Catalina West
3420 Milwaukee Ave,
Lubbock, TX 79407
1-3 Beds | $1,279 - 2,199
Rental Market Trends in Lubbock, TX
What is the average rent in Lubbock, TX?
$848/month
Average Rent
668 Sq Ft
Average Apartment Size
+0.5%
Increase in the Last Year
As of November 2024, the average rent in Lubbock, TX is $848 per month. This is 46% lower than the national average rent of $1,559/month, making renting in Lubbock more affordable than most cities in the US. When you rent an apartment in Lubbock, you can expect to pay about $640 per month for a studio, $848 for a one-bedroom apartment, and around $985 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,255 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lubbock, TX?
In the past year, rent has increased by 0.5%, which averages out to $5 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Lubbock, TX
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
28%
Below $700/month
46%
$700 - $1,000/month
22%
$1,001 - $1,500/month
2%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lubbock?
Based on current rent prices, Heart Of Lubbock, Coronado Area and Bayless Atkins are the most affordable neighborhoods in Lubbock.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lubbock?
Based on current rent prices, North Overton, Maxey Park and North By Northwest are the most expensive neighborhoods in Lubbock.
Neighborhood
Average Rent
Average Sq Ft
Which Lubbock neighborhoods have the most rentals available?
The neighborhoods in Lubbock with the most apartments available are Downtown Lubbock, Northwest Lubbock and Wester .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lubbock, TX?
Because the average rent in Lubbock is $848, you’ll want to make about $2,826 per month or $33,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lubbock, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Lubbock, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
$473/month
Two Bedroom
$815/month
$1,631/month
Three Bedroom
-
-
Nearby City Rent Trends
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Property Management Companies in Lubbock, TX
Tigris Holdings, LLC
-
18
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4,145
Units
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4
Cities
9 Communities in Lubbock
Capstone Real Estate
-
51
Communities
-
10,393
Units
-
27
Cities
6 Communities in Lubbock
Monarch Investment and Management Group
-
302
Communities
-
73,894
Units
-
137
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4 Communities in Lubbock
Tarantino
-
59
Communities
-
10,085
Units
-
36
Cities
4 Communities in Lubbock
Stellar Development Company
-
16
Communities
-
3,145
Units
-
10
Cities
4 Communities in Lubbock
Anywhere
-
11
Communities
-
499
Units
-
8
Cities
4 Communities in Lubbock
Cushman & Wakefield
-
559
Communities
-
139,184
Units
-
279
Cities
2 Communities in Lubbock
Cardinal Group Management and Advisory, LLC
-
164
Communities
-
35,602
Units
-
88
Cities
2 Communities in Lubbock
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.