Cheap Homes for Rent in Parkway And Cherry Point Neighborhood of Lubbock, TX from $500 (3 Rentals)

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

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.

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

As of April 25, 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
Elliston Commons3 Bedroom3BR,1BA$0.99
EmoryA31BR,1BA$1.09
Estrada SouthA11BR,1BA$1.21
Inn Town Lofts1 bed 702sf1BR,1BA$1.71
Crown Ridge Apartments1 Bedroom1BR,1BA$0.85
Madison ParkOne Bedroom1BR,1BA$1.07
Park Tower ApartmentsEfficiency-Small1BR,1BA$1.93
The QueE2Studio ,1BA$1.91

Frequently Asked Questions about Parkway And Cherry Point

What type of rentals are currently available in Parkway And Cherry Point?

There are currently 22 Apartments for Rent in Parkway And Cherry Point, TX with pricing that ranges from $353 to $1,695. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway And Cherry Point ranging from $575 to $1,600.

What is the current price range for Rental Homes in Parkway And Cherry Point?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway And Cherry Point ranges from $575 to $1,600 with an average monthly rent of $1,099.

How much are larger Three and Four Bedroom Rentals in Parkway And Cherry Point?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkway And Cherry Point range from $695 to $1,695, while Three Bedroom Homes, Condos, and Townhomes for rent range from $575 to $1,350. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $944.

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 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.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.