Average Rent in 79414, Lubbock, TX

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Current Versus Historical 79414, Lubbock, TX Rents

79414 rentals average $695 for a 1-bedroom rental to $1,650 for a 4-bedroom rental. The median price of all currently available listings is $1,163, or roughly $12 per square feet.
For the apartment units and housing in May 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1,002 (125.47%) year-over-year from $798 to $1,800. 1-bedroom rentals prices have decreased by $27 (-3.70%) year-over-year from $722 to $695. 2-bedroom rentals prices have increased by $58 (6.73%) year-over-year from $867 to $925. 3-bedroom rentals prices have increased by $56 (4.31%) year-over-year from $1,294 to $1,350. 4-bedroom rentals prices have increased by $150 (10.00%) year-over-year from $1,500 to $1,650. 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 down by 3.70% this month. 2-bedroom rents have gone up by 4.32% this month. 3-bedroom rents have gone up by 0.63% this month. 4-bedroom rents have gone down by 5.71% this month.
Beds
Price / Sqft
May 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $12 $695 $722 (-3.70%) $511 (35.94%)
2 BR $12 $925 $867 (6.73%) $770 (20.13%)
3 BR $12 $1,350 $1,294 (4.31%) $1,125 (20.00%)
4+ BR $13 $1,650 $1,500 (10.00%) $1,400 (17.86%)

Historical Rents in 79414, Lubbock, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 79414

There are a total of 2 cities nearby 79414. The average rent in 79414 is currently $1,400 per month. Our records show that Lubbock, TX, with an average rent of $1,300, is the most affordable city nearby. In contrast, the most expensive city near 79414, Lubbock, TX is Wolfforth, TX. Monthly rents here are on average $1,500 per month.

Let's compare 79414, Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 79414, Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are about 50.36% more expensive. Two bedrooms in 79414, Lubbock, TX are about 36.47% more affordable. Finally, rent for three bedrooms are about 14.44% more affordable. Want more information? Check out the top 2 cities near 79414, Lubbock, TX in the following chart.
City Studio 1 Bed 2 Bed All
Lubbock, TX $700 $690 $925 $1,300
Wolfforth, TX N/A N/A $1,395 $1,500

Top Neighborhoods Near 79414

There are a total of 6 neighborhoods in or near 79414. Some of these neighborhoods include South Overton, Wheelock and Monterey, and Heart of Lubbock. We've included all of these top 6 neighborhoods in or near 79414, Lubbock, TX in the following chart.

The average rent for these 6 neighborhoods in or near 79414, Lubbock, TX is currently around $1,250 per month. A total of one neighborhood has a lower average rent. Meaning, only five neighborhoods have a higher average rent than $1,250. Interestingly, the neighborhoods' average rent is higher than 79414's average rent, which is only $1,163. Out of all the neighborhoods in or near 79414, South Overton has the most affordable average rent at $850 per month. Whereas, at $1,475 average rent per month, North by Northwest is the most expensive neighborhood in or near 79414. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
South Overton, Lubbock, TX $1,395 $685 $865 $850
Wheelock and Monterey, Lubbock, TX N/A $600 $995 $1,175
Heart of Lubbock, Lubbock, TX $1,700 $650 $985 $1,200
Maxey Park, Lubbock, TX $550 $673 $950 $1,300
Tech Terrace- U.N.I.T., Lubbock, TX N/A $730 $1,195 $1,400
North by Northwest, Lubbock, TX N/A $625 $1,500 $1,475

Top Counties Near 79414

There are a total of 6 counties located by 79414, Lubbock, TX. The average rent for rentals in these counties is $1,395. That's roughly around $12 per sqft. The county that is the most affordable is Lubbock, TX. It's average rent per month is $1,395. Vice versa, with an average rent of $1,395, Lubbock, TX is the most expensive county by 79414, Lubbock, TX.

Typically, rent for studios in 79414, Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 79414, Lubbock, TX is 0.72% more expensive than other counties nearby. Finally, rent for two bedrooms in 79414, Lubbock, TX is 14.71% 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 $695 $690 $975 $1,395

Top Zipcodes Near 79414

There are a total of 10 zipcodes in or near 79414, Lubbock, TX. The average rent for all of these zipcodes is $1,338. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 79401, Lubbock, TX at $895 per month. In comparison, the zipcode with the most expensive average rent of $1,595 per month is 79382, Lubbock, TX.

Studios in these zipcodes have an average rent of $623. That's at least $14 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 79414, Lubbock, TX is $695 per month. Or in other words, $14 per sqft. Meanwhile, two bedroom apartments will cost you an average of $960 per month. Which comes out to $12 per sqft. The following chart includes the top 10 zipcodes in 79414, 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 $695 $750 $910 $1,375
79424, Lubbock, TX $800 $738 $1,050 $1,595
79423, Lubbock, TX $204 $840 $1,300 $1,500
79407, Lubbock, TX N/A $700 $900 $1,500
79411, Lubbock, TX $1,100 $650 $900 $985
79413, Lubbock, TX $2,350 $550 $995 $1,250
79410, Lubbock, TX $550 $695 $1,100 $1,300
79401, Lubbock, TX $14 $695 $925 $895
79412, Lubbock, TX $1,248 $675 $895 $900
79382, Lubbock, TX N/A N/A $1,395 $1,595

Frequently Asked Questions - 79414 Average Rents

What is the average rent price in 79414, Lubbock, TX?
The average monthly rental price for 79414, Lubbock, TX apartments for rent is approximately $1,163. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 79414, 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 79414, Lubbock, TX.
How much is a studio apartment in 79414, 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 79414.
How much is a one bedroom apartment in 79414, Lubbock, TX?
The average monthly rental price for one bedroom apartments is $695 and an average price per square feet of $12.37. There are a total of 10 one bedroom apartment listings currently available for rent in 79414.
How much is a two bedroom apartment in 79414, Lubbock, TX?
The average monthly rental price for two bedroom apartments is $850 and an average price per square feet of $12.00. There are a total of 15 two bedroom apartment listings currently available for rent in 79414.
How have rent prices in 79414, Lubbock, TX changed this year?
Rent prices for rentals in 79414, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by 1.25%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in 79414, Lubbock, TX?
A reasonable rent price in 79414, Lubbock, TX is around $930/month. You can search for these reasonably priced rental listings on RentHop.
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