Lower Caversham is an area of the village of Caversham in Berkshire, England. It forms part of Reading. Lower Caversham has no formal boundaries, but the name usually refers to that part of Caversham situated on lower ground to the east of central Caversham, close to the River Thames. Lower Caversham, as well as the remainder of Reading north of the Thames lies in the historic county of Oxfordshire.

The area lies entirely within the Caversham ward of the borough of Reading. As a unitary authority, the borough is responsible for all aspects of local government within the area. Lower Caversham is within the Reading East parliamentary constituency.

Lower Caversham encompasses George Street on which Reading Bridge is situated on. This road crosses over the River Thames and is the main link between Caversham and the rest of Reading, leading directly to Reading station. To the east of George Street is also Hills Meadow where the annual Reading Winter Wonderland fair is held.

Caversham Lock is situated on the south bank of the Thames, and is connected to Lower Caversham by a weir—popularly known as The Clappers— which carries a public footpath across the river. This path also provides access to View Island, now a public park. Upstream of the lock, Reading Bridge provides a direct road link between Reading town centre and Lower Caversham.