Cheap Homes for Rent in Preston Smith Neighborhood of Lubbock, TX from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Preston Smith area of Lubbock.

9605 Dover Ave

Furnished Studio-Lubbock - Southwest
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.

12007 Essex Ave

5517 89th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 3 Bedroom Homes for Rent | $1,585 | $1,200 | $1,800 |
| Preston Smith 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Preston Smith Neighborhood of Lubbock, TX.
Explore Lubbock
Cheapest Available Preston Smith Apartments for Rent
 The cheapest available apartment rental in the Preston Smith area of Lubbock, TX is a 1 Bed unit found at Stonebridge at Ironton priced from $409. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebridge at Ironton | 1 Bedroom 1 Bathroom A1 | 1BR,1BA | $409 |
| The Boulders at Lakeridge | IP/IB Floor Plan | 1BR,1BA | $650 |
| Courtyards by the Lake | One Bedroom Small | 1BR,1BA | $700 |
Best Value Apartments for Rent in Preston Smith, TX
As of January 02, 2026 the best value apartment in the Preston Smith area is the $0.78 price per square foot B1 upstairs complete upgrade 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 Regal Model at Parkridge Place starting at $935 with a $0.83 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 upstairs complete upgrade | 2BR,2BA | $0.78 |
| Parkridge Place | Regal | 2BR,2.5BA | $0.83 |
| Windsor Creek Apartments | The Sonoma | 2BR,2BA | $1.02 |
| Las Colinas | La Hacienda | 2BR,1.5BA | $0.88 |
| Saddlewood Apartments | 2 Bedroom A Upgrade | 2BR,2BA | $1.03 |
| Stonebridge at Ironton | 1 Bedroom 1 Bathroom A1 | 1BR,1BA | $0.51 |
| Crest at Cooper | Lennox | 1BR,1BA | $1.12 |
| Sundowner | Loft | 1BR,1BA | $1.03 |
| The Boulders at Lakeridge | T Floor Plan | 1BR,1BA | $1.07 |
| Courtyards by the Lake | One Bedroom Large | 1BR,1BA | $1.13 |
Frequently Asked Questions about Preston Smith
What type of rentals are currently available in Preston Smith?
There are currently 66 Apartments for Rent in Preston Smith, TX with pricing that ranges from $550 to $3,495. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Smith ranging from $1,200 to $1,800.
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 $1,200 to $1,800 with an average monthly rent of $1,692.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

