Cheap Homes for Rent in Waters Neighborhood of Lubbock, TX from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 6503 Avenue R

6503 Avenue R

LubbockTX79412
property at 6125 Avenue Q

6125 Avenue Q

LubbockTX79412

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 2 Beds unit found at RESERVES AT SOUTH PLAINS priced from $481. Cottonwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here are the most affordable Waters apartments for rent in Lubbock, TX:

Apartment ListingModel NameBed/BathPriced From
RESERVES AT SOUTH PLAINSB22BR,2BA$481
Cottonwood Apartments1/11BR,1BA$615
Lubbock SquareA11BR,1BA$676
Courtyards by the LakeOne Bedroom Small1BR,1BA$700
SundownerLoft1BR,1BA$725

Best Value Apartments for Rent in Waters, TX

As of March 26, 2025 the best value apartment in the Waters area is the $0.84 price per square foot Plan 2027 Model at Del Estrado Townhomes in the in the South Lubbock neighborhood starting from $1,699. The second greatest value Waters apartment is the 3248 63rd St Model at 3248 63rd St starting at $1,699 with a $0.84 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 20274BR,3BA$0.84
3248 63rd St3248 63rd St4BR,3BA$0.84
3255 62nd St3255 62nd St4BR,3BA$0.84
3224 63rd St3224 63rd St3BR,2.5BA$0.82
3242 63rd St3242 63rd St3BR,2.5BA$0.80
3239 62nd St3239 62nd St3BR,2.5BA$0.82
3262 63rd St3262 63rd St3BR,2.5BA$0.77
6206 Geneva Ave6206 Geneva Ave3BR,2.5BA$0.85
3236 63rd St3236 63rd St3BR,2.5BA$0.80
RESERVES AT SOUTH PLAINSB22BR,2BA$0.49

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Waters

What type of rentals are currently available in Waters?

There are currently 170 Apartments for Rent in Waters, TX with pricing that ranges from $615 to $2,500. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waters ranging from $500 to $3,000.

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 $500 to $3,000 with an average monthly rent of $1,581.

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 $900 to $1,781, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,299 and Four Bedroom Apartments start at $1,699.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.