Rentometer, Inc. | Data as of 12/04/2025
Lakeway, Texas offers a vibrant rental market that blends the charm of a lakeside community with easy access to the dynamic Houston‑Austin corridor. Prospective renters enjoy a mix of modern apartments and spacious single‑family homes, many of which overlook the scenic waters of Lake Travis or sit near the rolling hills of the Texas Hill Country. Popular neighborhoods such as Lakeway Shores and Rough Hollow provide convenient proximity to upscale dining, boutique shopping, and the renowned Lakeway Resort and Spa, making the area especially appealing to professionals and families seeking a balanced lifestyle.
Apartment options in Lakeway cater to a range of needs, with one‑bedroom units typically priced in the $1500s and larger two‑ and three‑bedroom layouts reaching the $1900‑$2400 range. Premium four‑plus bedroom apartments command higher rates, often exceeding $3000, reflecting the community’s high‑quality amenities and desirable locations near waterfront parks and golf courses. For those preferring a standalone residence, rental houses generally start in the $3000s for two‑bedroom homes and rise to the $3300‑$5000 range for larger three‑ and four‑plus bedroom properties, offering spacious layouts, private yards, and scenic views.
Beyond housing, Lakeway’s appeal is enhanced by its outdoor recreation opportunities, including boating on Lake Travis, hiking trails in the surrounding Hill Country, and family‑friendly events at Lakeway Community Center. The city’s strong school district and low‑traffic commuter routes to Austin make it a strategic choice for renters seeking both convenience and a high quality of life in Central Texas.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,462 | $1,392 | $1,201 - $2,207 | $1,302 - $1,477 |
| Apartment | 2 Bedroom | $1,982 | $1,795 | $1,154 - $3,586 | $1,750 - $2,119 |
| Apartment | 3 Bedroom | $2,441 | $2,300 | $1,695 - $3,200 | $2,100 - $2,900 |
| Apartment | 4+ Bedroom | $3,150 | $2,678 | $2,000 - $5,500 | $2,175 - $3,400 |
| House | 2 Bedroom | $2,807 | $2,747 | $1,775 - $3,900 | $1,775 - $3,900 |
| House | 3 Bedroom | $3,342 | $3,200 | $500 - $6,900 | $2,700 - $3,700 |
| House | 4+ Bedroom | $5,354 | $4,875 | $799 - $14,500 | $3,995 - $6,000 |
In the current period, the average rent in Lakeway was
$1,463 for 1 Bedroom,
$2,313 for 2 Bedroom,
$3,172 for 3 Bedroom, and
$4,452 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.