Most Affordable Neighborhoods in Lubbock, TX
Some of the cheapest neighborhoods in Lubbock are Coronado Area, Bender Terrace, and Parkway And Cherry Point. These neighborhoods offer some of the lowest rent prices in Lubbock, making them ideal for renters on a budget. As of September 12, 2025, the average rent in Lubbock is $854, which is 0.5% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Coronado Area
Average Rent
$640/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
21/100
Units Available
24 Rentals
Coronado Area is close to Texas Tech University and local entertainment venues. Renters will appreciate the lively atmosphere, with plenty of restaurants, shops, and parks nearby.
Bender Terrace
Average Rent
$640/Month
TransitScore® Rating
22/100
Units Available
24 Rentals
Bender Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bender Terrace is $640 while the city average is $854. Residents enjoy convenient access to Terrace Shopping Center, Moody Planetarium, and South Plains College, Reese. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Parkway And Cherry Point
Average Rent
$684/Month
Year-Over-Year Rent Change
9.5%
TransitScore® Rating
26/100
Units Available
18 Rentals
Located on the northeast side of Lubbock, Parkway and Cherry Point is close to everything. Mackenzie Main City Park is partially located in the neighborhood and includes an amusement park, prairie dog habitat, golf course, and more.
Bayless Atkins
Average Rent
$692/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
22/100
Units Available
12 Rentals
Bayless Atkins is a peaceful neighborhood offering a mix of single-family homes and apartments, with easy access to local schools and parks. Renters will appreciate the suburban atmosphere and the proximity to nearby shopping and dining.
South Overton
Average Rent
$720/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
42/100
Units Available
19 Rentals
South Overton is a historic neighborhood located near Texas Tech University, offering a mix of charming older homes and modern developments. Renters will enjoy the walkability and proximity to campus and downtown Lubbock.
Wheelock And Monterey
Average Rent
$734/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
28/100
Units Available
24 Rentals
Located in southwest Lubbock, Wheelock and Monterey features spacious homes and a peaceful setting. The neighborhood borders Clapp Park, a beautiful park with a 93-acre arboretum and a lake.
Bowie
Average Rent
$735/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
22/100
Units Available
56 Rentals
Bowie is a well-established neighborhood known for its spacious homes and tree-lined streets. Renters will appreciate the proximity to schools, parks, and shopping centers. The neighborhood is ideal for those seeking a suburban environment with convenient access to local amenities.
Heart Of Lubbock
Average Rent
$743/Month
TransitScore® Rating
31/100
Units Available
38 Rentals
Heart of Lubbock is a centrally located neighborhood known for its proximity to Texas Tech University and downtown attractions. Residents living here have easy access to local restaurants, shops, and entertainment venues. The area’s lively atmosphere and walkability make it an ideal choice for renters.
Slaton-Bean
Average Rent
$762/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
30/100
Units Available
15 Rentals
When you’re looking for a great Lubbock neighborhood on a budget, check out Slaton-Bean. The average rent is $762, compared to the city average of $854. Rent prices have increased by 4.8%. Slaton-Bean is convenient to Family Park Shopping Center, Moody Planetarium, and Fiesta Plaza. The community is somewhat walkable with a WalkScore® of 64.
Remington Park
Average Rent
$771/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
20/100
Units Available
36 Rentals
Remington Park is a scenic neighborhood known for its well-maintained homes and proximity to local parks and recreational activities. Renters will enjoy the quiet atmosphere and the variety of amenities nearby, including shopping centers and dining options. The area is ideal for those seeking a suburban lifestyle with modern conveniences.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.