Cheap Apartments for Rent in the Parkway And Cherry Point Neighborhood of Lubbock, TX from $300 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkway And Cherry Point area of Lubbock.

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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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Cheapest Available Parkway And Cherry Point Apartments for Rent

 

The cheapest available apartment rental in the Parkway And Cherry Point area of Lubbock, TX is a Studio unit found at Inn Town Lofts priced from $392. The Que has the second lowest priced unit, which is a Studio apartment currently listed from $484. Here are the most affordable Parkway And Cherry Point apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Inn Town LoftsStudio 572sfStudio,1BA$392
The QueE1Studio,1BA$484
Crown Ridge Apartments1 Bedroom1BR,1BA$525
Madison ParkOne Bedroom1BR,1BA$653
EmoryA21BR,1BA$674

Best Value Apartments for Rent in Parkway And Cherry Point, TX

As of April 14, 2026 the best value apartment in the Parkway And Cherry Point area is the $1.06 price per square foot Redwood Model at Cypress Grove in the in the North Lubbock neighborhood starting from $1,275. The second greatest value Parkway And Cherry Point apartment is the C2 Model at Estrada North starting at $1,377 with a $1.25 price per square foot in the East Lubbock neighborhood. Here is today’s list of the best values for Parkway And Cherry Point apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cypress GroveRedwood3BR,2BA$1.06
Estrada NorthC23BR,2BA$1.25
Guadalupe VillasB4-602BR,2BA$1.04
Elliston Commons3 Bedroom3BR,1BA$0.99
EmoryA31BR,1BA$1.09
Estrada SouthA11BR,1BA$1.21
Inn Town Lofts1 bed 702sf1BR,1BA$1.74
Crown Ridge Apartments1 Bedroom1BR,1BA$0.85
Madison ParkOne Bedroom1BR,1BA$1.07
The QueE2Studio ,1BA$1.91

Frequently Asked Questions about Cheap Parkway And Cherry Point Apartments

What is a cheap apartment in Parkway And Cherry Point?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway And Cherry Point is under $1,059.

What is the price of a cheap apartment in Parkway And Cherry Point?

The cheapest apartment in Parkway And Cherry Point is Inn Town Lofts which is listed at $414, while the average apartment in Parkway And Cherry Point costs $1,193.

What types of apartments are the cheapest in Parkway And Cherry Point?

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 24 regular apartments in Parkway And Cherry Point 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 Parkway And Cherry Point?

Cheap apartments in Parkway And Cherry Point have an average cost of $468 which is $725 cheaper than the average rent for all rentals in Parkway And Cherry Point.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.