5+ Days Ago
Highlights
Pet Friendly
Location
506 E Municipal Dr, Lubbock, TX 79403, USA|Parkway and Cherry Point
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Amenities for 506 E Municipal Dr, 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 E Municipal Dr
Sweet deal!
This listing is 13% 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
- 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 E Municipal Dr cost about 13% less than the average rent price for 3-bedroom apartments in Lubbock.
Median rents as of Feb 28 2026.
Parkway and Cherry Point
Lubbock
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,412 |
| January 2026 | $1,420 |
| February 2026 | $1,449 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,005 |
| 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 |
| December 2025 | $1,012 |
| January 2026 | $1,048 |
| February 2026 | $1,060 |
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
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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
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