
Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeway area of Austin.


3499 Ranch Rd 620 S

383 Fantail Loop

415 Fantail Loop

559 Demarett Dr

511 Cutty Trail

526 Cutty Trail

3701 Crosswind Dr

363 Fantail Loop

363 Fantail Loop
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

18810 Nicklaus Dr

269 Venture Blvd S

18800 Hogan Cir

325 Venture Blvd S

537 Demarett Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr
Austin's Best Affordable Neighborhoods
Learn about Austin and the best places to live with original content written by our Austin, TX Local Expert Raul Mercado

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

5511 Caprock Smt Dr

333 Fantail Loop

200 World of Tennis Sq
Lakeway, Austin, TX Local Guide

How much does it cost to rent a home in Lakeway?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lakeway 2 Bedroom Homes for Rent | $1,861 | $1,600 | $2,495 |
Lakeway 3 Bedroom Homes for Rent | $2,636 | $1,550 | $4,200 |
Lakeway 4 Bedroom Homes for Rent | $4,487 | $2,595 | $7,500 |
Lakeway 5 Bedroom Homes for Rent | $8,000 | $2,850 | $10,000+ |
Lakeway 6 Bedroom Homes for Rent | $14,100 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Lakeway Neighborhood of Austin, TX.
Explore Austin
Lakeway, Austin, TX Local Guide
- Nearby Austin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lakeway Apartments for Rent
 The cheapest available apartment rental in the Lakeway area of Austin, TX is a 1 Bed unit found at Berkshire Lakeway priced from $1,208. Estates at Bee Cave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,224. Here are the most affordable Lakeway apartments for rent in Austin, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Berkshire Lakeway | A2 | 1BR,1BA | $1,208 |
Estates at Bee Cave | A1 | 1BR,1BA | $1,224 |
Travis at the Lake | A | 1BR,1BA | $1,284 |
Falconhead | A3P | 1BR,1BA | $1,415 |
Avalon Hill Country | A20-764 | 1BR,1BA | $1,470 |
The Artesian at Bee Cave | A2 | 1BR,1BA | $1,613 |
Avalon Townhomes at Bee Cave | D1 | 4BR,2BA | $3,165 |
BB Living Sweetwater Crossing | 3A Townhome | 3BR,2BA | $3,364 |
Best Value Apartments for Rent in Lakeway, TX
As of April 27, 2025 the best value apartment in the Lakeway area is the $2.55 price per square foot Penthouse (CP3) Model at The Artesian at Bee Cave in the in the The Vistas at Lake Travis neighborhood starting from $5,055. The second greatest value Lakeway apartment is the D1 Model at Avalon Townhomes at Bee Cave starting at $3,165 with a $1.70 price per square foot in the The Vistas at Lake Travis neighborhood. Here is today’s list of the best values for Lakeway apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Artesian at Bee Cave | Penthouse (CP3) | 3BR,2.5BA | $2.55 |
Avalon Townhomes at Bee Cave | D1 | 4BR,2.5BA | $1.70 |
BB Living Sweetwater Crossing | 3A Townhome | 3BR,2.5BA | $1.83 |
Berkshire Lakeway | A6 T | 1BR,1BA | $2.00 |
Falconhead | A3P | 1BR,1BA | $1.79 |
Avalon Hill Country | A20-764 | 1BR,1BA | $1.92 |
Estates at Bee Cave | A1 | 1BR,1BA | $1.72 |
Travis at the Lake | A | 1BR,1BA | $2.24 |
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.
Frequently Asked Questions about Lakeway
What type of rentals are currently available in Lakeway?
There are currently 27 Apartments for Rent in Lakeway, TX with pricing that ranges from $1,184 to $5,055. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeway ranging from $750 to $20,000.
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 $750 to $20,000 with an average monthly rent of $5,386.
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 $1,987 to $5,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,200.
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.

The 10 Best Affordable Neighborhoods in Austin, TX
Written by: Raul Mercado
I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.