Lubbock, TX Rental Market Trends

Highlights

The average rent for an apartment in Lubbock is $907, a 2% increase compared to the previous year, when the average rent was $889.

Average Rent in Lubbock, TX

Last updated May 2019
Average Rent Y-o-Y Change Average Apartment Size
$907 2% 868 sq. ft.

The average size for a Lubbock, TX apartment is 868 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Lubbock, TX Apartment Rent Ranges

  • < $5007%
  • $501-$70031%
  • $701-$1,00038%
  • $1,001-$1,50014%
  • $1,501-$2,0008%
  • > $2,0002%

Lubbock, TX Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Lubbock, TX $934 $928 $967 $955 $915 $889 $909 $910 $907
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Lubbock, TX By Neighborhood

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The most affordable neighborhoods in Lubbock are Chatmans Hills, where the average rent goes for $585/month, Harwell, where renters pay $585/mo on average, and Southgate, where the average rent goes for $585/mo. If you’re looking for other great deals, check out the listings from Claytoncarter ($606), Lubbock International Airport ($606), and Parkway and Cherry Point ($606), where the asking prices are below the average Lubbock rent of $907/mo.

The most expensive neighborhoods in Lubbock are Mahon ($996), Guadalupe ($1,443) and MacKenzie Park ($1,443).

Lubbock | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Arnett Benson is 46% higher than in Atkins

$996

Arnett Benson rent is 10% higher than Lubbock average

Average Rent $996
$682

Atkins rent is 25% lower than Lubbock average

Average Rent $682

How Does Lubbock Compare to Nearby Cities

Average Rent Y-o-Y Change
Lubbock $907 2%
Buffalo Springs $585 n/a
New Deal $985 n/a
Wolfforth $974 n/a

For more information about the Lubbock rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lubbock apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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