
Cheap Homes for Rent in the Preston Smith Neighborhood of Lubbock, TX from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Preston Smith area of Lubbock.


4644 52nd St, Unit B

9608 Elmwood Ave
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.

5564 93rd St

8207 Memphis Ave, Unit B

6708 Oakridge Ave, Unit B
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.
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 | $1,124 | $899 | $1,350 |
| Preston Smith 3 Bedroom Homes for Rent | $1,698 | $1,625 | $1,795 |
| Preston Smith 4 Bedroom Homes for Rent | $1,858 | $1,700 | $1,950 |
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 Studio unit found at Sundowner priced from $625. Birchwood Apartments 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 |
|---|---|---|---|
| Sundowner | Efficiency | Studio,1BA | $625 |
| Birchwood Apartments | Renovated Small 1 Bedroom · 1 Bath Apartment 1s... | 1BR,1BA | $650 |
| Boulders At Lakeridge | ip | 1BR,1BA | $650 |
Best Value Apartments for Rent in Preston Smith, TX
As of July 09, 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 The Windsor Model at Windsor Creek Apartments starting at $1,250 with a $1.06 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 |
| Windsor Creek Apartments | The Windsor | 2BR,2BA | $1.06 |
| Parkridge Place | Regal | 2BR,2.5BA | $0.83 |
| Las Colinas | La Hacienda | 2BR,1.5BA | $0.88 |
| Crest at Cooper | Stetson | 2BR,2.5BA | $1.05 |
| Sagewood Apartments | 2 Bedroom | 2BR,2BA | $0.91 |
| Hunters Way | The Willow | 2BR,2BA | $1.04 |
| Saddlewood Apartments | 1 Bedroom C Upgrade | 1BR,1BA | $1.06 |
| Courtyards by the Lake | Two Bedroom Villa | 2BR,1BA | $0.92 |
| Stonebridge at Ironton | 1 Bedroom 1 Bathroom A1 | 1BR,1BA | $0.90 |
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 $625 to $3,295. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston Smith ranging from $899 to $1,950.
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 $1,950 with an average monthly rent of $1,560.
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 Expert's 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.