Methods and apparatus relating to techniques for resource load balancing based on usage and/or power limits are described. In an embodiment, resource load balancing logic causes a first resource of a processor to operate at a first frequency and a second resource of the processor to operate at a second frequency. Memory stores a plurality of frequency values. The resource load balancing logic also selects the first frequency and the second frequency based on the stored plurality of frequency values. Operation of the first resource at the first frequency and the second resource at the second frequency in turn causes the processor to operate under a power budget. The resource load balancing logic causes change to the first frequency and the second frequency in response to a determination that operation of the processor is different than the power budget. Other embodiments are also disclosed and claimed.