Cheapest Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Georgian Acres, Heritage Hills, and North Lamar. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of June 26, 2026, the average rent in Austin is $1,412, which is 2.5% 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.
Georgian Acres
Average Rent
$814/Month
Year-Over-Year Rent Change
15.2%
Units Available
430 Rentals
Georgian Acres is an affordable neighborhood in Austin with an average rent price of $814. Compare this to the city average of $1,412. In the past year, rent prices have decreased by 15.2%. Georgian Acres provides easy access to Austin C.C., Eastview Campus, Austin-Bergstrom International, and The Stephen F. Austin Planetarium.
Heritage Hills
Average Rent
$867/Month
Year-Over-Year Rent Change
2.8%
Units Available
476 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Heritage Hills might be the perfect place! It has an average rent price of $867, while the city’s average stands at $1,412. In the last year, prices have decreased by 2.8%. Heritage Hills is near Kramer Station, Highland Station, and Elisabet Ney Museum.
North Lamar
Average Rent
$956/Month
Year-Over-Year Rent Change
15.1%
Units Available
129 Rentals
North Lamar is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Lamar is $956 while the city average is $1,412. This is a -15.1% difference from last year. Residents enjoy convenient access to Austin C.C., Rio Grande Campus, Austin C.C., Eastview Campus, and Copperfield Nature Trail and Park.
Coronado Hills
Average Rent
$976/Month
Year-Over-Year Rent Change
19.9%
Units Available
87 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Coronado Hills. The average rent is $976, compared to the city average of $1,412. Rent prices have decreased by 19.9%. Coronado Hills is convenient to Mckalla Station, Kramer Station, and M L King Jr Station.
Parker Lane
Average Rent
$992/Month
Year-Over-Year Rent Change
7.2%
Units Available
289 Rentals
Parker Lane is an affordable neighborhood in Austin with an average rent price of $992. Compare this to the city average of $1,412. In the past year, rent prices have decreased by 7.2%. Parker Lane provides easy access to Umlauf Sculpture Garden and Museum, Blunn Creek Nature Preserve, and Austin-Bergstrom International.
Franklin Park
Average Rent
$995/Month
Year-Over-Year Rent Change
2.8%
Units Available
100 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Franklin Park might be the perfect place! It has an average rent price of $995, while the city’s average stands at $1,412. In the last year, prices have decreased by 2.8%. Franklin Park is near Stassney Crossing, Austin-Bergstrom International, and Austin C.C., South Austin.
South Manchaca
Average Rent
$1,039/Month
Year-Over-Year Rent Change
8.3%
Units Available
63 Rentals
South Manchaca is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Manchaca is $1,039 while the city average is $1,412. This is a -8.3% difference from last year. Residents enjoy convenient access to Umlauf Sculpture Garden and Museum, Crestview Station, and St. Edward's University.
Gracy Woods
Average Rent
$1,052/Month
Year-Over-Year Rent Change
0.6%
Units Available
161 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Gracy Woods. The average rent is $1,052, compared to the city average of $1,412. Rent prices have decreased by 0.6%. Gracy Woods is convenient to Mckalla Station, Concordia University Texas, and Austin-Bergstrom International.
St Johns
Average Rent
$1,066/Month
Year-Over-Year Rent Change
6.2%
Units Available
149 Rentals
St Johns is an affordable neighborhood in Austin with an average rent price of $1,066. Compare this to the city average of $1,412. In the past year, rent prices have decreased by 6.2%. St Johns provides easy access to Crestview Station, Austin C.C., Northridge Campus, and Austin-Bergstrom International.
Westgate
Average Rent
$1,075/Month
Year-Over-Year Rent Change
2.8%
Units Available
36 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Westgate might be the perfect place! It has an average rent price of $1,075, while the city’s average stands at $1,412. In the last year, prices have increased by 2.8%. Westgate is near Barton Creek Greenbelt (360 Access), Downtown Station, and Westgate.
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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.