Cheap Apartments for Rent in the Waters Neighborhood of Lubbock, TX from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waters area of Lubbock.

property at 2613 25th St

$600 - $2,550

1 To 4 Bedroom Rentals

Available Now

2613 25th St

LubbockTX79410

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.

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property at 5005 Avenue W

$749 - $799

2 Bedroom Rentals

Available Now

5005 Avenue W

LubbockTX79412

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.

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Village Square
2 Bedroom Apartments

Village Square

6517 Avenue TLubbock, TX 79412
  • Utilities Included

Local Expert's Inside Scoop: The Most Affordable Neighborhoods to Rent in Lubbock

Explore Lubbock's most affordable neighborhoods! A local expert shares an inside scoop on areas like West End and Downtown, covering cost of living, attractions, and more.

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Le Bass Apartments
1 to 2 Bedroom Apartments

Le Bass Apartments

6512 Avenue RLubbock, TX 79412
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Coachlight Of Lubbock
Studio to 2 Bedroom Apartments

Coachlight Of Lubbock

7906 Indiana PlLubbock, TX 79423
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The Loft Apartments
1 Bedroom Apartments

The Loft Apartments

4614 67th StLubbock, TX 79414
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Elara Villa on 51st
1 to 2 Bedroom Apartments

Elara Villa on 51st

2301-2311 51st StLubbock, TX 79412
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Quaker Terrace
1 to 2 Bedroom Apartments

Quaker Terrace

7410 Quaker AveLubbock, TX 79424
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

5501 Utica AveLubbock, TX 79414
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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4602-4644 52nd St
2 Bedroom Apartments

4602-4644 52nd St

4602-4644 52nd StLubbock, TX 79414
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Courtyard Villas
1 to 2 Bedroom Apartments

Courtyard Villas

4619 66th StLubbock, TX 79414
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5005 Avenue W
2 Bedroom Apartments

5005 Avenue W

5005 Avenue WLubbock, TX 79412
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6909-6918 Fremont Ave
2 Bedroom Apartments

6909-6918 Fremont Ave

6909-6918 Fremont AveLubbock, TX 79413
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1312 65th Dr
Studio to 1 Bedroom Apartments

1312 65th Dr

1312 65th DrLubbock, TX 79412

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, Page 1 of 1

Waters, Lubbock, TX Local Guide

Cheapest Available Waters Apartments for Rent

 

The cheapest available apartment rental in the Waters area of Lubbock, TX is a 1 Bed unit found at Cottonwood Apartments priced from $615. The Boulders at Lakeridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Apartments1/11BR,1BA$615
The Boulders at LakeridgeR1 Floor Plan1BR,1BA$665
Lubbock SquareA11BR,1BA$676
Courtyards by the LakeOne Bedroom Small1BR,1BA$700
SundownerLoft1BR,1BA$725
Parkside ApartmentsA2P1BR,1BA$755
Lubbock Lakeway ApartmentsOne Bedroom1BR,1BA$775
Courtyards At Monterey1 BD/1 BA1BR,1BA$795
Waterside Village2 bedroom / 2 bathroom - standard2BR,2BA$825

Best Value Apartments for Rent in Waters, TX

As of January 14, 2026 the best value apartment in the Waters area is the $0.77 price per square foot Plan 1818 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,399. The second greatest value Waters apartment is the C3-MKT Model at Reserves at South Plains starting at $1,337 with a $1.12 price per square foot in the University Pines neighborhood. Here is today’s list of the best values for Waters apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Del Estrado TownhomesPlan 18183BR,2.5BA$0.77
Reserves at South PlainsC3-MKT3BR,2BA$1.12
Greenwood Apartments ALG2BR2BR,2BA$1.09
Saddlewood Apartments2 Bedroom A Upgrade2BR,2BA$1.03
The PavilionRenovated 2 Bed 1.5 Bath2BR,1.5BA$1.07
Courtyards At Monterey1 BD/1 BA1BR,1BA$1.08
SundownerLoft1BR,1BA$1.03
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07
Lubbock SquareA11BR,1BA$1.04
6128 Avenue R Ave6128 Avenue R Ave1BR,1BA$1.12

Lubbock Student Life: A Local Expert's Guide to Top Neighborhoods to Rent Near Tech and Other Local Campuses

Our local expert Tours the Top Lubbock Student Friendly Neighborhoods Near Texas Tech, LCU, South Plains College, and Wayland Baptist

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Waters, Lubbock, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Waters Apartments

What is the price of a cheap apartment in Waters?

The cheapest apartment in Waters is Cottonwood Apartments which is listed at $615, while the average apartment in Waters costs $1,695.

What types of apartments are the cheapest in Waters?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Waters that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waters?

Cheap apartments in Waters have an average cost of $214 which is $1,481 cheaper than the average rent for all rentals in Waters.

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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.