Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $500 (20 Rentals)

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

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 2328 62nd St

2328 62nd St

LubbockTX79412
property at 2316 62nd St

2316 62nd St

LubbockTX79412

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 2406 46th St

2406 46th St

LubbockTX79412

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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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 $655. Courtyards At Monterey has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Apartments1/11BR,1BA$655
Courtyards At MontereyEfficiencyStudio,1BA$675
Courtyards by the LakeOne Bedroom Small1BR,1BA$700
Lubbock SquareA21BR,1BA$721
SundownerLoft1BR,1BA$725

Best Value Apartments for Rent in Waters, TX

As of June 28, 2025 the best value apartment in the Waters area is the $0.85 price per square foot Plan 1655 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,399. The second greatest value Waters apartment is the 7410 Avenue X Model at 7410 Avenue X, Unit 403 starting at $850 with a $0.63 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.
Del Estrado TownhomesPlan 16553BR,2.5BA$0.85
7410 Avenue X, Unit 4037410 Avenue X2BR,2BA$0.63
Greenwood Apartments ALG2BR2BR,2BA$1.09
Reserves at South PlainsB2-60%2BR,2BA$1.06
7408 Avenue X, Unit 3037408 Avenue X2BR,2BA$0.94
The PavilionClassic 2 Bedroom 1.5 Bath2BR,1.5BA$1.04
Lubbock SquareB12BR,1BA$0.99
SundownerFlat1BR,1BA$1.03
Courtyards by the LakeOne Bedroom Large1BR,1BA$1.13
Courtyards At MontereyEfficiencyStudio ,1BA$1.09

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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Frequently Asked Questions about Waters

What type of rentals are currently available in Waters?

There are currently 181 Apartments for Rent in Waters, TX with pricing that ranges from $469 to $2,531. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $575 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 $575 to $2,600 with an average monthly rent of $1,521.

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 $530 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,125. Four Bedroom Single-Family rentals are also available starting from $1,499 and Four Bedroom Apartments start at $1,400.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.