Cheap Apartments for Rent in the Preston Smith Neighborhood of Lubbock, TX from $400 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-32, Page 1 of 1

Cheapest Available Preston Smith Apartments for Rent

 

The cheapest available apartment rental in the Preston Smith area of Lubbock, TX is a 1 Bed unit found at Stonebridge at Ironton priced from $409. Sundowner has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Preston Smith apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Stonebridge at Ironton1 Bedroom 1 Bathroom A11BR,1BA$409
SundownerEfficiencyStudio,1BA$625
Birchwood ApartmentsBirchwood Apartments – RENOVATED Small 1 Bedroo...1BR,1BA$650
The Boulders at LakeridgeR1 Floor Plan1BR,1BA$665
Woodcrest ApartmentsE11BR,1BA$740
Parkside ApartmentsA2P1BR,1BA$755
Hunters WayThe Cyprus1BR,1BA$760
The Fountains ApartmentsFlat1BR,1BA$799
Crest at CooperLennox1BR,1BA$799
Quail CreekA11BR,1BA$825

Best Value Apartments for Rent in Preston Smith, TX

As of April 10, 2026 the best value apartment in the Preston Smith area is the $0.80 price per square foot Regal Model at Parkridge Place in the in the Outer North Inner Loop neighborhood starting from $900. The second greatest value Preston Smith apartment is the La Hacienda Model at Las Colinas starting at $925 with a $0.88 price per square foot in the Outer North Inner Loop neighborhood. Here is today’s list of the best values for Preston Smith apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkridge PlaceRegal2BR,2.5BA$0.80
Las ColinasLa Hacienda2BR,1.5BA$0.88
Wyndham Apartments2/2 R2BR,2BA$1.12
Quail CreekA1-1bd Upgraded1BR,1BA$0.88
Sagewood Apartments2 Bedroom2BR,2BA$0.91
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
Stonebridge at Ironton1 Bedroom 1 Bathroom A11BR,1BA$0.51
Hunters WayThe Cyprus1BR,1BA$1.01
Crest at CooperLennox1BR,1BA$1.09
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07

Frequently Asked Questions about Cheap Preston Smith Apartments

What is the price of a cheap apartment in Preston Smith?

The cheapest apartment in Preston Smith is Stonebridge at Ironton which is listed at $409, while the average apartment in Preston Smith costs $2,967.

What types of apartments are the cheapest in Preston Smith?

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 9 regular apartments in Preston Smith 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 Preston Smith?

Cheap apartments in Preston Smith have an average cost of $157 which is $2,810 cheaper than the average rent for all rentals in Preston Smith.

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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.