Most Affordable Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Northeast Austin, Onion Creek, and Wells Branch. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Austin is $1,436, which is 4.5% 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.
Northeast Austin
Average Rent
$1,348/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
15/100
Units Available
2,793 Rentals
Northeast Austin offers budget-conscious renters an appealing option with its affordable housing and convenient amenities. Enjoy the lovely foliage at Walnut Creek Metropolitan Park, perfect for hiking and picnics. Local shopping centers like Tech Ridge Center provide a variety of retail and dining options, ensuring all your needs are met.
Onion Creek
Average Rent
$1,375/Month
Year-Over-Year Rent Change
9%
TransitScore® Rating
28/100
Units Available
554 Rentals
Onion Creek is an affordable neighborhood in Austin with an average rent price of $1,375. Compare this to the city average of $1,436. In the past year, rent prices have decreased by 9%. Onion Creek provides easy access to Slaughter Station, Blunn Creek Nature Preserve, and Onion Creek Greenbelt Park. It’s a car-dependent neighborhood with a WalkScore® of 29.
Wells Branch
Average Rent
$1,398/Month
Year-Over-Year Rent Change
6.5%
TransitScore® Rating
5/100
Units Available
992 Rentals
Wells Branch combines affordability with suburban charm, offering plenty of outdoor activities. Wells Branch Parks and Trails features extensive pedestrian trails, a community garden, and a serene lake. The neighborhood's proximity to Crossing Point Shopping Center ensures convenient access to retail and dining.
Parmer Lane
Average Rent
$1,402/Month
Year-Over-Year Rent Change
12.3%
TransitScore® Rating
4/100
Units Available
576 Rentals
Parmer Lane offers cost-effective living with excellent connectivity and amenities. At the center of the neighborhood is Pioneer Crossing Neighborhood Park, which is ideal for brisk walking and beautiful nature views. Plus, this neighborhood has Tech Ridge Center, a hub for groceries, retail, and dining, which adds to the neighborhood’s convenience.
Southeast Austin
Average Rent
$1,445/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
19/100
Units Available
1,517 Rentals
Southeast Austin stands out for its affordability and easy access to essential services. Spend weekends exploring McKinney Falls State Park, where scenic trails and waterfalls await. Additionally, the nearby Southpark Meadows shopping center offers numerous stores and restaurants, making everyday life both convenient and enjoyable.
South Austin
Average Rent
$1,468/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
37/100
Units Available
2,151 Rentals
South Austin provides a mix of budget-friendly housing and natural beauty. Zilker Metropolitan Park, known for its expansive green spaces and Barton Springs Pool, is a major attraction for those hot Austin days in the summer. In addition to this, the area’s unique local scene includes unique shops and eateries that cater to diverse tastes.
North Austin
Average Rent
$1,507/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
42/100
Units Available
3,147 Rentals
North Austin is an excellent choice for affordable living with easy access to key amenities. Domain Northside offers a mix of retail, dining, and entertainment options within reach. The community also enjoys proximity to Walnut Creek Metropolitan Park, ideal for outdoor activities.
Northwest Austin
Average Rent
$1,538/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
20/100
Units Available
3,367 Rentals
Northwest Austin appeals to renters with its blend of affordability and scenic surroundings. Emma Long Metropolitan Park offers hiking trails, picnic areas, and a gorgeous beach along the Colorado River. Moreover, the Arboretum at Great Hills Shopping Center provides extensive retail and dining choices.
Riverside
Average Rent
$1,544/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
47/100
Units Available
1,408 Rentals
Riverside is known for its affordability and proximity to downtown Austin. Lady Bird Lake, perfect for kayaking and jogging, is just minutes away. Furthermore, the Riverside Retail District offers a plethora of shopping and dining options to suit any preference.
Anderson Mill
Average Rent
$1,566/Month
Year-Over-Year Rent Change
10.9%
TransitScore® Rating
22/100
Units Available
966 Rentals
Anderson Mill offers budget-friendly living in a tranquil setting. Residents can enjoy the amenities at El Salido Park, including pools and sports courts. Nearby Lakeline Mall provides a wide range of shopping and restaurant options for convenience.
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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.