Lubbock, TX Rental Market
Lubbock is a mid-size West Texas city anchored by Texas Tech University, one of the largest universities in the country with over 40,000 students, and a substantial agricultural and food processing economy. The combination of student housing demand and a blue-collar workforce creates a broad tenant base, while very low median home prices give investors entry points among the most affordable of any Texas market.
Get a rent estimate for an address in LubbockAverage Rent in Lubbock, TX
$920
per month · 2026-06
Market Score
Key Facts — Lubbock, TX Rental Market
- Average rent in Lubbock, TX:$920/mo
- Median rent:$846/mo
- Rent range:$450 – $2,000/mo
- Most common rental (2 bedrooms):$800/mo
- Active listings:420
- Avg days to lease:38 days
- Year-over-year change:+2.2%
- Median home value:$145,000
- Est. gross annual yield:7.6%
- Data as of:2026-06
Rent by Bedroom in Lubbock, TX
Average monthly rent for each bedroom type based on current active listings in Lubbock.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $650/mo |
2 Bedrooms | $800/mo |
3 Bedrooms | $1,025/mo |
4 Bedrooms | $1,275/mo |
5 Bedrooms | $1,450/mo |
Lubbock Rental Market Statistics
Key indicators from the current Lubbock, TX rental market.
420
Available now in Lubbock
38
From list to lease
$0.74
Average across listings
1,250 sq ft
Typical rental size
$450 – $2,000
Min to max active listings
+2.2%
Avg rent vs. prior year
Investing in Lubbock, TX Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$145,000
Typical purchase price in Lubbock
Est. Gross Annual Yield
7.6%
Before expenses & vacancy
Avg Monthly Income
$920
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Lubbock for a full cash-flow breakdown including all costs.
Lubbock, TX Rental Market FAQ
Common questions about renting and investing in Lubbock, TX.
What is the average rent in Lubbock, TX?
The average rent in Lubbock, TX is $920 per month as of 2026 — the most affordable market in our Texas coverage. One-bedroom apartments average $650/mo, two-bedrooms average $800/mo, and three-bedroom homes average $1,025/mo. Areas near Texas Tech University see the highest demand, while neighborhoods further from campus offer even lower rents.
Is Lubbock, TX a good place to invest in rental property?
Lubbock offers an estimated 7.6% gross annual yield with very low acquisition costs — the median home value sits near $145,000. Texas Tech University's 40,000+ students create persistent demand for 1- and 2-bedroom rentals near campus, while the broader agricultural hub economy generates stable working-class tenant demand. Best suited for investors seeking affordable entry points and reliable cash flow.
How competitive is the Lubbock, TX rental market?
Lubbock has approximately 420 active listings and averages 38 days on market — a moderately paced environment. Rental demand is highly seasonal, with a surge each August as Texas Tech students return. Properties within a mile of campus or along University Avenue lease fastest, while off-campus residential neighborhoods have a more measured absorption rate. Pricing competitively is key outside of the back-to-school season.
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