Cheap Homes for Rent in Downtown Lubbock Neighborhood of Lubbock, TX from $500 (183 Rentals)

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

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 2118 27th St

2118 27th St

LubbockTX79411
property at 2405 22nd Pl

2405 22nd Pl

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 3205 33rd St

3205 33rd St

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property at 1504 28th St

1504 28th St

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 4002 36th St

4002 36th St

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property at 2208 20th St

2208 20th St

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property at 213 36th St

213 36th St

LubbockTX79404

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 3018 29th St

3018 29th St

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property at 2328 62nd St

2328 62nd St

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property at 2217 24th St

2217 24th St

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property at 2316 62nd St

2316 62nd St

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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 4 Beds unit found at Centre Suites I priced from $500. Birchwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here are the most affordable Downtown Lubbock apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Centre Suites I4x3.54BR,3BA$500
Birchwood ApartmentsSmall 1 Bedroom 1 Bath Apartment | FREE Applica...1BR,1BA$550
New West Apartments1 Bed, 1 bath1BR,1BA$550
WendoverDanburyStudio,1BA$590
Cottage Point ApartmentsNO DEPOSIT NO UTILITIES IN YOUR NAME- COTTAGE P...Studio,1BA$595
3215-3218 35th St1 Beds, 1 Baths1BR,1BA$599
University Club Apartments1 BR, 1 BA1BR,1BA$599
The Heritage ApartmentsOne Bedroom/One Bath1BR,1BA$599
Dylan ApartmentsStudio1BR,1BA$600
The Park1A1BR,1BA$604

Best Value Apartments for Rent in Downtown Lubbock, TX

As of June 20, 2025 the best value apartment in the Downtown Lubbock area is the $0.82 price per square foot Plan 1818 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,499. The second greatest value Downtown Lubbock apartment is the 3 Beds, 2 baths Model at Hoff Gardens starting at $1,150 with a $0.74 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.
Del Estrado TownhomesPlan 18183BR,2.5BA$0.82
Hoff Gardens3 Beds, 2 baths3BR,2BA$0.74
The Bloc3BR/3BA3BR,3BA$0.53
Parkridge PlaceRegal2BR,2.5BA$0.83
Las ColinasLa Hacienda2BR,1.5BA$0.88
The Collective at Lubbock2x2 Townhome2BR,2BA$0.81
5802-5804 6th St2 Beds, 1.5 Baths2BR,1.5BA$0.82
2216 17th St, Unit A2216 17th St2BR,1BA$0.93
2204 35th St, Unit 2204 35th St2204 35th St2BR,1BA$0.86
Westridge ApartmentsUpdated 2/12BR,1BA$0.89

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Downtown Lubbock

What type of rentals are currently available in Downtown Lubbock?

There are currently 461 Apartments for Rent in Downtown Lubbock, TX with pricing that ranges from $459 to $2,600. There are also 527 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lubbock ranging from $500 to $2,800.

What is the current price range for Rental Homes in Downtown Lubbock?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lubbock ranges from $500 to $2,800 with an average monthly rent of $1,465.

How much are larger Three and Four Bedroom Rentals in Downtown Lubbock?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lubbock range from $499 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $459.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.