Cheap Apartments for Rent in the Waters Neighborhood of Lubbock, TX from $475 (96 Rentals)

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

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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property at 7405 Waco Ave
$675
2 Bedroom Rentals
Available Now
Affordability

7405 Waco Ave

LubbockTX79423
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 9616 Boston Ave
$750
2 Bedroom Rentals
Available Now
Affordability

9616 Boston Ave

LubbockTX79423
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property at 1310 65th Dr
$750
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1310 65th Dr

LubbockTX79412
property at 4608 Belton Ave
$750
2 Bedroom Rentals
Available Now
Affordability

4608 Belton Ave

LubbockTX79413
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property at 1902 45th St
$775
2 Bedroom Rentals
Available Now
Affordability

1902 45th St

LubbockTX79412
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 7405 Avenue X
$825
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

7405 Avenue X

LubbockTX79423
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property at 8212 Vernon Ave
$850
2 Bedroom Rentals
Available Now
Affordability

8212 Vernon Ave

LubbockTX79423
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Brickstone Villas
Rent Specials
$903 - $1,183

Total Monthly Price

Base Rent$903 - $1,183
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Brickstone Villas

1606 82nd StLubbock, TX 79423
Furnished
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  • Customer Reviewed
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Ashwood Court
$990 - $1,115

Total Monthly Price

Base Rent$990 - $1,115
Total Monthly Price$990 - $1,115
1 to 2 Bedroom Apartments Available Now

Ashwood Court

2301 50th StLubbock, TX 79412
Affordability
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  • Customer Reviewed
  • Utilities Included
property at 3823 51st St
$995

Total Monthly Price

Base Rent$995
Total Monthly Price$995
2 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

3823 51st St, Unit B

3823 51st St
LubbockTX79413
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Lubbock Square
Rent Specials
$1,098 - $1,368

Total Monthly Price

Base Rent$1,098 - $1,368
Total Monthly PriceVaries
1 to 4 Bedroom Apartments Available Now

Lubbock Square

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

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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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 Studio unit found at Sundowner priced from $625. Boulders At Lakeridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
SundownerEfficiencyStudio,1BA$625
Boulders At Lakeridgeip1BR,1BA$650
Courtyards by the LakeOne Bedroom Small1BR,1BA$685
7410 Quaker Ave1/11BR,1BA$700
Waterside Village1 bedroom 1 bathroom1BR,1BA$735
PM2 - 1310 65th Drive2BR/1.0BA2BR,1BA$750
7402 Ave. X2BR/1.0BA2BR,1BA$750
Parkside ApartmentsA3P1BR,1BA$765
Lubbock Lakeway ApartmentsOne Bedroom1BR,1BA$775

Best Value Apartments for Rent in Waters, TX

As of September 07, 2026 the best value apartment in the Waters area is the $0.82 price per square foot Plan 1818 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,499. The second greatest value Waters apartment is the 2BR/1.0BA Model at PM2 - 1310 65th Drive starting at $750 with a $0.59 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$0.82
PM2 - 1310 65th Drive2BR/1.0BA2BR,1BA$0.59
Lubbock SquareC13BR,1.5BA$0.98
Waterside Village2 bedroom / 2 bathroom - WD upgraded2BR,2BA$0.92
MC 2406 46th Street2BR/1.0BA2BR,1BA$0.82
The Preserve at Prairie PointeThe Retreat1BR,1BA$1.03
7402 Ave. X2BR/1.0BA2BR,1BA$0.98
San RemyThe Lavender1BR,1BA$1.06
Parkside ApartmentsA3P1BR,1BA$1.05
1802 66th St, Unit 21802 66th St1BR,1BA$0.99

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Boulders At Lakeridge which is listed at $650, while the average apartment in Waters costs $950.

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 9 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 $283 which is $667 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

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

Written by: Tiffany Clark

Just south of the Texas Panhandle is the lesser-mentioned South Plains region of the Lone Star State. And that's where you'll find the humble little city of Lubbock.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.