Average Rent in Lubbock, TX

Home  »  TX  »  Lubbock

Current Versus Historical Lubbock, TX Rents

Lubbock rentals average $620 for a studio rental to $2,000 for a 4-bedroom rental. The median price of all currently available listings is $1,375, or roughly $1 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $233 (63.49%) year-over-year from $367 to $600. 1-bedroom rentals prices have decreased by $23 (-3.47%) year-over-year from $673 to $650. 2-bedroom rentals prices have increased by $13 (1.46%) year-over-year from $912 to $925. 3-bedroom rentals prices have increased by $59 (4.22%) year-over-year from $1,391 to $1,450. 4-bedroom rentals prices have increased by $92 (4.60%) year-over-year from $2,007 to $2,099. 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 1.84% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 2.21% this month. 3-bedroom rents have gone up by 3.57% this month. 4-bedroom rents have gone up by 7.75% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $0.95 $600 $367 (63.49%) $995 (-39.68%)
1 BR $1.11 $650 $673 (-3.47%) $600 (8.33%)
2 BR $0.99 $925 $912 (1.46%) $813 (13.73%)
3 BR $1.00 $1,450 $1,391 (4.22%) $1,296 (11.90%)
4+ BR $1.02 $2,099 $2,007 (4.60%) $1,940 (8.20%)

Historical Rents in Lubbock, TX

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Lubbock



Let's compare Lubbock, TX's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Lubbock

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

The average rent for these 2 neighborhoods in or near Lubbock, TX is currently around $1,425 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. Interestingly, the neighborhoods' average rent is higher than Lubbock's average rent, which is only $1,375. Out of all the neighborhoods in or near Lubbock, Heart of Lubbock has the most affordable average rent at $1,125 per month. Whereas, at $1,725 average rent per month, Tech Terrace- U.N.I.T. is the most expensive neighborhood in or near Lubbock. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Heart of Lubbock, Lubbock, TX N/A $575 $985 $1,125
Tech Terrace- U.N.I.T., Lubbock, TX N/A $798 $1,350 $1,725

Top Counties Near Lubbock

There are a total of 2 counties located by Lubbock, TX. The average rent for rentals in these counties is $1,400. That's roughly around $1 per sqft. 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 Lubbock, TX.

Typically, rent for studios in Lubbock, TX is on par with the 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 2.63% 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 $620 $650 $975 $1,400

Top Zipcodes Near Lubbock

There are a total of 7 zipcodes in or near Lubbock, TX. The average rent for all of these zipcodes is $1,450.

The following chart includes the top 7 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 N/A $795 $925 $1,450
79424, Lubbock, TX N/A $630 $1,025 $1,600
79423, Lubbock, TX N/A N/A $1,175 $1,450
79413, Lubbock, TX N/A $575 $895 $1,425
79410, Lubbock, TX N/A $715 $1,263 $1,425
79407, Lubbock, TX N/A N/A $1,100 $1,525
79411, Lubbock, TX N/A $600 $975 $1,100

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 $1,375. 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 $620 and an average price per square feet of $0.95. There are a total of 3 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 $650 and an average price per square feet of $1.11. There are a total of 53 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 $950 and an average price per square feet of $0.99. There are a total of 151 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 0.63%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Lubbock, TX?
A reasonable rent price in Lubbock, TX is around $1,100/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast