Cheap Homes for Rent in Preston Smith Neighborhood of Lubbock, TX from $800 (4 Rentals)

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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.

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.

Best Value Apartments for Rent in Preston Smith, TX

As of April 10, 2026 the best value apartment in the Preston Smith area is the $0.80 price per square foot Regal Model at Parkridge Place in the in the Outer North Inner Loop neighborhood starting from $900. The second greatest value Preston Smith apartment is the La Hacienda Model at Las Colinas starting at $925 with a $0.88 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.
Parkridge PlaceRegal2BR,2.5BA$0.80
Las ColinasLa Hacienda2BR,1.5BA$0.88
Wyndham Apartments2/2 R2BR,2BA$1.12
Quail CreekA1-1bd Upgraded1BR,1BA$0.88
Sagewood Apartments2 Bedroom2BR,2BA$0.91
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
Stonebridge at Ironton1 Bedroom 1 Bathroom A11BR,1BA$0.51
Hunters WayThe Cyprus1BR,1BA$1.01
Crest at CooperLennox1BR,1BA$1.09
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07

Frequently Asked Questions about Preston Smith

What type of rentals are currently available in Preston Smith?

There are currently 30 Apartments for Rent in Preston Smith, TX with pricing that ranges from $625 to $5,309. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Smith ranging from $899 to $2,050.

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 $899 to $2,050 with an average monthly rent of $1,436.

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 Lubbock Student Life: A Local Experts Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.