Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $700 (35 Rentals)

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

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 2416 46th St

2416 46th 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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property at 1118 82nd St

1118 82nd St

LubbockTX79423

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 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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property at 3813 51st St

3813 51st St

LubbockTX79413
Showing Results 1-35, 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 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
Parkside ApartmentsA2P1BR,1BA$755

Best Value Apartments for Rent in Waters, TX

As of November 15, 2025 the best value apartment in the Waters area is the $0.78 price per square foot Plan 1655 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,299. The second greatest value Waters apartment is the C3-60% Model at Reserves at South Plains starting at $1,210 with a $1.01 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 16553BR,2.5BA$0.78
Reserves at South PlainsC3-60%3BR,2BA$1.01
Brickstone VillasThe Clydesdale2BR,2BA$1.04
Waterside Village2 bedroom / 2 bathroom - WD upgraded2BR,2BA$0.89
Greenwood Apartments ALG2BR2BR,2BA$1.09
Saddlewood Apartments2 Bedroom A Upgrade2BR,2BA$1.02
2107 49th St, Unit B2107 49th St2BR,1BA$0.88
Lubbock SquareB12BR,1BA$1.00
Courtyards At Monterey1 BD/1 BA1BR,1BA$1.07
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07

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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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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Pet Friendly Lifestyle
Waters, Lubbock, TX

Ranked #18

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 172 Apartments for Rent in Waters, TX with pricing that ranges from $477 to $1,850. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $700 to $2,850.

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 $700 to $2,850 with an average monthly rent of $1,227.

How much are larger Three and Four Bedroom Rentals in Waters?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waters range from $541 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $949 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,426.

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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.