5+ Days Ago
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Pet Friendly
Location
506 East Municipal Drive, Lubbock, Texas 79403, United States|Parkway and Cherry Point
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Amenities for 506 East Municipal Drive, Parkway and Cherry Point
Building
| Cats OK | Dogs OK |
Grounds
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 506 East Municipal Drive
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Houses in LubbockParkway and Cherry Point 506 East Municipal Drive, Lubbock, Texas 79403, United States
Houses in LubbockParkway and Cherry Point 506 East Municipal Drive, Lubbock, Texas 79403, United StatesUpdated 3 bedroom 1 Bathroom. In town living with a country feel. Large outdoor space for your use. Many possibilities. Roommates Considered (2 @ $600 per roommate), Pets Considered (Prefer None, 2 small dogs under 30lb), Schools: Alderson Elementary, Talkington/Dunbar Middle School, Talkington/Estacado High School
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 506 East Municipal Drive compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Parkway and Cherry Point |
|---|---|
| Zip code | 79403 |
| Type | House for rent |
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Rent trends in Parkway and Cherry Point
3-bedroom apartments at 506 East Municipal Drive cost about 10% less than the average rent price for 3-bedroom apartments in Lubbock.
Median rents as of Nov 29 2025.
Parkway and Cherry Point
Lubbock
| Month | Median Rent |
|---|---|
| December 2023 | $1,397 |
| January 2024 | $1,397 |
| February 2024 | $1,437 |
| March 2024 | $1,450 |
| April 2024 | $1,468 |
| May 2024 | $1,481 |
| June 2024 | $1,498 |
| July 2024 | $1,497 |
| August 2024 | $1,455 |
| September 2024 | $1,418 |
| October 2024 | $1,399 |
| November 2024 | $1,399 |
| December 2024 | $1,400 |
| January 2025 | $1,431 |
| February 2025 | $1,415 |
| March 2025 | $1,449 |
| April 2025 | $1,456 |
| May 2025 | $1,498 |
| June 2025 | $1,499 |
| July 2025 | $1,499 |
| August 2025 | $1,460 |
| September 2025 | $1,431 |
| October 2025 | $1,400 |
| November 2025 | $1,400 |
| Month | Median Rent |
|---|---|
| December 2023 | $950 |
| January 2024 | $957 |
| February 2024 | $960 |
| March 2024 | $1,013 |
| April 2024 | $1,050 |
| May 2024 | $1,072 |
| June 2024 | $1,093 |
| July 2024 | $1,099 |
| August 2024 | $1,060 |
| September 2024 | $1,068 |
| October 2024 | $962 |
| November 2024 | $960 |
| December 2024 | $1,027 |
| January 2025 | $1,086 |
| February 2025 | $1,099 |
| March 2025 | $1,074 |
| April 2025 | $1,090 |
| May 2025 | $1,067 |
| June 2025 | $1,022 |
| July 2025 | $1,050 |
| August 2025 | $1,046 |
| September 2025 | $1,022 |
| October 2025 | $950 |
| November 2025 | $1,009 |
Affordability calculator
Can I afford to live at 506 East Municipal Drive?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$36,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 3-bedrooms monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.
Schools near 506 East Municipal Drive
Homebound
1628 19th st
lubbock, TX, 79401
PK, K-11Public
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Internet available near 506 East Municipal Drive
Getting around Lubbock near 506 East Municipal Drive
Walking
2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 506 East Municipal Drive, Lubbock
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 506 East Municipal Drive
United Supermarkets
2630 Parkway Dr
323 Food LLC
1320 Texas Ave
La Michoacana Meat Market
2131 Clovis Rd
Walmart Supercenter
1911 Marsha Sharp Fwy
La Super Economica
Linda's Closet
2625 E Auburn St
Soldier Clothing
1012 Avenue A
Family Dollar
2636 Parkway Dr
Boutique Cathys Unique
1104 Avenue J
Cathy's Unique Boutique
1110 Avenue J
Sweet Tooth Donuts
1726 Parkway Dr
Dutch Bros Coffee
1711 Marsha Sharp Fwy
The Coffee Shop
1204 Broadway
Monomyth Coffee
2024 Broadway
Rise N Shine Donuts
216 University Ave
Sand Trap
501 N Interstate 27
Nicolett
511 Broadway
The West Table
1204 Broadway
Chill Zone
801 Avenue Q
The Midnight Shift Restaurant & Bar
1610 Broadway
Walmart Bakery
1911 Marsha Sharp Fwy
GNC
1803 7th St
McPherson Cellars
1615 Texas Ave
Exceptional Cupcakes
2323 Avenue K
Einstein Bros Bagels
703 Flint Ave
Clayton Carter Park
MacKenzie Park
Atzlan MacKenzie Park
George Woods Park
Guadalupe Park
Tony Nicholas
2222 N Interstate 27
Subway
602 Marsha Sharp Fwy
Circle 7 Grill
1701A Parkway Dr
Wiley's Bar-B-Que
1805 Parkway Dr
Domino's
1708 Parkway Dr
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Cherry Point, Cherry Point
East Emory St. / West of MLK
Cherry Point, Cherry Point
Estacado High School
Cherry Point, Cherry Point
Madison Park Apartments On N Martin Luther King
Cherry Point, Cherry Point
Martin Luther King / Cornell St.
Cherry Point, Cherry Point
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