Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $500 (41 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

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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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-41, 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. The Boulders at Lakeridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Apartments1/11BR,1BA$615
The Boulders at LakeridgeR1 Floor Plan1BR,1BA$665
Lubbock SquareA11BR,1BA$676
SundownerLoft1BR,1BA$725
The Preserve at Prairie PointeThe Nest1BR,1BA$745
Courtyards by the LakeTwo Bedroom Large2BR,1BA$749
Parkside ApartmentsA2P1BR,1BA$755
Waterside Village2 bedroom / 2 bathroom - standard2BR,2BA$785
Stonelake Apartment HomesD1BR,1BA$820

Best Value Apartments for Rent in Waters, TX

As of March 10, 2026 the best value apartment in the Waters area is the $0.84 price per square foot Plan 2027 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,699. The second greatest value Waters apartment is the 6304 Quaker Ave Model at 6304 Quaker Ave, Unit B starting at $1,350 with a $0.96 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 20274BR,3BA$0.84
6304 Quaker Ave, Unit B6304 Quaker Ave3BR,2BA$0.96
Courtyards At Monterey2 BD/1.5 BA2BR,1.5BA$0.91
Courtyards by the LakeThree Bedroom3BR,2BA$0.98
Waterside Village2 bedroom / 2 bathroom - standard2BR,2BA$0.78
Greenwood Apartments ALG2BR2BR,2BA$1.09
SundownerLoft1BR,1BA$1.03
The Boulders at LakeridgeT Floor Plan1BR,1BA$1.07
Lubbock SquareA11BR,1BA$1.04
6128 Avenue R Ave6128 Avenue R Ave1BR,1BA$1.12

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 157 Apartments for Rent in Waters, TX with pricing that ranges from $477 to $1,699. There are also 121 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $595 to $2,895.

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 $2,895 with an average monthly rent of $1,328.

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 $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,699.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.