Best Affordable Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Georgian Acres, Heritage Hills, and Mesa Park. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of March 27, 2026, the average rent in Austin is $1,382, which is 4.9% 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
$809/Month
Year-Over-Year Rent Change
13.1%
Units Available
426 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Georgian Acres might be the perfect place! It has an average rent price of $809, while the city’s average stands at $1,382. In the last year, prices have decreased by 13.1%. Georgian Acres is near Austin C.C., Northridge Campus, Walnut Creek Park, and Austin C.C., Rio Grande Campus.
Heritage Hills
Average Rent
$877/Month
Year-Over-Year Rent Change
3.8%
Units Available
515 Rentals
Heritage Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Heritage Hills is $877 while the city average is $1,382. This is a -3.8% difference from last year. Residents enjoy convenient access to Norwood Plaza, Thinkery, and Crestview Station.
Mesa Park
Average Rent
$897/Month
Units Available
17 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Mesa Park. The average rent is $897, compared to the city average of $1,382. Mesa Park is convenient to Angus Square, Kramer Station, and Mckalla Station.
Quail Creek
Average Rent
$924/Month
Units Available
316 Rentals
Quail Creek is an affordable neighborhood in Austin with an average rent price of $924. Compare this to the city average of $1,382. Quail Creek provides easy access to Highland Station, H-E-B, and Austin C.C., Rio Grande Campus.
Salem Walk
Average Rent
$928/Month
Units Available
31 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Salem Walk might be the perfect place! It has an average rent price of $928, while the city’s average stands at $1,382. Salem Walk is near Confetti Station, Downtown Station, and Umlauf Sculpture Garden and Museum.
North Lamar
Average Rent
$939/Month
Year-Over-Year Rent Change
16.8%
Units Available
106 Rentals
North Lamar is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Lamar is $939 while the city average is $1,382. This is a -16.8% difference from last year. Residents enjoy convenient access to Austin-Bergstrom International, Kramer Station, and Austin C.C., Eastview Campus.
Griffis on la Frontera
Average Rent
$956/Month
Units Available
60 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Griffis on la Frontera. The average rent is $956, compared to the city average of $1,382. Griffis on la Frontera is convenient to Austin C.C., Northridge Campus, Copperfield Nature Trail and Park, and Balcones District Park.
South Manchaca
Average Rent
$974/Month
Year-Over-Year Rent Change
11.3%
Units Available
73 Rentals
South Manchaca is an affordable neighborhood in Austin with an average rent price of $974. Compare this to the city average of $1,382. In the past year, rent prices have decreased by 11.3%. South Manchaca provides easy access to M L King Jr Station, Crestview Station, and St Elmo Center.
Tanglewood Estates
Average Rent
$975/Month
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Tanglewood Estates might be the perfect place! It has an average rent price of $975, while the city’s average stands at $1,382. Tanglewood Estates is near Barrington Oaks, Sonesta West Shopping Center, and Town & Country Village.
Walnut Crossing
Average Rent
$975/Month
Units Available
72 Rentals
Walnut Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Crossing is $975 while the city average is $1,382. Residents enjoy convenient access to Silver Creek Shopping Ctr, Highland Station, and Concordia University Texas.
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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.