Most Affordable Neighborhoods in Walnut Creek, CA
Some of the cheapest neighborhoods in Walnut Creek are Lower Lakewood, The Keys, and Saranap Area. These neighborhoods offer some of the lowest rent prices in Walnut Creek, making them ideal for renters on a budget. As of October 27, 2025, the average rent in Walnut Creek is $2,439, which is 0.1% 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
$2,248/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
37/100
Units Available
32 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Lower Lakewood. The average rent is $2,248, compared to the city average of $2,439. Rent prices have decreased by 2.2%. Lower Lakewood is convenient to Butterfly Habitat Gardens, Howe Homestead Park, and San Miguel Center. The community is walkable with a WalkScore® of 75.
The Keys
Average Rent
$2,379/Month
TransitScore® Rating
46/100
Units Available
20 Rentals
The Keys is an affordable neighborhood in Walnut Creek with an average rent price of $2,379. Compare this to the city average of $2,439. The Keys provides easy access to Mills College, Howe Homestead Park, and Gardens at Heather Farm. It’s a walkable neighborhood with a WalkScore® of 71.
Saranap Area
Average Rent
$2,489/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
4/100
Units Available
11 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 $2,489, while the city’s average stands at $2,439. In the last year, prices have increased by 4.2%. Saranap Area is near Contra Costa Canal Regional Trail, Civic Park, and Olympic Village.
Main Chance Estates
Average Rent
$2,519/Month
TransitScore® Rating
45/100
Units Available
15 Rentals
Main Chance Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Main Chance Estates is $2,519 while the city average is $2,439. Residents enjoy convenient access to Saint Marys Coll. of Calif., Walnut Creek Station, and Larkey Park. The neighborhood is considered somewhat walkable with a WalkScore® of 67.
Diablo Hills
Average Rent
$2,617/Month
Year-Over-Year Rent Change
11.2%
TransitScore® Rating
26/100
Units Available
10 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Diablo Hills. The average rent is $2,617, compared to the city average of $2,439. Rent prices have increased by 11.2%. Diablo Hills is convenient to Ygnacio Plaza, Concord Station, and North Concord Martinez Station. The community is car-dependent with a WalkScore® of 39.
Hedgewood
Average Rent
$2,628/Month
TransitScore® Rating
0/100
Units Available
53 Rentals
Hedgewood is an affordable neighborhood in Walnut Creek with an average rent price of $2,628. Compare this to the city average of $2,439. Hedgewood provides easy access to Heather Farm Park, San Francisco International, and Los Medanos College, Pittsburg. It’s a somewhat walkable neighborhood with a WalkScore® of 65.
Downtown Walnut Creek
Average Rent
$2,996/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
45/100
Units Available
152 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 $2,996, while the city’s average stands at $2,439. In the last year, prices have increased by 2.2%. Downtown Walnut Creek is near Contra Costa Canal Regional Trail, UC Berkeley, and Broadway Pointe.
The Hill
Average Rent
$3,037/Month
TransitScore® Rating
35/100
Units Available
21 Rentals
The Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Hill is $3,037 while the city average is $2,439. Residents enjoy convenient access to San Francisco International, Concord Station, and UC Berkeley. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Almond Court
Average Rent
$3,470/Month
TransitScore® Rating
50/100
Units Available
38 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Almond Court. The average rent is $3,470, compared to the city average of $2,439. Almond Court is convenient to Mills College, Butterfly Habitat Gardens, and Diablo Valley, Pleasant Hill. The community is walkable with a WalkScore® of 89.
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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.