Cheap Apartments for Rent in the Downtown Lubbock Neighborhood of Lubbock, TX from $300 (316 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Lubbock area of Lubbock.

property at 2117 15th St

$575 - $875

1 To 2 Bedroom Rentals

Available Now

2117 15th St

LubbockTX79401

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.

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property at 1608 29th St

$595 - $750

1 To 2 Bedroom Rentals

Available Now

1608 29th St

LubbockTX79411
property at 3007 39th St

$600

1 Bedroom Rentals

Available Now

3007 39th St

LubbockTX79413
property at 2006 28th St

$600

1 Bedroom Rentals

Available Now

2006 28th St

LubbockTX79411

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.

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property at 2426 24th St

$625

1 Bedroom Rentals

Available Now

2426 24th St

LubbockTX79411

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1710 45th St

$650

2 Bedroom Rentals

Available Now

1710 45th St

LubbockTX79412

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2320 30th St

$675

1 Bedroom Rentals

Available Now

2320 30th St

LubbockTX79411
property at 2814 1st Pl

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695
Total Monthly Price
$695

2 Bedroom, 1 Bath Home for Rent

Available Now

2814 1st Pl

LubbockTX79415
property at 2814 1st Pl

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695
Total Monthly Price
$695

2 Bedroom, 1 Bath Home for Rent

Available Now

2814 1st Pl

LubbockTX79415

Local Expert's Inside Scoop: The Most Affordable Neighborhoods to Rent in Lubbock

Explore Lubbock's most affordable neighborhoods! A local expert shares an inside scoop on areas like West End and Downtown, covering cost of living, attractions, and more.

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Downtown Lubbock, Lubbock, TX Local Guide

Cheapest Available Downtown Lubbock Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lubbock area of Lubbock, TX is a 1 Bed unit found at The Heritage Apartments priced from $529. University Club Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $549. Here are the most affordable Downtown Lubbock apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
The Heritage ApartmentsOne Bedroom/One Bath1BR,1BA$529
University Club Apartments1 BR, 1 BA1BR,1BA$549
Dylan ApartmentsStudio1BR,1BA$600
WendoverDanburyStudio,1BA$605
Somerset ApartmentsEfficiencyStudio,1BA$610
Cottonwood Apartments1/11BR,1BA$615
The QueE1Studio,1BA$625
SundownerEfficiencyStudio,1BA$625
The Park1A1BR,1BA$628
The EstacadoA1Studio,1BA$649

Best Value Apartments for Rent in Downtown Lubbock, TX

As of May 31, 2026 the best value apartment in the Downtown Lubbock area is the $0.60 price per square foot D1D - 4x4 Penthouse Model at The Carlton House in the in the North Lubbock neighborhood starting from $829. The second greatest value Downtown Lubbock apartment is the Noble Model at Parkridge Place starting at $835 with a $0.76 price per square foot in the Outer North Inner Loop neighborhood. Here is today’s list of the best values for Downtown Lubbock apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Carlton HouseD1D - 4x4 Penthouse4BR,4BA$0.60
Parkridge PlaceNoble2BR,2BA$0.76
Las ColinasLa Hacienda2BR,1.5BA$0.85
Waterside Village2 bedroom / 2 bathroom - standard2BR,2BA$0.86
The Heritage ApartmentsTwo Bedroom/Two Bath2BR,2BA$0.94
Raiders WalkB1 Floor Plan2BR,2BA$0.68
Savannah Oaks Apartments2BR-2BA2BR,2BA$0.90
Courtyards by the LakeTwo Bedroom Villa2BR,1BA$0.92
Westridge ApartmentsTwo2BR,1BA$0.89
University Club Apartments1 BR, 1 BA1BR,1BA$0.93

Lubbock Student Life: A Local Expert's Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses

Our local expert Tours the Top Lubbock Student Friendly Neighborhoods Near Texas Tech, LCU, South Plains College, and Wayland Baptist

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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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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Lubbock, Lubbock, TX

Ranked #3

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Lubbock. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Lubbock Apartments

What is a cheap apartment in Downtown Lubbock?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lubbock is under $649.

What is the price of a cheap apartment in Downtown Lubbock?

The cheapest apartment in Downtown Lubbock is The Heritage Apartments which is listed at $529, while the average apartment in Downtown Lubbock costs $1,225.

What types of apartments are the cheapest in Downtown Lubbock?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 61 regular apartments in Downtown Lubbock that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Lubbock?

Cheap apartments in Downtown Lubbock have an average cost of $271 which is $954 cheaper than the average rent for all rentals in Downtown Lubbock.

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

decorative image for Lubbock Student Life: A Local Experts Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses article

Lubbock Student Life: A Local Experts Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses

Written by: Tiffany Clark

If you're planning to go to college in Lubbock, Texas, (or send your kiddo that way), I promise you won't go wrong with choosing this far-west little city in the Lone Star State.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.