
Cheap Homes for Rent in the Preston Smith Neighborhood of Lubbock, TX from $885 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Preston Smith area of Lubbock.


6705 Pontiac Ave, Unit A
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9708 Aberdeen Ave

5607 87th Pl
Rent According to Income: A Look at Income-Restricted Rentals
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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 | $885 | $885 | $885 |
| Preston Smith 3 Bedroom Homes for Rent | $1,621 | $1,475 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Quail Creek | B1 DN Upgraded end unit | 2BR,2BA | $0.78 |
| Parkridge Place | Noble | 2BR,2BA | $0.81 |
| Boulders At Lakeridge | c | 3BR,2BA | $1.15 |
| Las Colinas | El Palacio | 2BR,1.5BA | $0.84 |
| Parkside Apartments | B2P | 2BR,1BA | $1.04 |
| Saddlewood Apartments | 1 Bedroom C Upgrade | 1BR,1BA | $1.06 |
| The Fountains Apartments | Townhome | 1BR,1BA | $1.07 |
| Hunters Way | The Maple | 1BR,1BA | $1.10 |
| Crest at Cooper | Lennox | 1BR,1BA | $1.12 |
| 7410 Quaker Ave | 1/1 | 1BR,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

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.

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.

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.

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.