Cheapest Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Georgian Acres, Mesa Park, and Heritage Hills. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of August 10, 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
$805/Month
Year-Over-Year Rent Change
5.2%
Units Available
445 Rentals
Georgian Acres is an affordable neighborhood in Austin with an average rent price of $805. Compare this to the city average of $1,422. In the past year, rent prices have decreased by 5.2%. Georgian Acres provides easy access to Beverly S. Sheffield Northwest District Park, Payton Gin Center, and The Stephen F. Austin Planetarium.
Mesa Park
Average Rent
$806/Month
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Mesa Park might be the perfect place! It has an average rent price of $806, while the city’s average stands at $1,422. Mesa Park is near Howard Station, Lakeline Station, and 11657 Research Blvd.
Heritage Hills
Average Rent
$856/Month
Year-Over-Year Rent Change
3.7%
Units Available
486 Rentals
Heritage Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Heritage Hills is $856 while the city average is $1,422. This is a 3.7% difference from last year. Residents enjoy convenient access to Austin C.C., Northridge Campus, Rundberg Square Shopping Center, and Jourdan-Bachman Pioneer Farms.
Griffis on la Frontera
Average Rent
$893/Month
Units Available
39 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Griffis on la Frontera. The average rent is $893, compared to the city average of $1,422. Griffis on la Frontera is convenient to Great Hills Park, Louis Henna Plaza, and Austin C.C., Round Rock Campus.
North Lamar
Average Rent
$949/Month
Year-Over-Year Rent Change
8.2%
Units Available
117 Rentals
North Lamar is an affordable neighborhood in Austin with an average rent price of $949. Compare this to the city average of $1,422. In the past year, rent prices have decreased by 8.2%. North Lamar provides easy access to Austin C.C., Eastview Campus, Copperfield Nature Trail and Park, and Mckalla Station.
Coronado Hills
Average Rent
$960/Month
Year-Over-Year Rent Change
17.6%
Units Available
78 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 $960, while the city’s average stands at $1,422. In the last year, prices have decreased by 17.6%. Coronado Hills is near Highland Station, Elisabet Ney Museum, and M L King Jr Station.
Northgate
Average Rent
$962/Month
Units Available
13 Rentals
Northgate is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northgate is $962 while the city average is $1,422. Residents enjoy convenient access to The Stephen F. Austin Planetarium, Crestview Station, and Kramer Station.
Walnut Forest
Average Rent
$963/Month
Units Available
20 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Walnut Forest. The average rent is $963, compared to the city average of $1,422. Walnut Forest is convenient to The Stephen F. Austin Planetarium, The Art Institute of Austin, and Balcones District Park.
North Oaks
Average Rent
$963/Month
Units Available
20 Rentals
North Oaks is an affordable neighborhood in Austin with an average rent price of $963. Compare this to the city average of $1,422. North Oaks provides easy access to The Art Institute of Austin, Austin C.C., Northridge Campus, and Copperfield Nature Trail and Park.
Village Oaks
Average Rent
$970/Month
Units Available
35 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 $970, while the city’s average stands at $1,422. Village Oaks is near The Art Institute of Austin, Kramer Station, and Howard Station.
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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.