Best Affordable Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Georgian Acres, Mesa Park, and Village at Anderson Mill. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of December 26, 2025, the average rent in Austin is $1,381, which is 4.6% 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
$874/Month
Year-Over-Year Rent Change
20%
TransitScore® Rating
49/100
Units Available
338 Rentals
Georgian Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Georgian Acres is $874 while the city average is $1,381. This is a -20% difference from last year. Residents enjoy convenient access to University of Texas at Austin, Carillon Center, and Beverly S. Sheffield Northwest District Park. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Mesa Park
Average Rent
$894/Month
Units Available
14 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Mesa Park. The average rent is $894, compared to the city average of $1,381. Mesa Park is convenient to Lakeline Station, Mckalla Station, and Concordia University Texas.
Village at Anderson Mill
Average Rent
$895/Month
TransitScore® Rating
12/100
Units Available
23 Rentals
Village at Anderson Mill is an affordable neighborhood in Austin with an average rent price of $895. Compare this to the city average of $1,381. Village at Anderson Mill provides easy access to Bull Creek Greenbelt, Concordia University Texas, and Mckalla Station. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
Heritage Hills
Average Rent
$945/Month
Year-Over-Year Rent Change
11.4%
TransitScore® Rating
44/100
Units Available
453 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 $945, while the city’s average stands at $1,381. In the last year, prices have decreased by 11.4%. Heritage Hills is near Austin C.C., Rio Grande Campus, Crestview Station, and Jourdan-Bachman Pioneer Farms.
Quail Creek
Average Rent
$954/Month
TransitScore® Rating
43/100
Units Available
333 Rentals
Quail Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Quail Creek is $954 while the city average is $1,381. Residents enjoy convenient access to Mckalla Station, Jourdan-Bachman Pioneer Farms, and Walnut Creek Park. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Tanglewood Forest
Average Rent
$970/Month
TransitScore® Rating
31/100
Units Available
13 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Tanglewood Forest. The average rent is $970, compared to the city average of $1,381. Tanglewood Forest is convenient to Slaughter Creek at Bauerle Ranch, Plaza Saltillo Station, and The Market At Slaughter Lane. The community is car-dependent with a WalkScore® of 49.
Balcones Village
Average Rent
$981/Month
TransitScore® Rating
27/100
Units Available
50 Rentals
Balcones Village is an affordable neighborhood in Austin with an average rent price of $981. Compare this to the city average of $1,381. Balcones Village provides easy access to Crestview Station, Austin-Bergstrom International, and Balcones District Park. It’s a car-dependent neighborhood with a WalkScore® of 44.
Walnut Crossing
Average Rent
$984/Month
TransitScore® Rating
11/100
Units Available
58 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 $984, while the city’s average stands at $1,381. Walnut Crossing is near Concordia University Texas, The Art Institute of Austin, and Millwood Center.
Village Oaks
Average Rent
$987/Month
Units Available
37 Rentals
Village Oaks is a top choice for budget-conscious renters for a variety of reasons. The average rent in Village Oaks is $987 while the city average is $1,381. Residents enjoy convenient access to Mckalla Station, Lakeline Station, and Horizon Center.
Walnut Forest
Average Rent
$988/Month
TransitScore® Rating
35/100
Units Available
18 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Walnut Forest. The average rent is $988, compared to the city average of $1,381. Walnut Forest is convenient to Crestview Station, Austin-Bergstrom International, and Mckalla Station. The community is car-dependent with a WalkScore® of 49.
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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.