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City Report · TX

Lakeway

Pop. 19,307·4th most expensive in Texas·Lakeway rents are up 25.4% over the past year
Median rent (all units)
$2,783/mo
Year-over-Year
+25.4%
Month-over-Month
-0.8%
vs US Median
+$818
Falling (Monthly)
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Most AffordableMost Expensive
Lakeway · $2,783
More expensive than 87% of US cities · National median $1,965/mo
Rent Reality Score
7/100
Overheated
OverheatedFairGreat value

Rents are 22% above what Lakeway's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,783/mo
Expected by trend
$2,290/mo
The Rent Reality Score compares today's median rent to where Lakeway's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,980
1 BR
$2,110
2 BR
$2,490
3 BR
$3,170
4 BR+
$3,680
Research median
$2,490/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$33,396/yr
At $2,783/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 25.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+25.4% YoY, -0.8% MoM), not inventory.
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Demographics

Who lives here

Lakeway, TX is majority owner-occupied, has a large retiree population, has a median income above the national average, 74% of residents hold a bachelor's degree or higher.

Population
19,307
Median income
$190,060
Median age
49.8
Renters
13.7%
Age distribution
22.5%
29.7%
16.1%
23%
Under 1822.5%
18–348.8%
35–5429.7%
55–6416.1%
65+23%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
78.5%
White78.5%
Black1.5%
Hispanic10.8%
Asian6.1%
Other3.2%
Education (25+)
18%
74%
No HS diploma1%
HS diploma7%
Some college18%
Bachelor's+74%
Housing tenure
86.3%
13.7%
Owner86.3%
Renter13.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Lakeway, TX has changed in 5 years

Rent
$2,738 → $2,783
up 1.6%
Income
$142,566 → $190,060
up 33.3%
Population
18,471 → 19,307
up 4.5%
Renter share
16.4% → 13.7%
-2.7 pts
Bachelor's+
71.6% → 74%
+2.4 pts
Median age
49.2 → 49.8
+0.6 yrs

Compared with 2022, rent in Lakeway, TX has increased by $45 per month, settling near $2,783 after starting the period at $2,738. Census figures show median household income at $190,060 today, compared with $142,566 five years earlier. Income growth outran rent by about 31.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 18,471 to 19,307 between 2021 and 2024, a 4.5% change. About 13.7% of households rent today, against 16.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 71.6% to 74%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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View Lakeway rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lakeway on your salary?

At $2,783/mo, how Lakeway rent compares to typical pay (30% rule).

By apartment size

Lakeway rent by bedroom count

Median rent for each apartment size in Lakeway. Click any size for full breakdown.

Local insights

Tips for renters in Lakeway

About renting in Lakeway, TX

Last updated: July 20, 2026

The median rent in Lakeway is $2,783/mo as of July 2026. A studio apartment averages $1,980/mo while a 2-bedroom runs $2,490/mo. One-bedroom apartments average $2,110/mo and 3-bedroom units go for $3,170/mo.

At 18% of local median household income ($190,060/yr), Lakeway ranks as affordable compared to the national benchmark of 30%. Rents have increased 25.4% over the past year.

FAQ

Frequently asked questions

Is Lakeway an affordable city for renters?

Lakeway is considered very affordable for renters. At $2,783/mo, rent takes approximately 18% of the local median household income ($190,060/yr). The standard benchmark is 30%. Lakeway falls comfortably within that range.

How much income do you need to rent in Lakeway?

To keep rent at or below 30% of gross income, you would need to earn at least $111,000/year (~$53/hour full-time) to afford the median rent of $2,783/mo in Lakeway. The local median household income is $190,060/yr, meaning the typical Lakeway household meets that threshold.

Is rent going up or down in Lakeway?

Rent in Lakeway has increased 25.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Lakeway rent compare to other cities in Texas?

Lakeway is one of the pricier cities in Texas for rent, ranking #4 out of 269 tracked cities at $2,783/mo.

Which nearby cities are cheaper to rent in than Lakeway?

Several nearby cities have lower median rents than Lakeway ($2,783/mo): Cedar Park ($1,735/mo), Leander ($2,000/mo), Lago Vista ($2,066/mo).

What percentage of Lakeway residents rent vs. own?

According to Census data, approximately 13.7% of Lakeway households are renters, while 86.3% are owner-occupied. Lakeway leans toward homeownership, which can mean a smaller rental inventory.

How does Lakeway rent compare to the national average?

Lakeway's median rent of $2,783/mo is $818 (42%) above the US national median of $1,965/mo. Within Texas, it ranks #4 out of 269 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $2,783/mo, rent takes ~18% of Lakeway's median household income ($190,060/yr). The standard benchmark is 30%.

Lakeway 18%Benchmark 30%
State income taxNone
Run the Lakeway affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lakeway, TX

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