Low Budget generally received positive reception from music critics, despite most feeling the album was not perfect. Melody Maker spoke positively of the album, saying, "Low Budget is actually worth spending money on." Rolling Stone also praised the album, saying, "the Kinks haven't mounted this kind of rock & roll attack since 'Lola.
Low Budget was generally well-received by music critics, although most felt it wasn't perfect. Melody Maker gave a positive review, calling it worth buying. Rolling Stone also praised the album, saying that the Kinks haven't been this energetic in their rock & roll since "Lola."