Average Rent in 79423, Lubbock, TX

Current Versus Historical 79423, Lubbock, TX Rents

79423 rentals average $999 for a 1-bedroom rental to $1,985 for a 4-bedroom rental. The median price of all currently available listings is $1,450, or roughly $12 per square feet.

For the apartment units and housing in October 2023, median rents have risen substantially over the last year. Studio rentals prices have decreased by $2,013 (-64.66%) year-over-year from $3,113 to $1,100. 1-bedroom rentals prices have increased by $358 (48.97%) year-over-year from $730 to $1,088. 2-bedroom rentals prices have increased by $63 (7.46%) year-over-year from $849 to $913. 3-bedroom rentals prices have decreased by $6 (-0.43%) year-over-year from $1,456 to $1,450. 4-bedroom rentals prices have decreased by $53 (-2.89%) year-over-year from $1,848 to $1,795. 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 17.08% this month. 2-bedroom rents have gone up by 1.39% this month. 3-bedroom rents have gone down by 1.67% this month. 4-bedroom rents have gone down by 4.61% this month.

Beds	Price / Sqft	Oct 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$12	$1,088	$730 (48.97%)	$733 (48.30%)
2 BR	$12	$913	$849 (7.46%)	$1,047 (-12.82%)
3 BR	$12	$1,450	$1,456 (-0.43%)	$1,329 (9.10%)
4+ BR	$12	$1,795	$1,848 (-2.89%)	$1,716 (4.61%)

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 37.94% more expensive. Two bedrooms in 79423, Lubbock, TX are about 6.10% more expensive. Finally, rent for three bedrooms are on par with the other cities nearby. 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	$598	$620	$963	$1,375

Top Neighborhoods Near 79423

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 79423

The average rent for rentals in these counties is $1,400. That's roughly around $12 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 37.44% more expensive than other counties nearby. Finally, rent for two bedrooms in 79423, Lubbock, TX is 2.93% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lubbock, TX	$598	$625	$995	$1,400

Top Zipcodes Near 79423

There are a total of 5 zipcodes in or near 79423, Lubbock, TX. The average rent for all of these zipcodes is $1,400. 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 79410, Lubbock, TX at $1,350 per month. In comparison, the zipcode with the most expensive average rent of $1,550 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 $595 per month. Or in other words, $11 per sqft. Meanwhile, two bedroom apartments will cost you an average of $950 per month. Which comes out to $12 per sqft. The following chart includes the top 5 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	$595	$950	$1,400
79424, Lubbock, TX	N/A	$1,173	$1,150	$1,550
79410, Lubbock, TX	N/A	$588	$1,050	$1,350
79413, Lubbock, TX	N/A	$600	$900	$1,363
79407, Lubbock, TX	N/A	N/A	$925	$1,500

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 $999 and an average price per square feet of $12.04. There are a total of 3 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 $1,025 and an average price per square feet of $11.91. There are a total of 20 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 -0.65%, one bedroom rental prices have changed by 0.49%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.00% 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.