Median Age
50 Years
Largest Age Group
50-59 Years
Approximately 16% of Residents
Under 20
21%
Over 65
26%
Lakeway
Lakeway, TX Area Guide
Avg Rent
$1,462
Population
22,163
Renter Mix
18% Rent
A delightful resort town with Austin at your doorstep
Suburb
•
Commuter
•
Upscale
•
Lake
•
Nature
•
Outdoors
•
Resort
•
Safe
•
Low Crime
•
Schools
•
Family Friendly
•
Shopping
•
Lakeway is a small city on the shore of Lake Travis, about fifteen miles west of Austin. The lakeside location has made Lakeway a popular resort destination, with aquatic activities, golf courses, nature preserves, and countless more R&R options around the community. An eclectic assortment of hip restaurants, coffeehouses, and bars lines Ranch Road 620 as it passes through town, and the popular Hill Country Galleria on the south side provides a trendy shopping and entertainment experience for locals.
With a low crime rate, a beautiful environment, and the city of Austin at arm’s reach, Lakeway has become a highly desirable home base for commuters, and the impressive local schools help boost the appeal for folks raising families as well.
Demographics
Median Household Income
$163,658
Average: $184,699
Education
12,314
Residents Have a Degree
Job Market
11,045
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Lakeway has more homeowners than renters.
Renters
18%
Non-Renters
82%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
53%
Other Education
47%
Rent Trends
As of April 2026, the average apartment rent in Lakeway, TX is $1,460 for one bedroom, $1,944 for two bedrooms, and $2,387 for three bedrooms. Apartment rent in Lakeway has decreased by -5.8% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,460/month
771 Sq Ft
House
$4,446/month
2,840 Sq Ft
Condo
$2,971/month
1,740 Sq Ft
Townhome
$2,149/month
1,308 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Lakeway, TX is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Somewhat Bikeable
Bikeability
20
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Hamilton Pool Preserve
- Westcave Outdoor Discovery Center
- Reimers Ranch Park
Commuter Rail
Airports
- Austin-Bergstrom International
Top Apartments in Lakeway
Houses for Rent in Lakeway
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.