Average Rent in Lubbock, TX↑ Rents rising 7.1% YoY🔺 28th priciest in TX

Lubbock, TX has rental prices ranging from $832/month to $1,947/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,007/month — 28% below the national average of $1,400/month. With a median household income of $62,288/year, spending $1,007/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Lubbock Compares

With an average 2-bedroom rent of $1,192/month, Lubbock ranks #28 most expensive of the 220 cities tracked in Texas — pricier than 81% of all US cities in our data.

The Lubbock Rental Market

The Lubbock, TX area has a population of about 354,782 and 43% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Lubbock, TX have risen by $79/month (7.1%) over the past year, from $1,113 to $1,192. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Lubbock, TX without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $40,280. The local median household income of $62,288 exceeds that threshold by $22,008, making Lubbock relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Lubbock, TX is $212,602, giving a price-to-rent ratio of 14.9. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Lubbock's neighborhoods. Among the highest-value areas are Windmill ($73,147 median home value), Harwell ($73,331 median home value), Slaton-Bean ($73,517 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Lubbock, TX Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Lubbock?

Break-even analysis and mortgage estimates based on local market data.

Living in Lubbock

Cost of living, job market, crime rates, and moving cost estimates.