Cheapest Neighborhoods in Walnut Creek, CA
Some of the cheapest neighborhoods in Walnut Creek are Lower Lakewood, Diablo Hills, and The Keys. These neighborhoods offer some of the lowest rent prices in Walnut Creek, making them ideal for renters on a budget. As of August 5, 2026, the average rent in Walnut Creek is $2,531, which is 4% 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
$2,324/Month
Year-Over-Year Rent Change
7%
Units Available
23 Rentals
Lower Lakewood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lower Lakewood is $2,324 while the city average is $2,531. This is a -7% difference from last year. Residents enjoy convenient access to Lafayette Station, Howe Homestead Park, and Concord.
Diablo Hills
Average Rent
$2,552/Month
Year-Over-Year Rent Change
1.5%
Units Available
11 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Diablo Hills. The average rent is $2,552, compared to the city average of $2,531. Rent prices have decreased by 1.5%. Diablo Hills is convenient to Concord, Mills College, and The Ruth Bancroft Garden.
The Keys
Average Rent
$2,624/Month
Units Available
21 Rentals
The Keys is an affordable neighborhood in Walnut Creek with an average rent price of $2,624. Compare this to the city average of $2,531. The Keys provides easy access to 581 Ygnacio Valley Rd, Automotive Center, and Contra Costa Canal Regional Trail.
Hedgewood
Average Rent
$2,679/Month
Units Available
43 Rentals
If you’re looking for a great, affordable neighborhood in Walnut Creek, Hedgewood might be the perfect place! It has an average rent price of $2,679, while the city’s average stands at $2,531.
Estate of Walnut Creek
Average Rent
$2,752/Month
Units Available
11 Rentals
Estate of Walnut Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Estate of Walnut Creek is $2,752 while the city average is $2,531. Residents enjoy convenient access to Los Medanos College, Pittsburg, Howe Homestead Park, and Heather Farm Park.
Bancroft Villas
Average Rent
$2,752/Month
Units Available
11 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Bancroft Villas. The average rent is $2,752, compared to the city average of $2,531.
Buena Vista Area
Average Rent
$2,866/Month
Year-Over-Year Rent Change
1.5%
Units Available
17 Rentals
Buena Vista Area is an affordable neighborhood in Walnut Creek with an average rent price of $2,866. Compare this to the city average of $2,531. In the past year, rent prices have increased by 1.5%. Buena Vista Area provides easy access to Contra Costa Canal Regional Trail, Orinda, and Butterfly Habitat Gardens.
Downtown Walnut Creek
Average Rent
$3,047/Month
Year-Over-Year Rent Change
5.9%
Units Available
140 Rentals
If you’re looking for a great, affordable neighborhood in Walnut Creek, Downtown Walnut Creek might be the perfect place! It has an average rent price of $3,047, while the city’s average stands at $2,531. In the last year, prices have increased by 5.9%. Downtown Walnut Creek is near Contra Costa Canal Regional Trail, Diablo Valley, Pleasant Hill, and Pleasant Hill / Contra Costa Centre.
The Hill
Average Rent
$3,176/Month
Units Available
29 Rentals
The Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Hill is $3,176 while the city average is $2,531. Residents enjoy convenient access to Old Times Bldg, UC Berkeley, and Pleasant Hill / Contra Costa Centre.
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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.