Average Rent in Lubbock, TX

Current Versus Historical Lubbock, TX Rents

Lubbock rentals average $695 for a studio rental to $2,000 for a 4-bedroom rental. The median price of all currently available listings is $1,350, or roughly $12 per square feet.

For the apartment units and housing in March 2023, median rents have risen substantially over the last year. Studio rentals prices have decreased by $630 (-49.22%) year-over-year from $1,280 to $650. 1-bedroom rentals prices have increased by $77 (12.60%) year-over-year from $608 to $685. 2-bedroom rentals prices have increased by $101 (11.53%) year-over-year from $874 to $975. 3-bedroom rentals prices have increased by $83 (6.10%) year-over-year from $1,367 to $1,450. 4-bedroom rentals prices have increased by $108 (5.76%) year-over-year from $1,865 to $1,973. 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 49.83% this month. 1-bedroom rents have gone up by 2.24% this month. 2-bedroom rents have gone up by 5.41% this month. 3-bedroom rents have gone up by 2.98% this month. 4-bedroom rents have gone down by 2.95% this month.

Beds	Price / Sqft	Mar 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$12	$650	$1,280 (-49.22%)	$953 (-31.76%)
1 BR	$14	$685	$608 (12.60%)	$592 (15.77%)
2 BR	$12	$975	$874 (11.53%)	$785 (24.20%)
3 BR	$12	$1,450	$1,367 (6.10%)	$1,208 (20.00%)
4+ BR	$12	$1,973	$1,865 (5.76%)	$1,632 (20.89%)

Historical Rents in Lubbock, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lubbock

There are a total of 1 cities nearby Lubbock. The average rent in Lubbock is currently $1,495 per month. Our records show that Wolfforth, TX, with an average rent of $1,495, is the most affordable city nearby. In contrast, the most expensive city near Lubbock, TX is Wolfforth, TX. Monthly rents here are on average $1,495 per month.

Let's compare Lubbock, TX's rent against other top cities nearby by bedroom size. Two bedrooms in Lubbock, TX are about 50.25% more affordable. Finally, rent for three bedrooms are about 10.34% more affordable. Want more information? Check out the top 1 cities near Lubbock, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Wolfforth, TX	N/A	N/A	$1,495	$1,495

Top Neighborhoods Near Lubbock

There are a total of 7 neighborhoods in or near Lubbock. Some of these neighborhoods include South Overton, Heart of Lubbock, and Wheelock and Monterey. We've included all of these top 7 neighborhoods in or near Lubbock, TX in the following chart.

The average rent for these 7 neighborhoods in or near Lubbock, TX is currently around $1,300 per month. A total of 6 neighborhoods have 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 Lubbock, South Overton has the most affordable average rent at $865 per month. Whereas, at $1,438 average rent per month, North by Northwest is the most expensive neighborhood in or near Lubbock. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Overton, Lubbock, TX	$705	$693	$900	$865
Heart of Lubbock, Lubbock, TX	N/A	$650	$975	$1,000
Wheelock and Monterey, Lubbock, TX	$13	$600	$1,000	$1,298
Maxey Park, Lubbock, TX	$450	$913	$995	$1,300
Slaton-Bean, Lubbock, TX	$900	$600	$895	$1,350
Tech Terrace- U.N.I.T., Lubbock, TX	N/A	$688	$1,198	$1,350
North by Northwest, Lubbock, TX	N/A	N/A	$1,350	$1,438

Top Counties Near Lubbock

There are a total of 7 counties located by Lubbock, TX. The average rent for rentals in these counties is $1,399. That's roughly around $12 per sqft. The county that is the most affordable is Lubbock, TX. It's average rent per month is $1,399. Vice versa, with an average rent of $1,399, Lubbock, TX is the most expensive county by Lubbock, TX.

Typically, rent for studios in Lubbock, TX is 1.44% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Lubbock, TX is on par with the other counties nearby. Finally, rent for two bedrooms in Lubbock, TX is 0.50% 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	$705	$675	$1,000	$1,399

Top Zipcodes Near Lubbock

There are a total of 12 zipcodes in or near Lubbock, TX. The average rent for all of these zipcodes is $1,350. A total of 6 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 $875 per month. In comparison, the zipcode with the most expensive average rent of $1,599 per month is 79382, Lubbock, TX.

Studios in these zipcodes have an average rent of $232. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lubbock, TX is $685 per month. Or in other words, $14 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,000 per month. Which comes out to $12 per sqft. The following chart includes the top 10 zipcodes in 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	$720	$1,000	$1,400
79424, Lubbock, TX	$1,200	$725	$1,050	$1,550
79423, Lubbock, TX	$1,600	$800	$1,350	$1,475
79407, Lubbock, TX	N/A	$715	$940	$1,500
79411, Lubbock, TX	$900	$625	$935	$1,025
79413, Lubbock, TX	$13	$600	$1,050	$1,400
79410, Lubbock, TX	$450	$675	$1,100	$1,300
79401, Lubbock, TX	$14	$695	$1,000	$875
79412, Lubbock, TX	$2,000	$650	$800	$898
79414, Lubbock, TX	N/A	$745	$935	$1,150

Frequently Asked Questions - Lubbock Average Rents

What is the average rent price in Lubbock, TX?

The average monthly rental price for Lubbock, TX apartments for rent is approximately $1,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Lubbock, TX.

How much is a studio apartment in Lubbock, TX?

The average monthly rental price for studio apartments is $695 and an average price per square feet of $11.80. There are a total of 45 studio apartment listings currently available for rent in Lubbock.

How much is a one bedroom apartment in Lubbock, TX?

The average monthly rental price for one bedroom apartments is $675 and an average price per square feet of $13.59. There are a total of 181 one bedroom apartment listings currently available for rent in Lubbock.

How much is a two bedroom apartment in Lubbock, TX?

The average monthly rental price for two bedroom apartments is $995 and an average price per square feet of $11.62. There are a total of 383 two bedroom apartment listings currently available for rent in Lubbock.

How have rent prices in Lubbock, TX changed this year?

Rent prices for rentals in Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by -0.49%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Lubbock, TX?

A reasonable rent price in Lubbock, TX is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.