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 September 20, 2026, the average rent in Walnut Creek is $2,543, which is 4.4% 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
$2,293/Month
Year-Over-Year Rent Change
7.2%
Units Available
26 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Lower Lakewood. The average rent is $2,293, compared to the city average of $2,543. Rent prices have decreased by 7.2%. Lower Lakewood is convenient to Civic Park, UC Berkeley, and Mills College.
Diablo Hills
Average Rent
$2,457/Month
Year-Over-Year Rent Change
1.6%
Units Available
12 Rentals
Diablo Hills is an affordable neighborhood in Walnut Creek with an average rent price of $2,457. Compare this to the city average of $2,543. In the past year, rent prices have decreased by 1.6%. Diablo Hills provides easy access to San Francisco International, Diablo Valley, Pleasant Hill, and Pleasant Hill / Contra Costa Centre.
The Keys
Average Rent
$2,589/Month
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Walnut Creek, The Keys might be the perfect place! It has an average rent price of $2,589, while the city’s average stands at $2,543. The Keys is near Saint Marys Coll. of Calif., Diablo Valley, Pleasant Hill, and Contra Costa Canal Regional Trail.
Buena Vista Area
Average Rent
$2,727/Month
Year-Over-Year Rent Change
1.8%
Units Available
14 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 $2,727 while the city average is $2,543. This is a 1.8% difference from last year. Residents enjoy convenient access to Butterfly Habitat Gardens, Civic Park, and Parkside Business Center.
Downtown Walnut Creek
Average Rent
$2,991/Month
Year-Over-Year Rent Change
5.8%
Units Available
138 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Downtown Walnut Creek. The average rent is $2,991, compared to the city average of $2,543. Rent prices have increased by 5.8%. Downtown Walnut Creek is convenient to Civic Park, Walnut Creek, and Mills College.
The Hill
Average Rent
$3,132/Month
Units Available
30 Rentals
The Hill is an affordable neighborhood in Walnut Creek with an average rent price of $3,132. Compare this to the city average of $2,543. The Hill provides easy access to Pleasant Hill / Contra Costa Centre, Walnut Creek, and Automotive Center.
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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.