Cheap Apartments for Rent in the Preston Smith Neighborhood of Lubbock, TX from $400 (48 Rentals)

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

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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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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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Coachlight Of Lubbock
Studio to 2 Bedroom Apartments

Coachlight Of Lubbock

7906 Indiana PlLubbock, TX 79423
  • Utilities Included
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The Loft Apartments
1 Bedroom Apartments

The Loft Apartments

4614 67th StLubbock, TX 79414
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

5501 Utica AveLubbock, TX 79414
  • Utilities Included

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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4602-4644 52nd St
2 Bedroom Apartments

4602-4644 52nd St

4602-4644 52nd StLubbock, TX 79414
  • Utilities Included
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Courtyard Villas
1 to 2 Bedroom Apartments

Courtyard Villas

4619 66th StLubbock, TX 79414
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7410 Quaker Ave
1 to 2 Bedroom Apartments

7410 Quaker Ave

7410 Quaker AveLubbock, TX 79424
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Parkside Apartments
2 to 3 Bedroom Apartments

Parkside Apartments

4601 52nd StLubbock, TX 79414
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Arbor Oaks
2 Bedroom Apartments

Arbor Oaks

5202 Kenosha AveLubbock, TX 79413

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Tuscany Place
1 to 2 Bedroom Apartments

Tuscany Place

6312 73rd StLubbock, TX 79424
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Ranch at Vintage
3 to 4 Bedroom Apartments

Ranch at Vintage

12128 Savannah AveLubbock, TX 79424
Showing Results 1-48, 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 Studio unit found at Sundowner priced from $625. Birchwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Preston Smith apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
SundownerEfficiencyStudio,1BA$625
Birchwood ApartmentsRenovated Small 1 Bedroom · 1 Bath Apartment 1s...1BR,1BA$650
Boulders At Lakeridgeip1BR,1BA$650
7410 Quaker Ave1/11BR,1BA$700
Stonebridge at Ironton1 Bedroom 1 Bathroom A11BR,1BA$714
Parkside ApartmentsA1P1BR,1BA$745
Courtyards by the LakeTwo Bedroom Large2BR,1BA$749
Woodcrest ApartmentsA11BR,1BA$750
The EnclaveBrussels1BR,1BA$760
Lubbock Lakeway ApartmentsOne Bedroom1BR,1BA$775

Best Value Apartments for Rent in Preston Smith, TX

As of July 09, 2026 the best value apartment in the Preston Smith area is the $0.78 price per square foot B1 DN Upgraded end unit Model at Quail Creek in the in the Outer North Inner Loop neighborhood starting from $940. The second greatest value Preston Smith apartment is the The Windsor Model at Windsor Creek Apartments starting at $1,250 with a $1.06 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.
Quail CreekB1 DN Upgraded end unit2BR,2BA$0.78
Windsor Creek ApartmentsThe Windsor2BR,2BA$1.06
Parkridge PlaceRegal2BR,2.5BA$0.83
Las ColinasLa Hacienda2BR,1.5BA$0.88
Crest at CooperStetson2BR,2.5BA$1.05
Sagewood Apartments2 Bedroom2BR,2BA$0.91
Hunters WayThe Willow2BR,2BA$1.04
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
Courtyards by the LakeTwo Bedroom Villa2BR,1BA$0.92
Stonebridge at Ironton1 Bedroom 1 Bathroom A11BR,1BA$0.90

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 Birchwood Apartments which is listed at $650, while the average apartment in Preston Smith costs $1,362.

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 $126 which is $1,236 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 Expert's Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses article

Lubbock Student Life: A Local Expert's 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.