Best Affordable Neighborhoods in Austin, TX
Some of the cheapest neighborhoods in Austin are Georgian Acres, Village at Anderson Mill, and North Lamar. These neighborhoods offer some of the lowest rent prices in Austin, making them ideal for renters on a budget. As of February 10, 2026, the average rent in Austin is $1,382, which is 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
$894/Month
Year-Over-Year Rent Change
13.9%
TransitScore® Rating
49/100
Units Available
403 Rentals
Georgian Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Georgian Acres is $894 while the city average is $1,382. This is a -13.9% difference from last year. Residents enjoy convenient access to Beverly S. Sheffield Northwest District Park, M L King Jr Station, and Elisabet Ney Museum. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Village at Anderson Mill
Average Rent
$917/Month
TransitScore® Rating
12/100
Units Available
13 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Village at Anderson Mill. The average rent is $917, compared to the city average of $1,382. Village at Anderson Mill is convenient to Great Hills Park, Concordia University Texas, and Mckalla Station. The community is somewhat walkable with a WalkScore® of 64.
North Lamar
Average Rent
$925/Month
Year-Over-Year Rent Change
17.6%
TransitScore® Rating
42/100
Units Available
63 Rentals
North Lamar is an affordable neighborhood in Austin with an average rent price of $925. Compare this to the city average of $1,382. In the past year, rent prices have decreased by 17.6%. North Lamar provides easy access to Austin C.C., Eastview Campus, Howard Station, and Austin-Bergstrom International. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Tanglewood Estates
Average Rent
$937/Month
TransitScore® Rating
18/100
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 $937, while the city’s average stands at $1,382. Tanglewood Estates is near Howard Station, Austin C.C., Cypress Creek, and Austin C.C., Northridge Campus.
Heritage Hills
Average Rent
$959/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
44/100
Units Available
522 Rentals
Heritage Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Heritage Hills is $959 while the city average is $1,382. This is a -2.7% difference from last year. Residents enjoy convenient access to Austin-Bergstrom International, Rundberg Square Shopping Center, and Mckalla Station. The neighborhood is considered car-dependent with a WalkScore® of 48.
Village Oaks
Average Rent
$959/Month
Units Available
37 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out Village Oaks. The average rent is $959, compared to the city average of $1,382. Village Oaks is convenient to Kramer Station, Lakeline Station, and Howard Station.
Quail Creek
Average Rent
$960/Month
TransitScore® Rating
43/100
Units Available
321 Rentals
Quail Creek is an affordable neighborhood in Austin with an average rent price of $960. Compare this to the city average of $1,382. Quail Creek provides easy access to Quail Creek Shopping, Austin C.C., Northridge Campus, and Crestview Station. It’s a somewhat walkable neighborhood with a WalkScore® of 65.
Highland Hills
Average Rent
$966/Month
TransitScore® Rating
39/100
Units Available
67 Rentals
If you’re looking for a great, affordable neighborhood in Austin, Highland Hills might be the perfect place! It has an average rent price of $966, while the city’s average stands at $1,382. Highland Hills is near Plaza Balcones, The Square on Parkcrest, and Austin C.C., Eastview Campus.
Walnut Crossing
Average Rent
$967/Month
TransitScore® Rating
11/100
Units Available
82 Rentals
Walnut Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Crossing is $967 while the city average is $1,382. Residents enjoy convenient access to Crestview Station, Howard Station, and Kramer Station. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
North Oaks
Average Rent
$972/Month
Units Available
19 Rentals
When you’re looking for a great Austin neighborhood on a budget, check out North Oaks. The average rent is $972, compared to the city average of $1,382. North Oaks is convenient to University of Texas at Austin, The Art Institute of Austin, and Austin C.C., Eastview 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.