Cheap Homes for Rent in Lakeway, TX from $1,300 (57 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 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

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 414 Summit Ridge Dr N

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825
Total Monthly Price
$1,825

3 Bedroom, 2 Bath Home for Rent

Available Now

414 Summit Ridge Dr N

Lago VistaTX78645
property at 15104 Texas St

$1,875

Total Monthly Price

Total Monthly Price

Base Rent
$1,875
Total Monthly Price
$1,875

2 Bedroom, 1 Bath Home for Rent

Available Now

15104 Texas St

AustinTX78734

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 18800 Hogan Cir

$1,950

3 Bedroom, 2 Bath Townhome for Rent

Available Now

18800 Hogan Cir

Lago VistaTX78645
property at 14922 Running Deer Trail

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

3 Bedroom, 2 Bath Home for Rent

Available Now

14922 Running Deer Trail

AustinTX78734
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

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 Nolina Flats in the Northwest Austin neighborhood priced from $981. Sonterra Apartment Homes in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $996. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Nolina FlatsMAGELLAN1BR,1BA$981
Sonterra Apartment HomesSerenity1BR,1BA$996
Settler's Creek Apartments2x2A2BR,2BA$1,030
Callista Hill Country ApartmentsA11BR,1BA$1,046
Cardinal Point ApartmentsA11BR,1BA$1,050
The VerandahBluebonnet - A11BR,1BA$1,053
PromesaTierra1BR,1BA$1,058
Bell Four PointsAustin1BR,1BA$1,089
Panorama VillasA21BR,1BA$1,090
Landmark ConservancyA11BR,1BA$1,132

Best Value Apartments for Rent in Lakeway, TX

As of April 26, 2026 the best value apartment in the Lakeway area is the $1.47 price per square foot C1 Model at Travis at the Lake in the in the Far West Travis neighborhood starting from $2,250. The second greatest value Lakeway apartment is the B4 Lake Renovated Model at Ellwood at Lake Travis starting at $1,365 with a $1.25 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.
Travis at the LakeC13BR,2BA$1.47
Ellwood at Lake TravisB4 Lake Renovated2BR,2BA$1.25
Cardinal Point ApartmentsB12BR,2BA$1.29
Southwest TrailsB12BR,2BA$1.22
Settler's Creek Apartments2x12BR,1BA$1.19
Sonterra Apartment HomesLuxury2BR,1BA$1.53
Alister Oak HillA01 Renovated1BR,1BA$1.30
The VerandahAzalea - A1BR,1BA$1.51
Callista Hill Country ApartmentsA11BR,1BA$1.52
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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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 59 Apartments for Rent in Lakeway, TX with pricing that ranges from $981 to $6,450. There are also 174 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,300 to $40,000.

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 $1,300 to $40,000 with an average monthly rent of $3,928.

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 $1,354 to $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,294.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.