Best Affordable Neighborhoods in Lubbock, TX
Some of the cheapest neighborhoods in Lubbock are Coronado Area, Parkway And Cherry Point, and Bowie. These neighborhoods offer some of the lowest rent prices in Lubbock, making them ideal for renters on a budget. As of May 5, 2026, the average rent in Lubbock is $878, which is 1.8% 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
$649/Month
Year-Over-Year Rent Change
0.4%
Units Available
38 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.
Parkway And Cherry Point
Average Rent
$691/Month
Year-Over-Year Rent Change
13.1%
Units Available
15 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.
Bowie
Average Rent
$715/Month
Year-Over-Year Rent Change
0.7%
Units Available
52 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.
Wheelock And Monterey
Average Rent
$732/Month
Year-Over-Year Rent Change
1.7%
Units Available
20 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.
Heart Of Lubbock
Average Rent
$743/Month
Units Available
29 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.
Guadalupe
Average Rent
$756/Month
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Lubbock, Guadalupe might be the perfect place! It has an average rent price of $756, while the city’s average stands at $878. Guadalupe is near South Plains College, Reese, Lubbock Tech Center, and Parkway Mall.
West End
Average Rent
$765/Month
Year-Over-Year Rent Change
1.5%
Units Available
27 Rentals
West End is a bustling commercial and residential area offering a mix of shopping, dining, and entertainment options. Renters will enjoy the proximity to West End Center and the variety of housing available. The neighborhood’s lively atmosphere makes it perfect for those seeking an active lifestyle.
Stubbs-Stewart
Average Rent
$821/Month
Year-Over-Year Rent Change
0.3%
Units Available
41 Rentals
Stubbs-Stewart is a quiet, residential neighborhood offering affordable housing options and proximity to local parks. Renters will enjoy the community-focused atmosphere and easy access to shopping and dining. The area provides a peaceful, suburban feel while still being close to the city center.
Remington Park
Average Rent
$825/Month
Year-Over-Year Rent Change
11.7%
Units Available
27 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.
Caprock
Average Rent
$829/Month
Year-Over-Year Rent Change
0.9%
Units Available
14 Rentals
Caprock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Caprock is $829 while the city average is $878. This is a 0.9% difference from last year. Residents enjoy convenient access to Texas Tech University, Lubbock Christian University, and KK''s Corner.
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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.