Average Rent in Tech Terrace- U.N.I.T., Lubbock, TX

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Current Versus Historical Tech Terrace- U.N.I.T., Lubbock, TX Rents

Tech Terrace- U.N.I.T. rentals average $650 for a 1-bedroom rental to $2,400 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $49 (8.87%) year-over-year from $551 to $600. 1-bedroom rentals prices have increased by $127 (17.51%) year-over-year from $723 to $850. 2-bedroom rentals prices have increased by $118 (10.38%) year-over-year from $1,133 to $1,250. 3-bedroom rentals prices have increased by $121 (7.20%) year-over-year from $1,679 to $1,800. 4-bedroom rentals prices have increased by $129 (5.45%) year-over-year from $2,371 to $2,500. 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 1.41% this month. 1-bedroom rents have gone up by 10.87% this month. 2-bedroom rents have gone down by 1.19% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 1.69% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.46	$850	$723 (17.51%)	$629 (35.10%)
2 BR	$1.24	$1,250	$1,133 (10.38%)	$1,132 (10.46%)
3 BR	$1.11	$1,800	$1,679 (7.20%)	$1,500 (20.00%)
4+ BR	$1.19	$2,500	$2,371 (5.45%)	$2,067 (20.97%)

Historical Rents in Tech Terrace- U.N.I.T., Lubbock, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Tech Terrace- U.N.I.T.

There are a total of 1 cities nearby Tech Terrace- U.N.I.T.. The average rent in Tech Terrace- U.N.I.T. 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 Tech Terrace- U.N.I.T., Lubbock, TX is Lubbock, TX. Monthly rents here are on average $1,395 per month.

Let's compare Tech Terrace- U.N.I.T., Lubbock, TX's rent against other top cities nearby by bedroom size. Typically, rent for studios in Tech Terrace- U.N.I.T., Lubbock, TX is inf% more affordable than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Tech Terrace- U.N.I.T., Lubbock, TX are about 24.40% more expensive. Finally, rent for three bedrooms are about 13.22% more expensive. Want more information? Check out the top 1 cities near Tech Terrace- U.N.I.T., Lubbock, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Lubbock, TX	$555	$650	$945	$1,395

Top Neighborhoods Near Tech Terrace- U.N.I.T.

There are a total of 1 neighborhoods in or near Tech Terrace- U.N.I.T.. We've included all of these top 1 neighborhoods in or near Tech Terrace- U.N.I.T., Lubbock, TX in the following chart.

The average rent for these 1 neighborhoods in or near Tech Terrace- U.N.I.T., Lubbock, TX is currently around $1,123 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Tech Terrace- U.N.I.T., Heart of Lubbock has the most affordable average rent at $1,123 per month. Whereas, at $1,123 average rent per month, Heart of Lubbock is the most expensive neighborhood in or near Tech Terrace- U.N.I.T.. 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

Top Counties Near Tech Terrace- U.N.I.T.

There are a total of 1 counties located by Tech Terrace- U.N.I.T., 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 Tech Terrace- U.N.I.T., Lubbock, TX.

Typically, rent for studios in Tech Terrace- U.N.I.T., Lubbock, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Tech Terrace- U.N.I.T., Lubbock, TX is on par with the other counties nearby. Finally, rent for two bedrooms in Tech Terrace- U.N.I.T., Lubbock, TX is 22.60% 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	$555	$650	$968	$1,400

Top Zipcodes Near Tech Terrace- U.N.I.T.

There are a total of 6 zipcodes in or near Tech Terrace- U.N.I.T., 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 $1,600 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 Tech Terrace- U.N.I.T., Lubbock, TX is $613 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,163 per month. Which comes out to $1 per sqft. The following chart includes the top 6 zipcodes in Tech Terrace- U.N.I.T., Lubbock, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
79410, Lubbock, TX	N/A	$650	$1,200	$1,375
79411, Lubbock, TX	N/A	$600	$968	$1,150
79416, Lubbock, TX	N/A	N/A	$1,200	$1,500
79424, Lubbock, TX	N/A	$728	$1,350	$1,600
79423, Lubbock, TX	N/A	N/A	$1,125	$1,450
79407, Lubbock, TX	N/A	$625	$1,125	$1,450

Frequently Asked Questions - Tech Terrace- U.N.I.T. Average Rents

What is the average rent price in Tech Terrace- U.N.I.T., Lubbock, TX?

The average monthly rental price for Tech Terrace- U.N.I.T., Lubbock, TX apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Tech Terrace- U.N.I.T., 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 Tech Terrace- U.N.I.T., Lubbock, TX.

How much is a studio apartment in Tech Terrace- U.N.I.T., 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 Tech Terrace- U.N.I.T..

How much is a one bedroom apartment in Tech Terrace- U.N.I.T., Lubbock, TX?

The average monthly rental price for one bedroom apartments is $650 and an average price per square feet of $1.46. There are a total of 7 one bedroom apartment listings currently available for rent in Tech Terrace- U.N.I.T..

How much is a two bedroom apartment in Tech Terrace- U.N.I.T., Lubbock, TX?

The average monthly rental price for two bedroom apartments is $1,250 and an average price per square feet of $1.24. There are a total of 10 two bedroom apartment listings currently available for rent in Tech Terrace- U.N.I.T..

How have rent prices in Tech Terrace- U.N.I.T., Lubbock, TX changed this year?

Rent prices for rentals in Tech Terrace- U.N.I.T., Lubbock, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.18%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Tech Terrace- U.N.I.T., Lubbock, TX?

A reasonable rent price in Tech Terrace- U.N.I.T., Lubbock, TX is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.