Cheap Homes for Rent in Lakeway Neighborhood of Austin, TX from $700 (27 Rentals)

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

property at 363 Fantail Loop

363 Fantail Loop

LakewayTX78734

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.

property at 18800 Hogan Cir

18800 Hogan Cir

Lago VistaTX78645

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

Lakeway, Austin, TX Local Guide

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 ListingModel NameBed/BathPriced From
Berkshire LakewayA21BR,1BA$1,208
Estates at Bee CaveA11BR,1BA$1,224
Travis at the LakeA1BR,1BA$1,284
FalconheadA3P1BR,1BA$1,415
Avalon Hill CountryA20-7641BR,1BA$1,470
The Artesian at Bee CaveA21BR,1BA$1,613
Avalon Townhomes at Bee CaveD14BR,2BA$3,165
BB Living Sweetwater Crossing3A Townhome3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Artesian at Bee CavePenthouse (CP3)3BR,2.5BA$2.55
Avalon Townhomes at Bee CaveD14BR,2.5BA$1.70
BB Living Sweetwater Crossing3A Townhome3BR,2.5BA$1.83
Berkshire LakewayA6 T1BR,1BA$2.00
FalconheadA3P1BR,1BA$1.79
Avalon Hill CountryA20-7641BR,1BA$1.92
Estates at Bee CaveA11BR,1BA$1.72
Travis at the LakeA1BR,1BA$2.24

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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.

decorative image for The 10 Best Affordable Neighborhoods in Austin, TX article

The 10 Best Affordable Neighborhoods in Austin, TX

Written by: Raul Mercado

I'm Raul, your ApartmentHomeLiving.com local expert for Austin, Texas.

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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.

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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.

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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.