Cheap Apartments for Rent in the Waters Neighborhood of Lubbock, TX from $400 (79 Rentals)

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

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Lubbock Square
Rent Specials
$718 - $1,368
Total Monthly Price

Total Monthly Price

Base Rent
$718 - $1,368
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Lubbock Square

4602 50th StLubbock, TX 79414
Student Housing
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  • 3D Tour

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 2101 51st St

$799

2 Bedroom Rentals

Available Now

2101 51st St

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
  • Utilities Included
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Coachlight Of Lubbock
Studio to 2 Bedroom Apartments

Coachlight Of Lubbock

7906 Indiana PlLubbock, TX 79423
  • Utilities Included
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The Loft Apartments
1 Bedroom Apartments

The Loft Apartments

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

Elara Villa on 51st

2301-2311 51st StLubbock, TX 79412
  • Utilities Included
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

5501 Utica AveLubbock, TX 79414
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4602-4644 52nd St
2 Bedroom Apartments

4602-4644 52nd St

4602-4644 52nd StLubbock, 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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Showing Results 1-50, Page 1 of 2

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. Sundowner has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Apartments1/11BR,1BA$615
SundownerEfficiencyStudio,1BA$625
The Boulders at LakeridgeR1 Floor Plan1BR,1BA$665
Courtyards At MontereyEfficiencyStudio,1BA$675
7410 Quaker Ave1/11BR,1BA$700
The Preserve at Prairie PointeThe Nest1BR,1BA$705
Aurora FlatsB31BR,1BA$750
Parkside ApartmentsA2P1BR,1BA$755
San RemyThe Lavender2BR,1BA$795

Best Value Apartments for Rent in Waters, TX

As of April 24, 2026 the best value apartment in the Waters area is the $0.90 price per square foot 2334 78th St Model at 2334 78th St, Unit 2 in the in the South Lubbock neighborhood starting from $1,395. The second greatest value Waters apartment is the 7410 Avenue X Model at 7410 Avenue X, Unit 401 starting at $800 with a $0.60 price per square foot in the South Lubbock 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.
2334 78th St, Unit 22334 78th St3BR,2.5BA$0.90
7410 Avenue X, Unit 4017410 Avenue X2BR,2BA$0.60
Reserves at South PlainsC3-MKT3BR,2BA$1.12
Waterside Village2 bedroom / 2 bathroom - standard2BR,2BA$0.86
Greenwood Apartments ALG2BR2BR,2BA$1.09
Lubbock SquareB12BR,1BA$1.05
San RemyThe Lavender1BR,1BA$1.06
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07
Courtyards At MontereyEfficiencyStudio ,1BA$1.09
6128 Avenue R Ave6128 Avenue R Ave1BR,1BA$1.08

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 $1,282.

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 12 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 $342 which is $940 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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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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.