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RentData.org Logo Lubbock Fair Market Rent FY 2023 Lubbock, TX HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Lubbock, TX :
$726 $838 $1,017 $1,425 $1,672
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lubbock are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lubbock is $1,017 per month.

The previous year, rent for a two-bedroom home was $951 per month. This is a 6.94% increase year-over-year.

This FMR rate applies to Lorenzo, TX, Spur, TX, Crosbyton, TX, Ralls, TX, Floydada, TX and other cities within the region. The Metro Code or CBSA code for this region is METRO31180M31180.

Additionally, This Fair Market Rent (FMR) area Lubbock, TX HUD Metro FMR Area spans one county or city in Texas which is listed in the table below. Estimated population of Lubbock, TX HUD Metro FMR Area FMR area is 5,753 people based on latest Census data.

Compared to the rest of Texas, the Lubbock FMR area is more expensive than 88% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lubbock. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lubbock

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 771
1-BR 1-Bedroom $ 889
2-BR 2-Bedroom $ 1080
3-BR 3-Bedroom $ 1513
4-BR 4-Bedroom $ 1775
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Lubbock, TX HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lubbock.

County / Region Est. Population
Lubbock, TX Metro 5,753
Zip Codes in Lubbock, TX HUD Metro FMR Area

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

79235, 79322, 79343, 79357 and 79370

Lookup Fair Market Rent by Zip Code

What's Next?

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