
Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in the Waters area of Lubbock.


2613 25th St

1310 54th St

1636 58th St

4628 52nd St

4610 52nd St

2308 74th St
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.

2416 46th St

7402 Waco Ave

2306 62nd St

2308 62nd St

2414 46th St

7405 Avenue X

1512 82nd St
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.

8208 Vernon Ave

1508 82nd St

1709 47th St

3402 70th Dr

6106 Avenue R

2107 49th St

2101 51st St
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.

2018 45th St
Waters, Lubbock, TX Local Guide

How much does it cost to rent a home in Waters?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waters 2 Bedroom Homes for Rent | $962 | $595 | $1,275 |
| Waters 3 Bedroom Homes for Rent | $1,407 | $875 | $2,850 |
| Waters 4 Bedroom Homes for Rent | $1,790 | $1,449 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Waters Neighborhood of Lubbock, TX.
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Waters, Lubbock, TX Local Guide
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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 $650. Here are the most affordable Waters apartments for rent in Lubbock, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottonwood Apartments | 1/1 | 1BR,1BA | $615 |
| The Boulders at Lakeridge | IP/IB Floor Plan | 1BR,1BA | $650 |
| Courtyards by the Lake | One Bedroom Small | 1BR,1BA | $700 |
| Lubbock Square | A2 | 1BR,1BA | $721 |
| Sundowner | Loft | 1BR,1BA | $725 |
Best Value Apartments for Rent in Waters, TX
As of January 06, 2026 the best value apartment in the Waters area is the $0.81 price per square foot Plan 2027 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,649. The second greatest value Waters apartment is the 2 BD/1.5 BA Model at Courtyards At Monterey starting at $925 with a $0.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Del Estrado Townhomes | Plan 2027 | 4BR,3BA | $0.81 |
| Courtyards At Monterey | 2 BD/1.5 BA | 2BR,1.5BA | $0.89 |
| Greenwood Apartments A | LG2BR | 2BR,2BA | $1.09 |
| Saddlewood Apartments | 2 Bedroom A Upgrade | 2BR,2BA | $1.03 |
| 2107 49th St, Unit B | 2107 49th St | 2BR,1.5BA | $0.88 |
| Waterside Village | 1 bedroom 1 bathroom | 1BR,1BA | $0.84 |
| The Pavilion | Renovated 2 Bed 1.5 Bath | 2BR,1.5BA | $1.07 |
| Lubbock Square | B1 | 2BR,1BA | $1.00 |
| Sundowner | Loft | 1BR,1BA | $1.03 |
| The Boulders at Lakeridge | T Floor Plan | 1BR,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
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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 179 Apartments for Rent in Waters, TX with pricing that ranges from $477 to $2,300. There are also 135 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $595 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 $595 to $2,850 with an average monthly rent of $1,138.
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 $1,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,449 and Four Bedroom Apartments start at $1,450.
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

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.