Cheap Homes for Rent in Town Lake Neighborhood of Austin, TX from $1,200 (21 Rentals)

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

property at 1304 Summit St

1304 Summit St

AustinTX78741
property at 1800 E 4th St

1800 E 4th St

AustinTX78702
property at 810 E 9th St

810 E 9th St

AustinTX78702
property at 201 Academy Dr

201 Academy Dr

AustinTX78704

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 603 Davis St

603 Davis St

AustinTX78701
property at 54 Rainey St

54 Rainey St

AustinTX78701
property at 300 W 3rd St

300 W 3rd St

AustinTX78703
property at 507 Sabine St

507 Sabine St

AustinTX78701
property at 800 Brazos St

800 Brazos St

AustinTX78701

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

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 1 Bed unit found at Parker Heights Apartments priced from $900. Talavera Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,035. Here are the most affordable Town Lake apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
Parker Heights Apartments1BR/1.0BA1BR,1BA$900
Talavera LoftsSaltillo/CanteraStudio,1BA$1,035
The ArnoldE1 - AFFORDABLEStudio,1BA$1,099
The Ladybird -1033A2.b-50%1BR,1BA$1,100
Residences at SaltilloE1 - SMARTStudio,1BA$1,102

Best Value Apartments for Rent in Town Lake, TX

As of April 23, 2025 the best value apartment in the Town Lake area is the $2.00 price per square foot B1 Model at Eleven by Windsor in the in the Town Lake neighborhood starting from $2,044. The second greatest value Town Lake apartment is the A1.j-80% Model at The Ladybird -1033 starting at $1,809 with a $2.16 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.
Eleven by WindsorB12BR,2BA$2.00
The Ladybird -1033A1.j-80%1BR,1BA$2.16
AMLI EastsideA3c1BR,1BA$2.50
The Beverly AustinA11BR,1BA$2.25
Parker Heights Apartments1BR/1.0BA1BR,1BA$1.47
Lakeshore Pearl1B1BR,1BA$2.69
Talavera LoftsSaltillo/CanteraStudio ,1BA$1.88
The WillowsPRELEASE NOW FOR SUMMER 2025 wilA1Studio ,1BA$2.57
SoCo on the Lake0AStudio ,1BA$2.70
The Breakers on the LakeS1Studio ,1BA$2.78

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Frequently Asked Questions about Town Lake

What type of rentals are currently available in Town Lake?

There are currently 142 Apartments for Rent in Town Lake, TX with pricing that ranges from $702 to $19,364. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Town Lake ranging from $1,250 to $17,500.

What is the current price range for Rental Homes in Town Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Town Lake ranges from $1,250 to $17,500 with an average monthly rent of $4,143.

How much are larger Three and Four Bedroom Rentals in Town Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Town Lake range from $900 to $19,364, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,860 to $11,500. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $3,100.

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.