Cheap Apartments for Rent in the Waters Neighborhood of Lubbock, TX from $400 (77 Rentals)

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

property at 1710 45th St

$595

2 Bedroom Rentals

Available Now

1710 45th St

LubbockTX79412

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
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1 to 4 Bedroom Apartments Available Now

Lubbock Square

4602 50th StLubbock, TX 79414
Student Housing
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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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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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property at 7206 Ave W

$850

2 Bedroom Rentals

Available Now

7206 Ave W

LubbockTX79423
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Village Square
2 Bedroom Apartments

Village Square

6517 Avenue TLubbock, TX 79412
  • Utilities Included
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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

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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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
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

5501 Utica AveLubbock, TX 79414
  • Utilities Included
property at 1101 65th St

$625

1 Bedroom Rentals

Available Now

1101 65th St

LubbockTX79412
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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

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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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 3 Beds unit found at Reserves at South Plains priced from $541. Cottonwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Reserves at South PlainsC3-30%3BR,2BA$541
Cottonwood Apartments1/11BR,1BA$615
SundownerEfficiencyStudio,1BA$625
The Boulders at LakeridgeR1 Floor Plan1BR,1BA$665
Aurora FlatsAStudio,1BA$669
Courtyards At MontereyEfficiencyStudio,1BA$675
7410 Quaker Ave1/11BR,1BA$700
Lubbock SquareA11BR,1BA$718
Courtyards by the LakeOne Bedroom Large1BR,1BA$725
Stonelake Apartment HomesC1BR,1BA$745

Best Value Apartments for Rent in Waters, TX

As of June 08, 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
Waterside Village2 bedroom / 2 bathroom - WD Standard2BR,2BA$0.93
Greenwood Apartments ALG2BR2BR,2BA$1.09
The EnclaveMonte Carlo2BR,2BA$1.10
Parkside ApartmentsB2P2BR,1BA$1.04
San RemyThe Lavender1BR,1BA$1.06
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07
Lubbock SquareA11BR,1BA$1.10
Courtyards At MontereyEfficiencyStudio ,1BA$1.09

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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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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Best Local Schools in
Waters, Lubbock, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Waters Apartments

What is the Cheapest Studio apartment in Waters?

Currently the most affordable Cheap Studio Apartment in Waters is at Sundowner listed at $625.

How much is rent for a Cheap One Bedroom Waters Apartment?

The lowest price for a Cheap One Bedroom Waters Apartment is $615 at Cottonwood Apartments.

What is the lowest price for a Cheap Two Bedroom Waters Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waters is starting from $650 at Cottonwood Apartments.

What is the most affordable Waters Three Bedroom Apartment?

The best deal on a cheap Waters Three Bedroom Apartment rental is at Reserves at South Plains and starts from $541.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.