Cheap Apartments for Rent in the Preston Smith Neighborhood of Lubbock, TX from $402 (47 Rentals)

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

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.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Stonebridge at Ironton
1 to 3 Bedroom Apartments

Stonebridge at Ironton

7010 Ironton AveLubbock, TX 79424
  • Utilities Included
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Coachlight Of Lubbock
Studio to 2 Bedroom Apartments

Coachlight Of Lubbock

7906 Indiana PlLubbock, TX 79423
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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
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4602-4644 52nd St
2 Bedroom Apartments

4602-4644 52nd St

4602-4644 52nd StLubbock, TX 79414
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Tuscany Place
1 to 2 Bedroom Apartments

Tuscany Place

6312 73rd StLubbock, TX 79424

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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Ranch at Vintage
3 to 4 Bedroom Apartments

Ranch at Vintage

12128 Savannah AveLubbock, TX 79424
Showing Results 1-47, 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
Courtyards by the LakeOne Bedroom Small1BR,1BA$685
7410 Quaker Ave1/11BR,1BA$700
Woodcrest ApartmentsE11BR,1BA$735
Parkside ApartmentsA2P1BR,1BA$755
Lubbock Lakeway ApartmentsOne Bedroom1BR,1BA$775
Hunters WayThe Cyprus1BR,1BA$790
Crest at CooperLennox1BR,1BA$825

Best Value Apartments for Rent in Preston Smith, TX

As of August 24, 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 PlaceNoble2BR,2BA$0.81
Boulders At Lakeridgec3BR,2BA$1.15
Las ColinasEl Palacio2BR,1.5BA$0.84
Stonebridge at Ironton2x22BR,2BA$0.94
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
The Fountains ApartmentsTownhome1BR,1BA$1.07
Hunters WayThe Maple1BR,1BA$1.11
Crest at CooperLennox1BR,1BA$1.12

Frequently Asked Questions about Cheap Preston Smith Apartments

How much is rent for a Cheap One Bedroom Preston Smith Apartment?

The lowest price for a Cheap One Bedroom Preston Smith Apartment is $650 at Birchwood Apartments.

What is the lowest price for a Cheap Two Bedroom Preston Smith Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Preston Smith is starting from $789 at Courtyards by the Lake.

What is the most affordable Preston Smith Three Bedroom Apartment?

The best deal on a cheap Preston Smith Three Bedroom Apartment rental is at Lubbock Lakeway Apartments and starts from $989.

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 Local Expert's Inside Scoop: The Most Affordable Neighborhoods to Rent in Lubbock article

Local Expert's Inside Scoop: The Most Affordable Neighborhoods to Rent in Lubbock

Written by: Tiffany Clark

Just south of the Texas Panhandle is the lesser-mentioned South Plains region of the Lone Star State. And that's where you'll find the humble little city of Lubbock.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.