Average Rent in 79416, Lubbock, TX

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Current Versus Historical 79416, Lubbock, TX Rents

79416 rentals average $0 for a studio rental to $2,000 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $1 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $106 (16.50%) year-over-year from $640 to $745. 1-bedroom rentals prices have increased by $143 (20.72%) year-over-year from $692 to $835. 2-bedroom rentals prices have increased by $17 (1.49%) year-over-year from $1,133 to $1,150. 3-bedroom rentals prices have increased by $113 (8.13%) year-over-year from $1,387 to $1,500. 4-bedroom rentals prices have increased by $300 (15.81%) year-over-year from $1,898 to $2,198. 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 up by 7.97% this month. 1-bedroom rents have gone up by 12.33% this month. 2-bedroom rents have gone up by 15.19% this month. 3-bedroom rents have gone up by 4.77% this month. 4-bedroom rents have gone up by 16.74% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $1.02 $1,150 $1,133 (1.49%) $902 (27.54%)
3 BR $1.02 $1,500 $1,387 (8.13%) $1,192 (25.87%)
4+ BR $1.00 $2,198 $1,898 (15.81%) $1,600 (37.34%)

Historical Rents in 79416, Lubbock, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 79416

There are a total of 1 cities nearby 79416. The average rent in 79416 is currently $1,375 per month. Only one city nearby has an average rent lower than that. Our records show that Lubbock, TX, with an average rent of $1,375, is the most affordable city nearby. In contrast, the most expensive city near 79416, Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,375 per month.

Let's compare 79416, Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 79416, Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 79416, Lubbock, TX are about 19.15% more expensive. Finally, rent for three bedrooms are about 4.84% more expensive. Want more information? Check out the top 1 cities near 79416, Lubbock, TX in the following chart.
City Studio 1 Bed 2 Bed All
Lubbock, TX $623 $650 $950 $1,375

Top Neighborhoods Near 79416

There are a total of 2 neighborhoods in or near 79416. We've included all of these top 2 neighborhoods in or near 79416, Lubbock, TX in the following chart.

The average rent for these 2 neighborhoods in or near 79416, Lubbock, TX is currently around $1,375 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 79416, Heart of Lubbock has the most affordable average rent at $1,100 per month. Whereas, at $1,650 average rent per month, Tech Terrace- U.N.I.T. is the most expensive neighborhood in or near 79416. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Heart of Lubbock, Lubbock, TX N/A $600 $975 $1,100
Tech Terrace- U.N.I.T., Lubbock, TX N/A $795 $1,275 $1,650

Top Counties Near 79416

There are a total of 2 counties located by 79416, 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 79416, Lubbock, TX.

Typically, rent for studios in 79416, Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 79416, Lubbock, TX is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 79416, Lubbock, TX is 17.02% 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 $623 $650 $975 $1,400

Top Zipcodes Near 79416

There are a total of 6 zipcodes in or near 79416, Lubbock, TX. The average rent for all of these zipcodes is $1,469. A total of 5 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 $1,100 per month. In comparison, the zipcode with the most expensive average rent of $1,600 per month is 79424, Lubbock, TX.

Meanwhile, two bedroom apartments will cost you an average of $1,125 per month. Which comes out to $1 per sqft. The following chart includes the top 6 zipcodes in 79416, Lubbock, TX. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
79424, Lubbock, TX N/A N/A $1,325 $1,600
79423, Lubbock, TX N/A N/A $1,175 $1,475
79410, Lubbock, TX N/A $663 $1,225 $1,463
79413, Lubbock, TX N/A N/A $963 $1,425
79407, Lubbock, TX N/A N/A $1,075 $1,499
79411, Lubbock, TX N/A $600 $975 $1,100

Frequently Asked Questions - 79416 Average Rents

What is the average rent price in 79416, Lubbock, TX?
The average monthly rental price for 79416, Lubbock, TX apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 79416, 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 79416, Lubbock, TX.
How much is a studio apartment in 79416, 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 1 studio apartment listings currently available for rent in 79416.
How much is a one bedroom apartment in 79416, Lubbock, TX?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in 79416.
How much is a two bedroom apartment in 79416, Lubbock, TX?
The average monthly rental price for two bedroom apartments is $1,175 and an average price per square feet of $1.02. There are a total of 12 two bedroom apartment listings currently available for rent in 79416.
How have rent prices in 79416, Lubbock, TX changed this year?
Rent prices for rentals in 79416, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.21%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.08% year-over-year.
What is a reasonable rent price in 79416, Lubbock, TX?
A reasonable rent price in 79416, Lubbock, TX is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.
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