Cheap Apartments for Rent in the Town Lake Neighborhood of Austin, TX from $700 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Town Lake area of Austin.

property at 97 Anthony St

97 Anthony St

AustinTX78702

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

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property at 1401 E 4th St

1401 E 4th St

AustinTX78702
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The Willows
Studio to 2 Bedroom Apartments

The Willows

600 S 1st StAustin, TX 78704
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710 E 3rd St
Studio to 2 Bedroom Apartments

710 E 3rd St

710 E 3rd StAustin, TX 78701
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South Congress Square
1 to 2 Bedroom Apartments

South Congress Square

500 S Congress AveAustin, TX 78704
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The Beverly Austin
Studio to 2 Bedroom Apartments

The Beverly Austin

901 Red River StAustin, TX 78701
Showing Results 1-43, Page 1 of 1

Town Lake, Austin, TX Local Guide

Cheapest Available Town Lake Apartments for Rent

 

The cheapest available apartment rental in the Town Lake area of Austin, TX is a Studio unit found at Talavera Lofts priced from $1,035. The Arnold has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Talavera LoftsSaltillo/CanteraStudio,1BA$1,035
The ArnoldE1 - AFFORDABLEStudio,1BA$1,099
The WillowswilA21BR,1BA$1,099
Parker Heights Apartments2BR/1.0BA2BR,1BA$1,100
The LadybirdA2.b-50%1BR,1BA$1,100
Residences at SaltilloE1 - SMARTStudio,1BA$1,102
Sentral East AustinEfficiency - Affordable 1630Studio,1BA$1,323
Eastside StationA1H1BR,1BA$1,323
CrescentE2Studio,1BA$1,395
Berkshire RiverviewStudio 6Studio,1BA$1,427

Best Value Apartments for Rent in Town Lake, TX

As of April 08, 2025 the best value apartment in the Town Lake area is the $1.93 price per square foot 2D Model at Lakeshore Pearl in the in the Town Lake neighborhood starting from $2,363. The second greatest value Town Lake apartment is the 2BR/1.0BA Model at Parker Heights Apartments starting at $1,100 with a $1.07 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Town Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeshore Pearl2D2BR,2BA$1.93
Parker Heights Apartments2BR/1.0BA2BR,1BA$1.07
Eleven by WindsorB12BR,2BA$2.23
The LadybirdA1.j-80%1BR,1BA$2.16
Berkshire RiverviewA3D1BR,1BA$2.31
CrescentA5b1BR,1BA$2.62
The Beverly AustinA2Studio ,1BA$2.50
The Breakers on the LakeA31BR,1BA$2.50
Talavera LoftsSaltillo/CanteraStudio ,1BA$1.88
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57

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Pet Friendly Lifestyle
Town Lake, Austin, TX

Ranked #45

Among neighborhoods in Austin, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Town Lake, Austin, and the greater Austin area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Town Lake Apartments

What is the Cheapest Studio apartment in Town Lake?

Currently the most affordable Cheap Studio Apartment in Town Lake is at Talavera Lofts listed at $1,035.

How much is rent for a Cheap One Bedroom Town Lake Apartment?

The lowest price for a Cheap One Bedroom Town Lake Apartment is $1,099 at The Willows.

What is the lowest price for a Cheap Two Bedroom Town Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Town Lake is starting from $1,100 at Parker Heights Apartments.

What is the most affordable Town Lake Three Bedroom Apartment?

The best deal on a cheap Town Lake Three Bedroom Apartment rental is at Talavera Lofts and starts from $1,518.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.