Cheap Apartments for Rent in the Preston Smith Neighborhood of Lubbock, TX from $500 (18 Rentals)

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

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Preston Smith, Lubbock, TX Local Guide

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. The Boulders at Lakeridge 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
The Boulders at LakeridgeIP/IB Floor Plan1BR,1BA$650
Courtyards by the LakeOne Bedroom Small1BR,1BA$700
The EnclaveBrussels- A11BR,1BA$705
Hunters WayThe Melrose1BR,1BA$749

Best Value Apartments for Rent in Preston Smith, TX

As of November 23, 2025 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 3/2 R Model at Wyndham Apartments starting at $1,270 with a $1.10 price per square foot in the University Pines 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
Wyndham Apartments3/2 R3BR,2BA$1.10
Parkridge PlaceRegal2BR,2.5BA$0.83
Las ColinasEl Palacio2BR,1.5BA$0.84
Windsor Creek ApartmentsThe Sonoma2BR,2BA$1.02
Saddlewood Apartments2 Bedroom A Upgrade2BR,2BA$1.02
Woodcrest ApartmentsB12BR,2BA$1.02
Sagewood ApartmentsLarge 1 Bedroom1BR,1BA$1.00
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07
Courtyards by the LakeOne Bedroom Large1BR,1BA$1.13

Lubbock Student Life: A Local Expert's Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses

Our local expert Tours the Top Lubbock Student Friendly Neighborhoods Near Texas Tech, LCU, South Plains College, and Wayland Baptist

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Pet Friendly Lifestyle
Preston Smith, Lubbock, TX

Ranked #13

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Preston Smith Neighborhood in Lubbock, TX

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

8 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 The Boulders at Lakeridge.

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 $749 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

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.