In regards to budget and film-quality, I can see why you compared them together. But in regards to story, they are nothing alike. To be honest, I feel AXE is the better selection, it's more realistic and not as exploitative as Last House. It swings more towards drama and eerie without stooping to exploitative gore just for the sake of it.
It's still considered horror because of what Lisa does to her captors, but it doesn't present it in a gratuitous way.
The only real weakness to be said against AXE is perhaps it's pacing, editing and some of it's acting. Otherwise, it has some real strong moments that leaves a satisfying and slightly impressed feeling once it's over.
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