Cheap Homes for Rent in the Preston Smith Neighborhood of Lubbock, TX from $885 (4 Rentals)

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Search the lowest-cost Homes 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.

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.

Best Value Apartments for Rent in Preston Smith, TX

As of August 31, 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 Noble Model at Parkridge Place starting at $890 with a $0.81 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
Parkridge PlaceNoble2BR,2BA$0.81
Boulders At Lakeridgec3BR,2BA$1.15
Las ColinasEl Palacio2BR,1.5BA$0.84
Parkside ApartmentsB2P2BR,1BA$1.04
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
The Fountains ApartmentsTownhome1BR,1BA$1.07
Hunters WayThe Maple1BR,1BA$1.10
Crest at CooperLennox1BR,1BA$1.12
7410 Quaker Ave1/11BR,1BA$1.17

Frequently Asked Questions about Preston Smith

What type of rentals are currently available in Preston Smith?

There are currently 65 Apartments for Rent in Preston Smith, TX with pricing that ranges from $625 to $3,295. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Smith ranging from $885 to $1,850.

What is the current price range for Rental Homes in Preston Smith?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston Smith ranges from $885 to $1,850 with an average monthly rent of $1,621.

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.