Cheapest Neighborhoods in Houston, TX
Some of the cheapest neighborhoods in Houston are Chinatown, Greater Hobby Area, and Park Place. These neighborhoods offer some of the lowest rent prices in Houston, making them ideal for renters on a budget. As of August 30, 2026, the average rent in Houston is $1,180, which is 0.9% 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.
Chinatown
Average Rent
$795/Month
Year-Over-Year Rent Change
1.3%
Units Available
148 Rentals
Chinatown is an affordable neighborhood in Houston with an average rent price of $795. Compare this to the city average of $1,180. In the past year, rent prices have decreased by 1.3%. Chinatown provides easy access to Buffalo Bayou Paddling Trail, Diho Plaza Shopping Center, and Houston Baptist University.
Greater Hobby Area
Average Rent
$837/Month
Year-Over-Year Rent Change
2.6%
Units Available
643 Rentals
If you’re looking for a great, affordable neighborhood in Houston, Greater Hobby Area might be the perfect place! It has an average rent price of $837, while the city’s average stands at $1,180. In the last year, prices have decreased by 2.6%. Greater Hobby Area is near Texas Southern University, Houston Zoo, and Hobby South Shopping Center.
Park Place
Average Rent
$846/Month
Year-Over-Year Rent Change
1.2%
Units Available
39 Rentals
Park Place is a top choice for budget-conscious renters for a variety of reasons. The average rent in Park Place is $846 while the city average is $1,180. This is a 1.2% difference from last year. Residents enjoy convenient access to University of Houston, Magnolia Park Transit Center Wb, and George Bush Intcntl/Houston.
Westwood
Average Rent
$848/Month
Year-Over-Year Rent Change
0.3%
Units Available
169 Rentals
When you’re looking for a great Houston neighborhood on a budget, check out Westwood. The average rent is $848, compared to the city average of $1,180. Rent prices have increased by 0.3%. Westwood is convenient to Buffalo Bayou Paddling Trail, George Bush Intcntl/Houston, and Houston Baptist University.
Pecan Park
Average Rent
$860/Month
Year-Over-Year Rent Change
1.5%
Units Available
65 Rentals
Pecan Park is an affordable neighborhood in Houston with an average rent price of $860. Compare this to the city average of $1,180. In the past year, rent prices have decreased by 1.5%. Pecan Park provides easy access to Cockrell Butterfly Center, Sims Bayou Urban Nature Center, and Texas Southern University.
Northshore
Average Rent
$862/Month
Year-Over-Year Rent Change
0.6%
Units Available
242 Rentals
If you’re looking for a great, affordable neighborhood in Houston, Northshore might be the perfect place! It has an average rent price of $862, while the city’s average stands at $1,180. In the last year, prices have increased by 0.6%. Northshore is near East Fwy Strip Center, Sims Bayou Urban Nature Center, and Univ. of Houston, Downtown.
Sharpstown
Average Rent
$862/Month
Year-Over-Year Rent Change
4.2%
Units Available
558 Rentals
Sharpstown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sharpstown is $862 while the city average is $1,180. This is a -4.2% difference from last year. Residents enjoy convenient access to George Bush Intcntl/Houston, Dryden/Tmc Stn Sb, and The Art Institute of Houston.
Braeburn
Average Rent
$868/Month
Year-Over-Year Rent Change
0.6%
Units Available
172 Rentals
When you’re looking for a great Houston neighborhood on a budget, check out Braeburn. The average rent is $868, compared to the city average of $1,180. Rent prices have increased by 0.6%. Braeburn is convenient to Fondren Shopping Center, Nature Discovery Center, and The Art Institute of Houston.
Greater Greenspoint
Average Rent
$872/Month
Year-Over-Year Rent Change
2.9%
Units Available
955 Rentals
Greater Greenspoint is an affordable neighborhood in Houston with an average rent price of $872. Compare this to the city average of $1,180. In the past year, rent prices have decreased by 2.9%. Greater Greenspoint provides easy access to University of St Thomas, Lindale Park Nb, and Melbourne North Lindale Sb.
Cypress Station
Average Rent
$875/Month
Year-Over-Year Rent Change
4.4%
Units Available
628 Rentals
If you’re looking for a great, affordable neighborhood in Houston, Cypress Station might be the perfect place! It has an average rent price of $875, while the city’s average stands at $1,180. In the last year, prices have decreased by 4.4%. Cypress Station is near Mercer Arboretum & Botanic Gardens, William P Hobby, and Spring Trails Preserve.
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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.