Cheap Apartments for Rent near New Home, TX from $400 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Home.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Brickstone Villas
Rent Specials
$903 - $1,183
Total Monthly Price

Total Monthly Price

Base Rent
$903 - $1,183
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Brickstone Villas

1606 82nd StLubbock, TX 79423
Furnished
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Pavilion
1 to 2 Bedroom Apartments

The Pavilion

2602 82nd StLubbock, TX 79423

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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Patterson Pointe
3 Bedroom Apartments

Patterson Pointe

123 Brooke BlvdWolfforth, TX 79382

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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New Home, TX Local Guide

Cheapest Available New Home Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Home, TX is a 3 Beds unit found at Reserves at South Plains in the University Pines neighborhood priced from $553. Boulders At Lakeridge in the University Pines neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable New Home apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reserves at South PlainsC3-30%3BR,2BA$553
Boulders At Lakeridgeip1BR,1BA$650
Courtyards by the LakeOne Bedroom Villa1BR,1BA$725
Waterside Village1 bedroom 1 bathroom1BR,1BA$735
Residence at WolfforthA11BR,1BA$770
Stonelake Apartment HomesE1BR,1BA$795
The Preserve at Prairie PointeThe Nest1BR,1BA$795
San RemyThe Lavender2BR,1BA$795
Crest at CooperLennox1BR,1BA$825
The PavilionRenovated 1 Bed 1 Bath1BR,1BA$850

Best Value Apartments for Rent in New Home, TX and Nearby

As of July 22, 2026 the best value apartment in the New Home area is the $0.77 price per square foot B2 semi upgrade Model at Quail Creek in the in the Outer North Inner Loop neighborhood starting from $1,015. The second greatest value New Home apartment is the C3-60% Model at Reserves at Preston Trails starting at $1,265 with a $1.06 price per square foot in the Outer North Inner Loop neighborhood. Here is today’s list of the best values for New Home apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Quail CreekB2 semi upgrade2BR,2.5BA$0.77
Reserves at Preston TrailsC3-60%3BR,2BA$1.06
Greenwood Apartments ALG2BR2BR,2BA$1.09
The EnclaveMonte Carlo2BR,2BA$1.10
Woodcrest ApartmentsB12BR,2BA$1.02
Waterside Village1 bedroom / 1 bathroom Remodel1BR,1BA$0.93
Saddlewood Apartments1 Bedroom C Upgrade1BR,1BA$1.06
Reserves at Saddleback RanchA1-60%1BR,1BA$1.12
San RemyThe Lavender1BR,1BA$1.06
Courtyards by the LakeOne Bedroom Villa1BR,1BA$1.03

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap New Home Apartments

How much is rent for a Cheap One Bedroom New Home Apartment?

The lowest price for a Cheap One Bedroom New Home Apartment is $650 at Boulders At Lakeridge.

What is the lowest price for a Cheap Two Bedroom New Home Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Home is starting from $795 at San Remy.

What is the most affordable New Home Three Bedroom Apartment?

The best deal on a cheap New Home Three Bedroom Apartment rental is at Reserves at South Plains and starts from $553.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.