Cheap Homes for Rent in Lakeway, TX from $1,200 (31 Rentals)

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

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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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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property at 18800 Hogan Cir

18800 Hogan Cir

Lago VistaTX78645

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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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.

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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 $912. Promesa in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,032. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Abelia FlatsCHESTNUTStudio,1BA$912
PromesaSol1BR,1BA$1,032
The VerandahBluebonnet - A21BR,1BA$1,063
Cortland River PlaceRiver Place1BR,1BA$1,069
Sonterra Apartment HomesSerenity1BR,1BA$1,070
Ellwood at Lake Travis1 Bedroom 1 Bath Renovated1BR,1BA$1,090
Nolina FlatsCOLUMBUS1BR,1BA$1,094
Bell Four PointsDecker1BR,1BA$1,099
Cardinal Point ApartmentsA11BR,1BA$1,124
Alister Oak HillA011BR,1BA$1,158

Best Value Apartments for Rent in Lakeway, TX

As of June 19, 2025 the best value apartment in the Lakeway area is the $1.53 price per square foot B3A Model at Meritage at Steiner Ranch in the in the Northwest Austin neighborhood starting from $2,123. The second greatest value Lakeway apartment is the 1102 Minnie Dr Model at 1102 Minnie Dr, Unit Duplex starting at $1,700 with a $1.42 price per square foot in the Steiner Ranch 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 RanchB3A2BR,2BA$1.53
1102 Minnie Dr, Unit Duplex1102 Minnie Dr2BR,1BA$1.42
Settler's Creek Apartments2x2A2BR,2BA$1.28
Nolina FlatsCORONADO2BR,2BA$1.57
Cardinal Point ApartmentsA11BR,1BA$1.35
Ellwood at Lake Travis1 Bedroom 1 Bath Renovated1BR,1BA$1.50
The VerandahAzalea - A1BR,1BA$1.46
Cortland River PlaceRiver Place1BR,1BA$1.49
Sonterra Apartment HomesSerenity1BR,1BA$1.55
PromesaTierra1BR,1BA$1.54

Quick Rent Budget Calculator

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Frequently Asked Questions about Lakeway

What type of rentals are currently available in Lakeway?

There are currently 57 Apartments for Rent in Lakeway, TX with pricing that ranges from $625 to $14,004. There are also 212 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $1,200 to $25,000.

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 $25,000 with an average monthly rent of $6,470.

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 $1,366 to $14,004, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,241.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.