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 $2,517, 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
$2,229/Month
Year-Over-Year Rent Change
5.2%
Units Available
29 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Lower Lakewood. The average rent is $2,229, compared to the city average of $2,517. Rent prices have decreased by 5.2%. Lower Lakewood is convenient to Diablo Valley, Pleasant Hill, San Francisco International, and Pleasant Hill / Contra Costa Centre.
Saranap Area
Average Rent
$2,469/Month
Year-Over-Year Rent Change
1.8%
Units Available
12 Rentals
Saranap Area is an affordable neighborhood in Walnut Creek with an average rent price of $2,469. Compare this to the city average of $2,517. In the past year, rent prices have increased by 1.8%. Saranap Area provides easy access to Howe Homestead Park, Concord, and Metro Oakland International.
Buena Vista Area
Average Rent
$2,692/Month
Year-Over-Year Rent Change
1.2%
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Walnut Creek, Buena Vista Area might be the perfect place! It has an average rent price of $2,692, while the city’s average stands at $2,517. In the last year, prices have increased by 1.2%. Buena Vista Area is near UC Berkeley, Diablo Valley, Pleasant Hill, and Walnut Creek.
The Keys
Average Rent
$2,709/Month
Units Available
23 Rentals
The Keys is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Keys is $2,709 while the city average is $2,517. Residents enjoy convenient access to Concord, Butterfly Habitat Gardens, and Gardens at Heather Farm.
Downtown Walnut Creek
Average Rent
$3,142/Month
Year-Over-Year Rent Change
4.1%
Units Available
140 Rentals
When you’re looking for a great Walnut Creek neighborhood on a budget, check out Downtown Walnut Creek. The average rent is $3,142, compared to the city average of $2,517. Rent prices have increased by 4.1%. Downtown Walnut Creek is convenient to Concord, Saint Marys Coll. of Calif., and Lafayette Station.
The Hill
Average Rent
$3,218/Month
Units Available
27 Rentals
The Hill is an affordable neighborhood in Walnut Creek with an average rent price of $3,218. Compare this to the city average of $2,517. The Hill provides easy access to Lafayette Station, Concord, 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.