5+ Days Ago
Highlights
Pet Friendly
Location
506 E Municipal Dr, Lubbock, TX 79403, USA|Parkway and Cherry Point
Tour 506 E Municipal Dr
Contact
Location Rentals
Nearby rentals
Renter hub
Property management
Apartments for rent LubbockApartments for rent NorthridgeApartments for rent Heart of LubbockApartments for rent Clapp ParkApartments for rent West EndApartments for rent Maxey ParkApartments for rent WolfforthApartments for rent PlainviewApartments for rent North by NorthwestApartments for rent Parkway and Cherry PointApartments for rent Bayless AtkinsApartments for rent BowieApartments for rent Preston SmithApartments for rent SlatonApartments for rent LevellandApartments Near Me
Houses for rent LubbockHouses for rent South OvertonHouses for rent RaintreeHouses for rent North OvertonHouses for rent Clapp ParkHouses for rent North by NorthwestHouses for rent WolfforthHouses for rent CarlisleHouses for rent Tech Terrace- U.N.I.T.Houses for rent Arnett BensonHouses for rent Slaton-BeanHouses for rent University PinesHouses for rent Stubbs-StewartHouses for rent LevellandHouses for rent CaprockHouses for rent near me
Amenities for 506 E Municipal Dr, Parkway and Cherry Point
Community
| 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 |
|---|
Advertisement
About 506 E Municipal Dr
Sweet deal!
This listing is 14% below the median price for 3 bedroom apartments in Parkway and Cherry Point.
Updated 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 E Municipal Dr compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
- 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 |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Parkway and Cherry Point
3-bedroom apartments at 506 E Municipal Dr cost about 14% less than the average rent price for 3-bedroom apartments in Lubbock.
Median rents as of Apr 18 2026.
Parkway and Cherry Point
Lubbock
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,412 |
| January 2026 | $1,420 |
| February 2026 | $1,449 |
| March 2026 | $1,450 |
| April 2026 | $1,475 |
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,012 |
| January 2026 | $1,048 |
| February 2026 | $1,060 |
| March 2026 | $1,043 |
| April 2026 | $1,041 |
Affordability calculator
Can I afford to live at 506 E Municipal Dr?
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 E Municipal Dr
CARMONA-HARRISON EL
1910 cesar e chavez dr
lubbock, TX, 79415
PK, K-5Public
C
Homebound
1628 19th st
lubbock, TX, 79401
PK, K-11Public
TEXAS TECH UNIVERSITY K-12
3316 9th st
lubbock, TX, 79413
K-12Public
A-
Lubbock-Cooper East El
2727 134th st
lubbock, TX, 79423
PK, K-5Public
A-
Upland Heights Elementary School
10020 upland ave
lubbock, TX, 79424
PK, K-5Public
A
Advertisement
Internet available near 506 E Municipal Dr
Getting around Lubbock near 506 E Municipal Dr
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 E Municipal Dr, 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
Compare similar properties nearby
- dogs ok
- in-unit laundry
- swimming pool
Courtyards on the Park
Our team has verified this companyClapp Park • 2400 44th St
2–3 Beds
$925–$1,225
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
Courtyards on the Park
Our team has verified this companyClapp Park • 2400 44th St
2–3 Beds
$925–$1,225
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
- dogs ok
- in-unit laundry
- swimming pool
Check availability
2 Bedroom house rentals in Lubbock167 listings
167 listings
3 Bedroom house rentals in Lubbock623 listings
623 listings
Advertisement