Lubbock, TX Rental Market Trends
What is the average rent in Lubbock?
The average rent for an apartment in Lubbock is $1,061. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Lubbock, TX
| Average Rent | Average Apartment Size |
|---|---|
| $1,061 | 918 sq. ft. |
What is the average apartment size in Lubbock?
The average size for a Lubbock, TX apartment is 918 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
Lubbock, TX Occupied Housing Units
42,092 or 42% of the households in Lubbock, TX are renter-occupied while 56,757 or 57% are owner-occupied.
Lubbock, TX Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lubbock, TX | $924 | $928 | $939 | $961 | $974 | $973 | $986 | $987 | $1,025 | $1,030 | $1,061 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Lubbock, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Overton | $1,719 |
| Guadalupe | $1,693 |
| MacKenzie Park | $1,693 |
| Shadow Hills | $1,265 |
| Lubbock Lake | $1,207 |
| Texas Tech | $1,207 |
| Arnett Benson | $1,120 |
| Mahon | $1,120 |
| Hodges Park | $1,108 |
| Lubbock Country Club | $1,108 |
| Bowie | $1,068 |
| Carlisle | $1,068 |
| West End Place | $1,068 |
| Coronado | $1,058 |
| Kings Park | $913 |
| University Pines | $913 |
| Waters | $913 |
| Raintree | $888 |
| Regal Park | $875 |
| Remington Park | $875 |
| Bill McAlister | $873 |
| Wester | $847 |
| Slaton-Bean | $827 |
| Stewart | $817 |
| Leroy Elmore | $809 |
| Atkins | $789 |
| Clapp Park | $784 |
| Heart of Lubbock | $783 |
| Caprock | $782 |
| Maedgen | $782 |
| Wheelock and Monterey | $782 |
| Maxey Park | $727 |
| Claytoncarter | $699 |
| Lubbock International Airport | $699 |
| Parkway and Cherry Point | $699 |
| Skyview | $699 |
What are the most affordable neighborhoods in Lubbock?
The most affordable neighborhoods in Lubbock are Claytoncarter, where the average rent goes for $699/month, Lubbock International Airport, where renters pay $699/mo on average, and Parkway and Cherry Point, where the average rent goes for $699/mo. If you’re looking for other great deals, check out the listings from Skyview ($699), Maxey Park ($727), and Caprock ($782), where the asking prices are below the average Lubbock rent of $1,061/mo.
What are the most expensive neighborhoods in Lubbock?
The most expensive neighborhoods in Lubbock are Guadalupe ($1,693), MacKenzie Park ($1,693) and Overton ($1,719).
What are the most popular neighborhoods in Lubbock?
The most popular neighborhood in Lubbock is Leroy Elmore, where there are 3 verified RentCafe listings with an average rent of $809. Next up is Hodges Park, where apartments go for $1,108/month, followed by West End Place with $1,068 If you’re looking to rent in Lubbock’s most popular neighborhoods, make sure to also check out Carlisle, where renters pay $1,068 on average, and Lubbock Lake, where the average monthly rent is $1,207.
Lubbock | Rent Comparison by Neighborhood
Rent in Arnett Benson is 42% higher than in Atkins
Arnett Benson rent is 6% higher than Lubbock average
| Average Rent | $1,120 |
|---|
Atkins rent is 26% lower than Lubbock average
| Average Rent | $789 |
|---|