Average Rent in 79424, Lubbock, TX

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Current Versus Historical 79424, Lubbock, TX Rents

79424 rentals average $728 for a 1-bedroom rental to $2,350 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $1 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $525 to $525. 1-bedroom rentals prices have decreased by $87 (-9.51%) year-over-year from $912 to $825. 2-bedroom rentals prices have increased by $79 (7.24%) year-over-year from $1,093 to $1,173. 3-bedroom rentals prices have increased by $21 (1.34%) year-over-year from $1,579 to $1,600. 4-bedroom rentals prices have increased by $67 (2.99%) year-over-year from $2,233 to $2,300. 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 0.24% this month. 2-bedroom rents have gone up by 9.32% this month. 3-bedroom rents have gone up by 2.67% this month. 4-bedroom rents have gone down by 3.16% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.17 $825 $912 (-9.51%) $676 (22.06%)
2 BR $1.07 $1,173 $1,093 (7.24%) $898 (30.62%)
3 BR $1.03 $1,600 $1,579 (1.34%) $1,441 (11.05%)
4+ BR $1.15 $2,300 $2,233 (2.99%) $2,433 (-5.48%)

Historical Rents in 79424, Lubbock, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 79424

There are a total of 1 cities nearby 79424. The average rent in 79424 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 79424, Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,395 per month.

Let's compare 79424, Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in 79424, Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are about 10.65% more expensive. Two bedrooms in 79424, Lubbock, TX are about 30.00% more expensive. Finally, rent for three bedrooms are about 6.14% more expensive. Want more information? Check out the top 1 cities near 79424, Lubbock, TX in the following chart.
City Studio 1 Bed 2 Bed All
Lubbock, TX $555 $650 $945 $1,395

Top Neighborhoods Near 79424

There are a total of 2 neighborhoods in or near 79424. We've included all of these top 2 neighborhoods in or near 79424, Lubbock, TX in the following chart.

The average rent for these 2 neighborhoods in or near 79424, Lubbock, TX is currently around $1,311 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 79424, Heart of Lubbock has the most affordable average rent at $1,123 per month. Whereas, at $1,500 average rent per month, Tech Terrace- U.N.I.T. is the most expensive neighborhood in or near 79424. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Heart of Lubbock, Lubbock, TX N/A $600 $968 $1,123
Tech Terrace- U.N.I.T., Lubbock, TX N/A $650 $1,250 $1,500

Top Counties Near 79424

There are a total of 2 counties located by 79424, 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 79424, Lubbock, TX.

Typically, rent for studios in 79424, Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 79424, Lubbock, TX is 10.65% more expensive than other counties nearby. Finally, rent for two bedrooms in 79424, Lubbock, TX is 28.33% 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 $968 $1,400

Top Zipcodes Near 79424

There are a total of 5 zipcodes in or near 79424, Lubbock, TX. The average rent for all of these zipcodes is $1,450. 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 $1,150 per month. In comparison, the zipcode with the most expensive average rent of $1,500 per month is 79416, Lubbock, TX.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 79424, Lubbock, TX is $600 per month. Or in other words, $1 per sqft. 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 5 zipcodes in 79424, 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
79423, Lubbock, TX N/A N/A $1,125 $1,450
79410, Lubbock, TX N/A $650 $1,200 $1,375
79407, Lubbock, TX N/A $625 $1,125 $1,450
79411, Lubbock, TX N/A $600 $968 $1,150

Frequently Asked Questions - 79424 Average Rents

What is the average rent price in 79424, Lubbock, TX?
The average monthly rental price for 79424, Lubbock, TX apartments for rent is approximately $1,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 79424, 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 79424, Lubbock, TX.
How much is a studio apartment in 79424, 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 79424.
How much is a one bedroom apartment in 79424, Lubbock, TX?
The average monthly rental price for one bedroom apartments is $728 and an average price per square feet of $1.17. There are a total of 4 one bedroom apartment listings currently available for rent in 79424.
How much is a two bedroom apartment in 79424, Lubbock, TX?
The average monthly rental price for two bedroom apartments is $1,350 and an average price per square feet of $1.07. There are a total of 5 two bedroom apartment listings currently available for rent in 79424.
How have rent prices in 79424, Lubbock, TX changed this year?
Rent prices for rentals in 79424, Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 79424, Lubbock, TX?
A reasonable rent price in 79424, Lubbock, TX is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.
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