Cheap Homes for Rent in Lorenzo, TX from $500 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Lorenzo.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Lorenzo, TX Local Guide

Cheapest Available Lorenzo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lorenzo, TX is a 1 Bed unit found at The Heritage Apartments in the North Lubbock neighborhood priced from $499. Crown Ridge Apartments in the East Lubbock neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Lorenzo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Heritage ApartmentsOne Bedroom/One Bath1BR,1BA$499
Crown Ridge Apartments1 Bedroom1BR,1BA$525
Cottonwood Apartments1/11BR,1BA$615
The QueE1Studio,1BA$625
Mary Jane ApartmentsStudio ApartmentStudio,1BA$650

Best Value Apartments for Rent in Lorenzo, TX and Nearby

As of June 21, 2026 the best value apartment in the Lorenzo area is the $0.74 price per square foot 4.2 Model at Cantibury Pointe Apartments in the in the North Lubbock neighborhood starting from $1,016. The second greatest value Lorenzo apartment is the 2C - Furnished Model at The Edge | Student Housing starting at $685 with a $0.56 price per square foot in the North Lubbock neighborhood. Here is today’s list of the best values for Lorenzo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cantibury Pointe Apartments4.24BR,2BA$0.74
The Edge | Student Housing2C - Furnished2BR,2BA$0.56
Cypress GroveRedwood3BR,2BA$1.06
Wildwood Lubbock2BR/2BA - Flat2BR,2BA$0.77
The Heritage ApartmentsTwo Bedroom/Two Bath2BR,2BA$0.99
Elliston Commons3 Bedroom3BR,1BA$0.99
Waterside Village1 bedroom / 1 bathroom Remodel1BR,1BA$0.93
Aurora FlatsC2BR,2BA$1.16
EmoryA31BR,1BA$1.09
Crown Ridge Apartments1 Bedroom1BR,1BA$0.85

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lorenzo

What type of rentals are currently available in Lorenzo?

There are currently 48 Apartments for Rent in Lorenzo, TX with pricing that ranges from $353 to $1,695. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorenzo ranging from $595 to $2,299.

What is the current price range for Rental Homes in Lorenzo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorenzo ranges from $595 to $2,299 with an average monthly rent of $1,290.

How much are larger Three and Four Bedroom Rentals in Lorenzo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lorenzo range from $550 to $1,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $2,250. Four Bedroom Single-Family rentals are also available starting from $795 and Four Bedroom Apartments start at $560.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.