
Cheap Homes for Rent in Preston Smith Neighborhood of Lubbock, TX from $1,000 (3 Rentals)
Search the lowest-cost Homes 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.

9610 Elmwood Ave
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.

5560 93rd St
Preston Smith, Lubbock, TX Local Guide

How much does it cost to rent a home in Preston Smith?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Smith 2 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
| Preston Smith 3 Bedroom Homes for Rent | $1,663 | $1,395 | $2,200 |
| Preston Smith 4 Bedroom Homes for Rent | $1,812 | $1,700 | $1,925 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Preston Smith Neighborhood of Lubbock, TX.
Explore Lubbock
Best Value Apartments for Rent in Preston Smith, TX
As of May 25, 2026 the best value apartment in the Preston Smith area is the $0.75 price per square foot B2 TH Upgraded Model at Quail Creek in the in the Outer North Inner Loop neighborhood starting from $980. The second greatest value Preston Smith apartment is the Noble Model at Parkridge Place starting at $835 with a $0.76 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Quail Creek | B2 TH Upgraded | 2BR,2.5BA | $0.75 |
| Parkridge Place | Noble | 2BR,2BA | $0.76 |
| Las Colinas | La Hacienda | 2BR,1.5BA | $0.85 |
| The Enclave | Monte Carlo | 2BR,2BA | $1.10 |
| Crest at Cooper | Stetson | 2BR,2.5BA | $1.05 |
| Sagewood Apartments | 2 Bedroom | 2BR,2BA | $0.91 |
| Parkside Apartments | B2P | 2BR,1BA | $1.04 |
| Hunters Way | The Willow | 2BR,2BA | $1.03 |
| Stonebridge at Ironton | 1 Bedroom 1 Bathroom A1 | 1BR,1BA | $0.90 |
| The Boulders at Lakeridge | T Floor Plan | 1BR,1BA | $1.07 |
Frequently Asked Questions about Preston Smith
What type of rentals are currently available in Preston Smith?
There are currently 33 Apartments for Rent in Preston Smith, TX with pricing that ranges from $625 to $3,495. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Smith ranging from $1,000 to $2,200.
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 $1,000 to $2,200 with an average monthly rent of $1,491.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.