Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $500 (32 Rentals)

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

property at 1316 53rd St

$695

2 Bedroom Rentals

Available Now

1316 53rd St

LubbockTX79412
property at 1307 53rd St

$695

2 Bedroom Rentals

Available Now

1307 53rd 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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property at 8601 Memphis Dr

$725 - $1,150

1 To 2 Bedroom Rentals

Available Now

8601 Memphis Dr

LubbockTX79423

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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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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property at 2406 46th St

$825

2 Bedroom Rentals

Available May 10

2406 46th St

LubbockTX79412
property at 2412 46th St

$825

2 Bedroom Rentals

Available May 17

2412 46th St

LubbockTX79412

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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Showing Results 1-32, 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. 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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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 Waters

What type of rentals are currently available in Waters?

There are currently 173 Apartments for Rent in Waters, TX with pricing that ranges from $477 to $2,350. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $595 to $2,600.

What is the current price range for Rental Homes in Waters?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waters ranges from $595 to $2,600 with an average monthly rent of $1,372.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.