Low Budget is the eighteenth studio album by English rock group the Kinks, released in 1979. It was their first to feature bassist Jim Rodford who would remain with the group until their disbandment in 1996. Following the minor success of their 1978 album Misfits, the band recorded the majority of the album in New York rather than London. Unlike the more nostalgic themes of many Kinks albums prior to Low Budget, many of the album's songs allude to contemporaneous events. Musically, the album is a continuation of the band's "arena rock" phase, resulting in a more rock-based sound and more modern production techniques.

The Kinks were an English rock band formed in London in 1963 by brothers Ray and Dave Davies. They are regarded as one of the most influential rock bands of the 1960s. The band emerged during the height of British rhythm and blues and Merseybeat, and were briefly part of the British Invasion of the United States until their touring ban in 1965. Their third single, the Ray Davies-penned "You Really Got Me", became an international hit, topping the charts in the United Kingdom and reaching the Top 10 in the United States.