
Panorama VillasA21BR,1BA$1,090
Nolina FlatsCOLUMBUS1BR,1BA$1,137

Best Value Apartments for Rent in Lakeway, TX

As of June 21, 2026 the best value apartment in the Lakeway area is the $1.48 price per square foot B1A Model at Meritage at Steiner Ranch in the in the Northwest Austin neighborhood starting from $1,778. The second greatest value Lakeway apartment is the Estrella Model at Promesa starting at $1,672 with a $1.48 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.
Meritage at Steiner RanchB1A2BR,1BA$1.48
PromesaEstrella2BR,2BA$1.48
Cardinal Point ApartmentsB12BR,2BA$1.29
Southwest TrailsB12BR,2BA$1.22
The VerandahCedar Sage - B2BR,1BA$1.48
Sonterra Apartment HomesCelestial2BR,1BA$1.53
Alister Oak HillA01p1BR,1BA$1.39
Valley View Apartments2x12BR,1BA$1.60
Nolina FlatsCOLUMBUS1BR,1BA$1.53
Bell Four PointsAustin1BR,1BA$1.50

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Lakeway, TX Rentals by Map

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See the most popular apartments and homes in Lakeway, TX

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Frequently Asked Questions about Lakeway

What type of rentals are currently available in Lakeway?

There are currently 61 Apartments for Rent in Lakeway, TX with pricing that ranges from $781 to $4,256. There are also 190 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,200 to $16,000.

What is the current price range for Rental Homes in Lakeway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeway ranges from $1,200 to $16,000 with an average monthly rent of $4,031.

How much are larger Three and Four Bedroom Rentals in Lakeway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeway range from $1,429 to $4,256, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,295.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.