Cheap Apartments for Rent in the Waters Neighborhood of Lubbock, TX from $400 (39 Rentals)

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

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.

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.

property at 1512 82nd St

1512 82nd St

LubbockTX79423
property at 7405 Avenue X

7405 Avenue X

LubbockTX79423
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Village Square
2 Bedroom Apartments

Village Square

6517 Avenue TLubbock, TX 79412
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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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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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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
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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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The Pavilion
1 to 2 Bedroom Apartments

The Pavilion

2602 82nd StLubbock, TX 79423
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Courtyard Villas
1 to 2 Bedroom Apartments

Courtyard Villas

4619 66th StLubbock, TX 79414
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6909-6918 Fremont Ave
2 Bedroom Apartments

6909-6918 Fremont Ave

6909-6918 Fremont AveLubbock, TX 79413
  • Utilities Included

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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5005 Avenue W
2 Bedroom Apartments

5005 Avenue W

5005 Avenue WLubbock, TX 79412
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1312 65th Dr
Studio to 1 Bedroom Apartments

1312 65th Dr

1312 65th DrLubbock, TX 79412

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 2 Beds unit found at Cottonwood Apartments priced from $650. The 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
Cottonwood Apartments2/12BR,1BA$650
The Boulders at LakeridgeIP/IB Floor Plan1BR,1BA$650
The PavilionClassic1 Bedroom 1 Bathroom1BR,1BA$675
Waterside Village1 bedroom 1 bathroom1BR,1BA$685
Courtyards by the LakeOne Bedroom Small1BR,1BA$700
The EnclaveBrussels- A11BR,1BA$705
Lubbock SquareA21BR,1BA$721
Aurora FlatsB11BR,1BA$730
Parkside ApartmentsA2P1BR,1BA$755
Courtyards At Monterey1 BD/1 BA1BR,1BA$790

Best Value Apartments for Rent in Waters, TX

As of October 15, 2025 the best value apartment in the Waters area is the $0.82 price per square foot Plan 1655 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,349. The second greatest value Waters apartment is the 3 BD/2.5 BA Model at Courtyards At Monterey starting at $1,150 with a $0.88 price per square foot in the WHAM 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 16553BR,2.5BA$0.82
Courtyards At Monterey3 BD/2.5 BA3BR,2.5BA$0.88
Wyndham Apartments3/2 R3BR,2BA$1.10
Greenwood Apartments ALG2BR2BR,2BA$1.09
Reserves at South PlainsB2-60%2BR,2BA$1.07
2107 49th St, Unit B2107 49th St2BR,1BA$0.88
Waterside Village1 bedroom 1 bathroom1BR,1BA$0.78
Lubbock SquareB12BR,1BA$0.99
Cottonwood Apartments2/12BR,1BA$0.86
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07

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Pet Friendly Lifestyle
Waters, Lubbock, TX

Ranked #20

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Waters Neighborhood in Lubbock, TX

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Waters Apartments

What is the price of a cheap apartment in Waters?

The cheapest apartment in Waters is The Boulders at Lakeridge which is listed at $650, while the average apartment in Waters costs $1,674.

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 3 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 $142 which is $1,532 cheaper than the average rent for all rentals in Waters.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.