9 Cheap Apartments for rent in Lubbock, TX

Last updated September 26 at 3:57AM
2106 Boston Avenue
Tech Terrace- U.N.I.T.
Lubbock, TX
Updated September 26 at 3:43AM
1 Bedroom
$500
3429 Grinnell Street
Arnett Benson
Lubbock, TX
Updated September 19 at 6:17PM
2 Bedrooms
$595
2832 24th Street
Tech Terrace- U.N.I.T.
Lubbock, TX
Updated September 16 at 10:02AM
1 Bedroom
$450
2701 21st Street - Rear
Tech Terrace- U.N.I.T.
Lubbock, TX
Updated September 26 at 3:43AM
1 Bedroom
$500
3007 Harvard Street
Arnett Benson
Lubbock, TX
Updated September 26 at 3:57AM
2 Bedrooms
$575
3710 Erskine St
Lubbock
Lubbock, TX
Updated September 26 at 3:53AM
3 Bedrooms
$449
Results within 10 miles of Lubbock, TX
320 E Lynn St.
Slaton
Slaton, TX
Updated September 26 at 3:46AM
1 Bedroom
$350
310 E Lynn St.
Slaton
Slaton, TX
Updated September 26 at 3:46AM
1 Bedroom
$350
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Rent Report
Lubbock

September 2017 Lubbock Rent Report

Welcome to the September 2017 Lubbock Rent Report. Lubbock rents remained steady over the past month. In this report, we'll evaluate trends in the Lubbock rental market, including comparisons to cities throughout the state and nation.

Lubbock rent trends were flat over the past month

Lubbock rents have remained flat over the past month, however, they have increased moderately by 2.3% year-over-year. Currently, median rents in Lubbock stand at $680 for a one-bedroom apartment and $840 for a two-bedroom. Lubbock's year-over-year rent growth leads the state average of 1.5%, but trails the national average of 3.0%.

Rents rising across cities in Texas

Throughout the past year, rent increases have been occurring not just in the city of Lubbock, but across the entire state. Of the largest 10 cities that we have data for in Texas, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,420; of the 10 largest cities in Texas that we have data for, Houston and Corpus Christi, where two-bedrooms go for $990 and $1,030, are the only two major cities in the state to see rents fall year-over-year (-2.4% and -0.9%).
  • Arlington, Fort Worth, and San Antonio have all experienced year-over-year growth above the state average (9.0%, 5.6%, and 2.8%, respectively).

Lubbock rents more affordable than many large cities nationwide

Rent growth in Lubbock has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Lubbock is still more affordable than most large cities across the country.

  • Lubbock's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.3% increase in Lubbock.
  • While rents in Lubbock remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Lubbock than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Lubbock.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.