Cheap Homes for Rent in Lakeway, TX from $700 (34 Rentals)

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Cheap Homes in Lakeway.

property at 5600 Madrone

5600 Madrone

Bee CaveTX78738

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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property at 363 Fantail Loop

363 Fantail Loop

AustinTX78734
property at 18800 Hogan Cir

18800 Hogan Cir

Lago VistaTX78645

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.

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property at 3160 Thurman Rd

3160 Thurman Rd

LeanderTX78645
Showing Results 1-34, Page 1 of 1

Lakeway, TX Local Guide

Cheapest Available Lakeway Apartments for Rent

 

The cheapest available apartment rental in Lakeway, TX is a 1 Bed unit found at Ellwood at Lake Travis in the Northwest Austin neighborhood priced from $990. The Verandah in the Northwest Austin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here is today’s list of the most affordable Lakeway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ellwood at Lake Travis1 Bedroom 1 Bath1BR,1BA$990
The VerandahAzalea - A1BR,1BA$1,020
Sonterra Apartment HomesSerenity1BR,1BA$1,037
Bell Four PointsDecker1BR,1BA$1,044
Abelia FlatsCHESTNUTStudio,1BA$1,059
PromesaTierra1BR,1BA$1,111
Landmark ConservancyA11BR,1BA$1,116
Cardinal Point ApartmentsA11BR,1BA$1,124
Alister Oak HillA011BR,1BA$1,132
Settler's Creek Apartments2x12BR,1BA$1,150

Best Value Apartments for Rent in Lakeway, TX

As of May 02, 2025 the best value apartment in the Lakeway area is the $1.36 price per square foot B1A Model at Meritage at Steiner Ranch in the in the Northwest Austin neighborhood starting from $1,636. The second greatest value Lakeway apartment is the Greenbriar - D Model at The Verandah starting at $1,735 with a $1.44 price per square foot in the Northwest Austin 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 RanchB1A2BR,1BA$1.36
The VerandahGreenbriar - D2BR,2BA$1.44
Settler's Creek Apartments2x2A2BR,2BA$1.28
Alister Oak HillB02 Renovated2BR,2BA$1.46
Cardinal Point ApartmentsA11BR,1BA$1.35
Nolina FlatsMAGELLAN1BR,1BA$1.61
Callista Hill Country ApartmentsA21BR,1BA$1.59
Ellwood at Lake Travis1 Bedroom 1 Bath Renovated1BR,1BA$1.44
Cortland River PlaceRiver Place1BR,1BA$1.60
Sonterra Apartment HomesSerenity1BR,1BA$1.50

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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 $10,950. There are also 170 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 $7,302.

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 $9,596, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,246.

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 Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

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.