Most Affordable Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Mesa Park, Walnut Crossing, and Tanglewood Forest. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of September 26, 2025, the average rent in Austin is $1,408, which is 4.3% lower 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.
Mesa Park
Average Rent
$921/Month
Units Available
16 Rentals
Mesa Park is an affordable neighborhood in Austin with an average rent price of $921. Compare this to the city average of $1,408. Mesa Park provides easy access to Lakeline Station, Walnut Creek Park, and The Stephen F. Austin Planetarium.
Walnut Crossing
Average Rent
$942/Month
TransitScore® Rating
11/100
Units Available
73 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Walnut Crossing might be the perfect place! It has an average rent price of $942, while the city’s average stands at $1,408. Walnut Crossing is near Austin C.C., Northridge Campus, Kramer Station, and Austin C.C., Cypress Creek.
Tanglewood Forest
Average Rent
$953/Month
TransitScore® Rating
31/100
Units Available
11 Rentals
Tanglewood Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tanglewood Forest is $953 while the city average is $1,408. Residents enjoy convenient access to Downtown Station, Star Center, and Austin C.C., Pinnacle Campus. The neighborhood is considered car-dependent with a WalkScore® of 49.
Quail Creek
Average Rent
$962/Month
TransitScore® Rating
43/100
Units Available
326 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Quail Creek. The average rent is $962, compared to the city average of $1,408. Quail Creek is convenient to University of Texas at Austin, Jourdan-Bachman Pioneer Farms, and Quail Creek Shopping. The community is somewhat walkable with a WalkScore® of 65.
Georgian Acres
Average Rent
$965/Month
Year-Over-Year Rent Change
6.8%
TransitScore® Rating
49/100
Units Available
410 Rentals
Georgian Acres is an affordable neighborhood in Austin with an average rent price of $965. Compare this to the city average of $1,408. In the past year, rent prices have decreased by 6.8%. Georgian Acres provides easy access to Payton Gin Center, Beverly S. Sheffield Northwest District Park, and University of Texas at Austin. It’s a somewhat walkable neighborhood with a WalkScore® of 56.
Tanglewild Estates
Average Rent
$974/Month
TransitScore® Rating
36/100
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Tanglewild Estates might be the perfect place! It has an average rent price of $974, while the city’s average stands at $1,408. Tanglewild Estates is near Howard Station, The Art Institute of Austin, and Parmer Metric Plaza.
Gracy Woods
Average Rent
$984/Month
Year-Over-Year Rent Change
11.9%
TransitScore® Rating
39/100
Units Available
105 Rentals
Gracy Woods is a top choice for budget-conscious renters for a variety of reasons. The average rent in Gracy Woods is $984 while the city average is $1,408. This is a -11.9% difference from last year. Residents enjoy convenient access to University of Texas at Austin, Mckalla Station, and Highland Station. The neighborhood is considered car-dependent with a WalkScore® of 43.
Heritage Hills
Average Rent
$987/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
44/100
Units Available
528 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Heritage Hills. The average rent is $987, compared to the city average of $1,408. Rent prices have decreased by 7%. Heritage Hills is convenient to M L King Jr Station, Jourdan-Bachman Pioneer Farms, and Austin C.C., Rio Grande Campus. The community is car-dependent with a WalkScore® of 48.
Griffis on la Frontera
Average Rent
$991/Month
TransitScore® Rating
0/100
Units Available
94 Rentals
Griffis on la Frontera is an affordable neighborhood in Austin with an average rent price of $991. Compare this to the city average of $1,408. Griffis on la Frontera provides easy access to Balcones District Park, The Stephen F. Austin Planetarium, and Great Hills Park. It’s a car-dependent neighborhood with a WalkScore® of 17.
Village Oaks
Average Rent
$1,003/Month
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Village Oaks might be the perfect place! It has an average rent price of $1,003, while the city’s average stands at $1,408. Village Oaks is near Austin Steam Train, Lakeline Station, and Concordia University Texas.
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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.