Average Rent in 79423, Lubbock, TX

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Current Versus Historical 79423, Lubbock, TX Rents

79423 rentals average $1,125 for a 2-bedroom rental to $1,663 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 $893 (-59.52%) year-over-year from $1,500 to $607. 1-bedroom rentals prices have decreased by $41 (-4.70%) year-over-year from $865 to $824. 2-bedroom rentals prices have decreased by $108 (-8.94%) year-over-year from $1,208 to $1,100. 3-bedroom rentals prices have increased by $9 (0.58%) year-over-year from $1,491 to $1,500. 4-bedroom rentals prices have increased by $298 (15.64%) year-over-year from $1,903 to $2,200. 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 2.30% this month. 1-bedroom rents have gone up by 12.80% this month. 2-bedroom rents have gone up by 4.76% this month. 3-bedroom rents have gone up by 0.56% this month. 4-bedroom rents have gone down by 5.71% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $0.95 $1,100 $1,208 (-8.94%) $921 (19.46%)
3 BR $1.03 $1,500 $1,491 (0.58%) $1,392 (7.78%)
4+ BR $0.98 $2,200 $1,903 (15.64%) $1,683 (30.69%)

Historical Rents in 79423, Lubbock, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 79423

There are a total of 1 cities nearby 79423. The average rent in 79423 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 79423, Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,375 per month.

Let's compare 79423, Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 79423, Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 79423, Lubbock, TX are about 15.56% more expensive. Finally, rent for three bedrooms are about 0.07% more expensive. Want more information? Check out the top 1 cities near 79423, Lubbock, TX in the following chart.
City Studio 1 Bed 2 Bed All
Lubbock, TX $555 $650 $950 $1,375

Top Neighborhoods Near 79423

There are a total of 2 neighborhoods in or near 79423. We've included all of these top 2 neighborhoods in or near 79423, Lubbock, TX in the following chart.

The average rent for these 2 neighborhoods in or near 79423, 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 79423, 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 79423. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Heart of Lubbock, Lubbock, TX N/A $613 $993 $1,148
Tech Terrace- U.N.I.T., Lubbock, TX N/A $650 $1,250 $1,500

Top Counties Near 79423

There are a total of 2 counties located by 79423, 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 79423, Lubbock, TX.

Typically, rent for studios in 79423, Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 79423, Lubbock, TX is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 79423, Lubbock, TX is 11.56% 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 $995 $1,400

Top Zipcodes Near 79423

There are a total of 6 zipcodes in or near 79423, Lubbock, TX. The average rent for all of these zipcodes is $1,475. 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 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 79423, Lubbock, TX is $619 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,169 per month. Which comes out to $1 per sqft. The following chart includes the top 6 zipcodes in 79423, 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 $1,200 $1,500
79424, Lubbock, TX N/A $728 $1,350 $1,600
79410, Lubbock, TX N/A $650 $1,200 $1,350
79413, Lubbock, TX N/A N/A $898 $1,563
79407, Lubbock, TX N/A $625 $1,138 $1,450
79411, Lubbock, TX N/A $613 $990 $1,175

Frequently Asked Questions - 79423 Average Rents

What is the average rent price in 79423, Lubbock, TX?
The average monthly rental price for 79423, 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 79423, 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 79423, Lubbock, TX.
How much is a studio apartment in 79423, 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 79423.
How much is a one bedroom apartment in 79423, 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 0 one bedroom apartment listings currently available for rent in 79423.
How much is a two bedroom apartment in 79423, Lubbock, TX?
The average monthly rental price for two bedroom apartments is $1,125 and an average price per square feet of $0.95. There are a total of 14 two bedroom apartment listings currently available for rent in 79423.
How have rent prices in 79423, Lubbock, TX changed this year?
Rent prices for rentals in 79423, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.60%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 79423, Lubbock, TX?
A reasonable rent price in 79423, Lubbock, TX is around $1,160/month. You can search for these reasonably priced rental listings on RentHop.
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