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 September 24, 2026, the average rent in Austin is $1,422, which is 0.1% 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
$785/Month
Year-Over-Year Rent Change
11.5%
Units Available
424 Rentals
Georgian Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Georgian Acres is $785 while the city average is $1,422. This is a -11.5% difference from last year. Residents enjoy convenient access to Elisabet Ney Museum, Walnut Creek Park, and Austin C.C., Eastview Campus.
Heritage Hills
Average Rent
$848/Month
Year-Over-Year Rent Change
5.7%
Units Available
451 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Heritage Hills. The average rent is $848, compared to the city average of $1,422. Rent prices have increased by 5.7%. Heritage Hills is convenient to Mckalla Station, Jourdan-Bachman Pioneer Farms, and Crestview Station.
North Lamar
Average Rent
$924/Month
Year-Over-Year Rent Change
12.7%
Units Available
80 Rentals
North Lamar is an affordable neighborhood in Austin with an average rent price of $924. Compare this to the city average of $1,422. In the past year, rent prices have decreased by 12.7%. North Lamar provides easy access to Twin Fountains Plaza, Beverly S. Sheffield Northwest District Park, and Howard Station.
Coronado Hills
Average Rent
$958/Month
Year-Over-Year Rent Change
14.5%
Units Available
93 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Coronado Hills might be the perfect place! It has an average rent price of $958, while the city’s average stands at $1,422. In the last year, prices have decreased by 14.5%. Coronado Hills is near Austin C.C., Northridge Campus, Crestview Station, and Thinkery.
Parker Lane
Average Rent
$967/Month
Year-Over-Year Rent Change
2.1%
Units Available
296 Rentals
Parker Lane is a top choice for budget-conscious renters for a variety of reasons. The average rent in Parker Lane is $967 while the city average is $1,422. This is a -2.1% difference from last year. Residents enjoy convenient access to Austin C.C., Riverside Campus, Austin C.C., Eastview Campus, and Willow Court.
Balcones Woods
Average Rent
$978/Month
Units Available
22 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Balcones Woods. The average rent is $978, compared to the city average of $1,422. Balcones Woods is convenient to Balcones District Park, Great Hills Park, and Bull Creek Greenbelt.
South Manchaca
Average Rent
$981/Month
Year-Over-Year Rent Change
6.2%
Units Available
74 Rentals
South Manchaca is an affordable neighborhood in Austin with an average rent price of $981. Compare this to the city average of $1,422. In the past year, rent prices have decreased by 6.2%. South Manchaca provides easy access to Barton Creek Greenbelt (360 Access), Plaza Saltillo Station, and Austin C.C., South Austin.
St Johns
Average Rent
$1,002/Month
Year-Over-Year Rent Change
9.1%
Units Available
148 Rentals
If you’re looking for a great, affordable neighborhood in Austin, St Johns might be the perfect place! It has an average rent price of $1,002, while the city’s average stands at $1,422. In the last year, prices have decreased by 9.1%. St Johns is near Meadow Glen Plaza, Highland Station, and Austin C.C., Northridge Campus.
Walnut Crossing
Average Rent
$1,010/Month
Units Available
45 Rentals
Walnut Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Crossing is $1,010 while the city average is $1,422. Residents enjoy convenient access to Walnut Creek Park, Silver Creek Shopping Ctr, and Millwood Center.
Gracy Woods
Average Rent
$1,025/Month
Year-Over-Year Rent Change
5%
Units Available
145 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Gracy Woods. The average rent is $1,025, compared to the city average of $1,422. Rent prices have increased by 5%. Gracy Woods is convenient to Jourdan-Bachman Pioneer Farms, Stonehollow Place, and Austin C.C., Northridge Campus.
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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.