3-Bedroom Apartment Rent in Lakeway, TX
Median asking rent for a 3-bedroom apartment in Lakeway, Texas as of July 2026. That's +14% higher than the citywide median of $2,783 and +49% above the national 3-bedroom median of $2,130.
Income needed for a 3-bedroom in Lakeway
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 3-bedroom at the current median rent.
Rent by apartment size in Lakeway
Compare Lakeway's median rent across every apartment size.
Cheapest cities for a 3-bedroom in Texas
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Hudson Oaks | $786 |
| 2 | Clute | $942 |
| 3 | Salado | $950 |
| 4 | Marshall | $1,125 |
| 5 | Orange | $1,194 |
| 6 | Alton | $1,210 |
| 7 | Livingston | $1,210 |
| 8 | Eagle Pass | $1,230 |
| 9 | Mabank | $1,230 |
| 10 | Navasota | $1,230 |
| 11 | Nacogdoches | $1,240 |
| 12 | Kemp | $1,242 |
| 13 | San Juan | $1,270 |
| 14 | Weslaco | $1,285 |
| 15 | Del Rio | $1,290 |
Most expensive cities for a 3-bedroom in Texas
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | University Park | $3,550 |
| 2 | Argyle | $3,550 |
| 3 | Alamo Heights | $3,501 |
| 4 | Flower Mound | $3,465 |
| 5 | Aledo | $3,390 |
| 6 | Prosper | $3,350 |
| 7 | Little Elm | $3,300 |
| 8 | Lakeway (this page) | $3,170 |
| 9 | Justin | $3,140 |
| 10 | Haslet | $3,110 |
| 11 | Lavon | $3,100 |
| 12 | Fresno | $3,050 |
| 13 | Bellaire | $3,050 |
| 14 | Grapevine | $3,040 |
| 15 | Royse City | $2,980 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Lakeway.
| City | Distance | 3-Bedroom rent | vs Lakeway |
|---|---|---|---|
| Lago Vista, TX | 5.1 mi | $2,400 | $-770 (-24%) |
| Spicewood, TX | 11.7 mi | $2,230 | $-940 (-30%) |
| Cedar Park, TX | 12.3 mi | $2,630 | $-540 (-17%) |
| Leander, TX | 13 mi | $2,880 | $-290 (-9%) |
| Dripping Springs, TX | 16.6 mi | $2,370 | $-800 (-25%) |
| Liberty Hill, TX | 21.5 mi | $2,230 | $-940 (-30%) |
| Round Rock, TX | 21.7 mi | $2,633 | $-537 (-17%) |
| Buda, TX | 22.1 mi | $2,500 | $-670 (-21%) |
| Marble Falls, TX | 22.6 mi | $2,230 | $-940 (-30%) |
| Pflugerville, TX | 24.9 mi | $2,640 | $-530 (-17%) |
| Georgetown, TX | 26.8 mi | $1,965 | $-1,205 (-38%) |
| Wimberley, TX | 27.2 mi | $2,080 | $-1,090 (-34%) |
3-Bedroom rent in Lakeway — common questions
How much is a 3-bedroom apartment in Lakeway?
As of July 2026, the median 3-bedroom apartment rent in Lakeway, Texas is $3,170 per month. This is +14% higher than the citywide median of $2,783.
What income do you need to afford a 3-bedroom in Lakeway?
Using the standard 30% rent-to-income rule, you would need an annual income of about $126,800 ($10,567/month gross), which works out to roughly $60.96/hour at a full-time job.
Is Lakeway expensive for a 3-bedroom compared to the rest of the US?
Lakeway's 3-bedroom median of $3,170 is +49% above the national 3-bedroom median of $2,130. It ranks in the 84th percentile of US cities tracked.
How does Lakeway rank for 3-bedroom rent in Texas?
Among the 260 cities in Texas with 3-bedroom data, Lakeway ranks #253 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Lakeway?
Yes — nearby cities with cheaper 3-bedroom rents include Lago Vista ($2,400), Spicewood ($2,230), Cedar Park ($2,630).