Cheap Homes for Rent in Lakeway, TX from $1,200 (56 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 375 Fantail Loop

$1,665

Total Monthly Price

Total Monthly Price

Base Rent
$1,665
Total Monthly Price
$1,665

2 Bedroom, 2 Bath Home for Rent

Available Now

375 Fantail Loop, Unit B

375 Fantail Loop
AustinTX78734
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
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

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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property at 17 Casa Verde St

$1,990

Total Monthly Price

Total Monthly Price

Base Rent
$1,990
Total Monthly Price
$1,990

2 Bedroom, 2 Bath Condo for Rent

Available Now

17 Casa Verde St

LakewayTX78734
property at 220 Sailmaster St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

3 Bedroom, 2 Bath Home for Rent

Available Now

220 Sailmaster St, Unit A

220 Sailmaster St
LakewayTX78734
property at 300 Venture Blvd S

$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

300 Venture Blvd S

Point VentureTX78645

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 2918 Ranch Rd 620 N

$2,100

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 3 Bath Condo for Rent

Available Now

2918 Ranch Rd 620 N, Unit J-162

2918 Ranch Rd 620 N
AustinTX78734

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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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 Studio unit found at Abelia Flats in the Northwest Austin neighborhood priced from $757. The Verandah 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
Abelia FlatsCHESTNUTStudio,1BA$757
The VerandahAzalea - A1BR,1BA$996
Ellwood at Lake TravisA6 Canyon Classic1BR,1BA$1,035
Cardinal Point ApartmentsA11BR,1BA$1,050
Bell Four PointsAustin1BR,1BA$1,084
Sonterra Apartment HomesSerenity1BR,1BA$1,094
Nolina FlatsCOLUMBUS1BR,1BA$1,096
PromesaTierra1BR,1BA$1,099
Panorama VillasA11BR,1BA$1,150
Southwest TrailsB22BR,2BA$1,235

Best Value Apartments for Rent in Lakeway, TX

As of August 05, 2026 the best value apartment in the Lakeway area is the $1.42 price per square foot B1A Model at Meritage at Steiner Ranch in the in the Northwest Austin neighborhood starting from $1,704. The second greatest value Lakeway apartment is the Income-Restricted Three Bedroom, 2 Bath (50%) Model at Vista Bella starting at $1,594 with a $1.33 price per square foot in the Far West Travis 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$1.42
Vista BellaIncome-Restricted Three Bedroom, 2 Bath (50%)3BR,2BA$1.33
373 Fantail Loop, Unit B373 Fantail Loop2BR,2BA$1.45
Cardinal Point ApartmentsB12BR,2BA$1.29
Southwest TrailsB12BR,2BA$1.22
Sonterra Apartment HomesCelestial2BR,1BA$1.51
Callista Hill Country ApartmentsA31BR,1BA$1.52
Nolina FlatsCOLUMBUS1BR,1BA$1.47
The VerandahAzalea - A1BR,1BA$1.40
Bell Four PointsAustin1BR,1BA$1.49

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

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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!

Explore Lakeway, TX Rentals by Map

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Frequently Asked Questions about Lakeway

What type of rentals are currently available in Lakeway?

There are currently 63 Apartments for Rent in Lakeway, TX with pricing that ranges from $837 to $4,400. There are also 194 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,200 to $19,500.

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 $19,500 with an average monthly rent of $3,966.

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 $1,594 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,518.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.