Cheapest Neighborhoods in Walnut Creek, CA

Some of the cheapest neighborhoods in Walnut Creek are Lower Lakewood, Saranap Area, and Buena Vista Area. These neighborhoods offer some of the lowest rent prices in Walnut Creek, making them ideal for renters on a budget. As of June 21, 2026, the average rent in Walnut Creek is $2,516, which is 2.3% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Lower Lakewood

Average Rent

$2,232/Month

Year-Over-Year Rent Change

5.2%

Units Available

28 Rentals

Lower Lakewood is an affordable neighborhood in Walnut Creek with an average rent price of $2,232. Compare this to the city average of $2,516. In the past year, rent prices have decreased by 5.2%. Lower Lakewood provides easy access to North Concord / Martinez, The Corners, and Saint Marys Coll. of Calif..

Saranap Area

Average Rent

$2,469/Month

Year-Over-Year Rent Change

1.8%

Units Available

12 Rentals

If you’re looking for a great, affordable neighborhood in Walnut Creek, Saranap Area might be the perfect place! It has an average rent price of $2,469, while the city’s average stands at $2,516. In the last year, prices have increased by 1.8%. Saranap Area is near Concord, Orinda, and Metro Oakland International.

Buena Vista Area

Average Rent

$2,692/Month

Year-Over-Year Rent Change

1.2%

Units Available

11 Rentals

Buena Vista Area is a top choice for budget-conscious renters for a variety of reasons. The average rent in Buena Vista Area is $2,692 while the city average is $2,516. This is a 1.2% difference from last year. Residents enjoy convenient access to Mills College, Diablo Valley, Pleasant Hill, and Butterfly Habitat Gardens.

The Keys

Average Rent

$2,709/Month

Units Available

23 Rentals

When you’re looking for a great Walnut Creek neighborhood on a budget, check out The Keys. The average rent is $2,709, compared to the city average of $2,516. The Keys is convenient to Lafayette Station, North Concord / Martinez, and Pleasant Hill / Contra Costa Centre.

Downtown Walnut Creek

Average Rent

$3,141/Month

Year-Over-Year Rent Change

3.8%

Units Available

140 Rentals

Downtown Walnut Creek is an affordable neighborhood in Walnut Creek with an average rent price of $3,141. Compare this to the city average of $2,516. In the past year, rent prices have increased by 3.8%. Downtown Walnut Creek provides easy access to Diablo Valley, Pleasant Hill, Howe Homestead Park, and Contra Costa Canal Regional Trail.

The Hill

Average Rent

$3,218/Month

Units Available

27 Rentals

If you’re looking for a great, affordable neighborhood in Walnut Creek, The Hill might be the perfect place! It has an average rent price of $3,218, while the city’s average stands at $2,516. The Hill is near Mills College, Old Times Bldg, and San Francisco International.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.