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Apartments Under $500 in Lubbock, TX

1 - 16 of 16 Results
41
$450
4304 A Boston Ave
Lubbock, TX
Studio | Available Now
Contact
Dishwasher
WHAM
8
$499
1615 16Th St
Lubbock, TX
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
West
10
$500
3218 Baylor St Frnt
Lubbock, TX
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
House
Arnett Benson
19
$309
924 E Emory St
Lubbock, TX
2 BR | Ask for Availability
Contact
20
$499
5005 Ave W.
Lubbock, TX
2 BR | Oct. 16, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
5
$495
2602 82nd St
Lubbock, TX
2 BR | Ask for Availability
Contact
Waters
13
$500
3405 24th St
Lubbock, TX
2 BR | Ask for Availability
Contact
Tech Terrace
0
$100
Timeout
5214 68th St Lubbock, TX
1 BR | Available Now
Contact
2
$310 - 440
Stone Hollow Village
1510 E Cornell St Lubbock, TX
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
45
$449
PER
ROOM
Park East
Deal
1819 Glenna Goodacre Blvd Lubbock, TX
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Pool
North Overton
45
$449 - 499
PER
ROOM
Park East - Historical Access
1819 Glenna Goodacre Blvd Lubbock, TX
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Pool
North Overton
29
$474 - 499
PER
ROOM
The Bloc - Historical Access
707 Avenue T Lubbock, TX
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Fitness Center
37
$499
PER
ROOM
The Bloc
Deal
5.0
707 Avenue T Lubbock, TX
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Fitness Center
$469
zPark Meadow Villas I
2502 Weber Drive Lubbock, TX
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Dishwasher
Fireplace
Chatman Park
26
3D Tour
$499
PER
ROOM
Park East
Deal
5.0
1819 Glenna Goodacre Blvd. Lubbock, TX
4 BR | Ask for Availability
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
$337 - 469
zPark Meadow Villas II
2627 Oak Drive Lubbock, TX
1 - 3 BR | Available Now
Contact
Chatman Park
1 - 16 of 16 Results
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Lubbock, TX on Rentable.co?

There are 16 apartments under $500 in Lubbock currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Lubbock?

Rentable.co has 4 studio apartments under $500 available for rent in Lubbock.

How many one-bedroom apartments under $500 are available in Lubbock?

Rentable.co has 89 one-bedroom apartments under $500 available for rent in Lubbock.

How many two-bedroom apartments under $500 are available in Lubbock?

Rentable.co has 213 two-bedroom apartments under $500 available for rent in Lubbock.

Can I afford a apartment under $500 in Lubbock, TX?

To comfortably afford a apartment under $500 in Lubbock based on average rent prices, a household would need an annual income of $18,000.

Which neighborhoods have the most apartments under $500 for rent in Lubbock, TX?

  1. North Overton
  2. Chatman Park
  3. West
  4. South Overton
  5. Waters

Apartments Under $500 in Lubbock, TX: October Rental Information

Welcome to the October 2026 Lubbock Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2026 key findings and figures for the Lubbock rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Lubbock and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Lubbock.
0 10 20 30 40 <$500 $520 $560 $600 $640 $680 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080
This month, the typical cost to rent a one-bedroom apartment in Lubbock stands at $750, with the majority falling between $470 and $1,150. Out of the 2,866 one-bedroom apartments currently on the market in Lubbock, 89 are priced below $500, accounting for 3% of the total available one-bedroom units in Lubbock.

Available Apartments Under $500: Lubbock vs. Surrounding Areas

Lubbock, TX
14
Discover affordable living options in Lubbock, TX and its surrounding cities with Rentable's chart of available apartments under $500. As of October 2026, there are numerous choices available in Lubbock, as well as in Tahoka, Levelland, Abernathy, Slaton, Wolfforth, Idalou, and Shallowater. In total, the rental market in the Lubbock, TX metro area boasts 20 apartments within this price range. Whether you're a student on a budget or simply looking for more affordable housing, Rentable can help you find your ideal rental in this thriving region.

Apartments Under $500 Now vs. Last Month: Lubbock and Surrounding Areas

City Apartments Under $500 in October M/M % Change
Lubbock, TX 15 +0.93%
Slaton, TX 1 +1.0%
Idalou, TX 1 +1.2%

Looking for Apartments Under $500 in Lubbock?

Available apartments under $500 550
Top amenities Fitness Center, Dishwasher, Furnished, Refrigerator, Student
Deals 5
Pet friendly 41
Utilities included 1
Furnished 9
1 Bedroom 27
2 Bedroom 17
4 Bedroom 13
Square footage 368 - 1,330

Where are Lubbock Apartments Under $500?

Top Neighborhoods North overton, Chatman park, West, South overton, Waters
North Overton 5
Chatman Park 2
West 1
South Overton 1
Waters 1
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