Average Rent in 79407, Lubbock, TX

Current Versus Historical 79407, Lubbock, TX Rents

79407 rentals average $625 for a 1-bedroom rental to $1,950 for a 4-bedroom rental. The median price of all currently available listings is $1,450, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $3,359 (-85.06%) year-over-year from $3,949 to $590. 1-bedroom rentals prices have increased by $31 (4.52%) year-over-year from $689 to $720. 2-bedroom rentals prices have increased by $90 (10.20%) year-over-year from $883 to $973. 3-bedroom rentals prices have decreased by $95 (-6.12%) year-over-year from $1,558 to $1,463. 4-bedroom rentals prices have decreased by $63 (-2.93%) year-over-year from $2,162 to $2,099. 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 2.86% this month. 2-bedroom rents have gone down by 2.99% this month. 3-bedroom rents have gone down by 3.57% this month. 4-bedroom rents have gone up by 4.10% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.07	$720	$689 (4.52%)	$557 (29.34%)
2 BR	$1.01	$973	$883 (10.20%)	$807 (20.56%)
3 BR	$1.03	$1,463	$1,558 (-6.12%)	$1,340 (9.17%)
4+ BR	$1.04	$2,099	$2,162 (-2.93%)	$2,017 (4.08%)

Historical Rents in 79407, Lubbock, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 79407

There are a total of 1 cities nearby 79407. The average rent in 79407 is currently $1,395 per month. Only one city nearby has an average rent lower than that. Our records show that Lubbock, TX, with an average rent of $1,395, is the most affordable city nearby. In contrast, the most expensive city near 79407, Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,395 per month.

Let's compare 79407, Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 79407, Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are about 4.00% more affordable. Two bedrooms in 79407, Lubbock, TX are about 17.39% more expensive. Finally, rent for three bedrooms are about 2.56% more affordable. Want more information? Check out the top 1 cities near 79407, Lubbock, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Lubbock, TX	$555	$650	$950	$1,395

Top Neighborhoods Near 79407

There are a total of 2 neighborhoods in or near 79407. We've included all of these top 2 neighborhoods in or near 79407, Lubbock, TX in the following chart.

The average rent for these 2 neighborhoods in or near 79407, Lubbock, TX is currently around $1,324 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 79407, 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 79407. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Heart of Lubbock, Lubbock, TX	N/A	$638	$993	$1,148
Tech Terrace- U.N.I.T., Lubbock, TX	N/A	$650	$1,250	$1,500

Top Counties Near 79407

There are a total of 2 counties located by 79407, Lubbock, TX. The average rent for rentals in these counties is $1,400. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lubbock, TX. It's average rent per month is $1,400. Vice versa, with an average rent of $1,400, Lubbock, TX is the most expensive county by 79407, Lubbock, TX.

Typically, rent for studios in 79407, Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 79407, Lubbock, TX is 4.00% more affordable than other counties nearby. Finally, rent for two bedrooms in 79407, Lubbock, TX is 13.04% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lubbock, TX	$555	$650	$1,000	$1,400

Top Zipcodes Near 79407

There are a total of 5 zipcodes in or near 79407, Lubbock, TX. The average rent for all of these zipcodes is $1,500. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 79411, Lubbock, TX at $1,175 per month. In comparison, the zipcode with the most expensive average rent of $1,600 per month is 79424, Lubbock, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 79407, Lubbock, TX is $638 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,200 per month. Which comes out to $1 per sqft. The following chart includes the top 5 zipcodes in 79407, 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	$1,275	$1,500
79424, Lubbock, TX	N/A	$728	$1,425	$1,600
79423, Lubbock, TX	N/A	N/A	$1,150	$1,500
79410, Lubbock, TX	N/A	$650	$1,200	$1,350
79411, Lubbock, TX	N/A	$638	$990	$1,175

Frequently Asked Questions - 79407 Average Rents

What is the average rent price in 79407, Lubbock, TX?

The average monthly rental price for 79407, Lubbock, TX apartments for rent is approximately $1,450. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 79407, 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 79407, Lubbock, TX.

How much is a studio apartment in 79407, 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 79407.

How much is a one bedroom apartment in 79407, Lubbock, TX?

The average monthly rental price for one bedroom apartments is $625 and an average price per square feet of $1.07. There are a total of 2 one bedroom apartment listings currently available for rent in 79407.

How much is a two bedroom apartment in 79407, Lubbock, TX?

The average monthly rental price for two bedroom apartments is $1,150 and an average price per square feet of $1.01. There are a total of 15 two bedroom apartment listings currently available for rent in 79407.

How have rent prices in 79407, Lubbock, TX changed this year?

Rent prices for rentals in 79407, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.85%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in 79407, Lubbock, TX?

A reasonable rent price in 79407, Lubbock, TX is around $1,160/month. You can search for these reasonably priced rental listings on RentHop.