Average Rent in 79401, Lubbock, TX

Current Versus Historical 79401, Lubbock, TX Rents

79401 rentals average $685 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $850, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $470 (247.37%) year-over-year from $190 to $660. 1-bedroom rentals prices have increased by $13 (1.99%) year-over-year from $672 to $685. 2-bedroom rentals prices have decreased by $123 (-11.76%) year-over-year from $1,048 to $925. 3-bedroom rentals prices have decreased by $195 (-12.93%) year-over-year from $1,507 to $1,313. 4-bedroom rentals prices have decreased by $400 (-16.66%) year-over-year from $2,400 to $2,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 2.49% this month. 2-bedroom rents have gone up by 5.71% this month. 3-bedroom rents have gone down by 18.17% this month. 4-bedroom rents have gone down by 14.29% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.09	$685	$672 (1.99%)	$608 (12.60%)
2 BR	$1.05	$925	$1,048 (-11.76%)	$808 (14.55%)
3 BR	$0.96	$1,313	$1,507 (-12.93%)	$1,500 (-12.48%)

Historical Rents in 79401, Lubbock, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 79401

There are a total of 1 cities nearby 79401. The average rent in 79401 is currently $1,400 per month. Our records show that Lubbock, TX, with an average rent of $1,400, is the most affordable city nearby. In contrast, the most expensive city near 79401, Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,400 per month.

Let's compare 79401, Lubbock, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 5.11% more expensive. Two bedrooms in 79401, Lubbock, TX are about 2.70% more affordable. Finally, rent for three bedrooms are about 14.29% more affordable. Want more information? Check out the top 1 cities near 79401, Lubbock, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Lubbock, TX	N/A	$650	$950	$1,400

Top Neighborhoods Near 79401

There are a total of 2 neighborhoods in or near 79401. We've included all of these top 2 neighborhoods in or near 79401, Lubbock, TX in the following chart.

The average rent for these 2 neighborhoods in or near 79401, Lubbock, TX is currently around $1,324 per month. Meaning, only two neighborhoods have a higher average rent than $1,324. Interestingly, the neighborhoods' average rent is higher than 79401's average rent, which is only $850. Out of all the neighborhoods in or near 79401, Heart of Lubbock has the most affordable average rent at $1,148 per month. Whereas, at $1,500 average rent per month, Tech Terrace- U.N.I.T. is the most expensive neighborhood in or near 79401. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Heart of Lubbock, Lubbock, TX	N/A	$650	$1,000	$1,148
Tech Terrace- U.N.I.T., Lubbock, TX	N/A	$650	$1,250	$1,500

Top Counties Near 79401

There are a total of 2 counties located by 79401, Lubbock, TX. The average rent for rentals in these counties is $1,413. That's roughly around $1 per sqft. The county that is the most affordable is Lubbock, TX. It's average rent per month is $1,413. Vice versa, with an average rent of $1,413, Lubbock, TX is the most expensive county by 79401, Lubbock, TX.

In comparison, rent for one bedroom listings in 79401, Lubbock, TX is 5.11% more expensive than other counties nearby. Finally, rent for two bedrooms in 79401, Lubbock, TX is 7.84% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lubbock, TX	N/A	$650	$998	$1,413

Top Zipcodes Near 79401

There are a total of 6 zipcodes in or near 79401, Lubbock, TX. The average rent for all of these zipcodes is $1,500.

The following chart includes the top 6 zipcodes in 79401, Lubbock, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
79416, Lubbock, TX	N/A	N/A	$1,075	$1,550
79424, Lubbock, TX	N/A	N/A	$1,295	$1,625
79423, Lubbock, TX	N/A	N/A	$1,175	$1,450
79410, Lubbock, TX	N/A	$650	$1,250	$1,500
79407, Lubbock, TX	N/A	$600	$1,150	$1,500
79411, Lubbock, TX	N/A	$650	$1,000	$1,150

Frequently Asked Questions - 79401 Average Rents

What is the average rent price in 79401, Lubbock, TX?

The average monthly rental price for 79401, Lubbock, TX apartments for rent is approximately $850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 79401, Lubbock, TX rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 79401, Lubbock, TX.

How much is a studio apartment in 79401, Lubbock, TX?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 79401.

How much is a one bedroom apartment in 79401, Lubbock, TX?

The average monthly rental price for one bedroom apartments is $685 and an average price per square feet of $1.09. There are a total of 10 one bedroom apartment listings currently available for rent in 79401.

How much is a two bedroom apartment in 79401, Lubbock, TX?

The average monthly rental price for two bedroom apartments is $925 and an average price per square feet of $1.05. There are a total of 10 two bedroom apartment listings currently available for rent in 79401.

How have rent prices in 79401, Lubbock, TX changed this year?

Rent prices for rentals in 79401, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by 2.47%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by -0.13% year-over-year.

What is a reasonable rent price in 79401, Lubbock, TX?

A reasonable rent price in 79401, Lubbock, TX is around $680/month. You can search for these reasonably priced rental listings on RentHop.