2 Days Ago
Location
5108 Rainbow Rd, Midland, TX 79707, USA|Arbor Park
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Amenities for 5108 Rainbow Rd, Arbor Park
Apartment Amenities
| Central Air | Furnished |
| Utilities Included |
Appliances
| Dishwasher | In-Unit Laundry |
Grounds
| 2 Parking Spaces | Garage Parking |
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.
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About 5108 Rainbow Rd
Property Status: Active *CORPORATE** Charming 3 Bedroom, 2 Bath, 2 car garage home close to Bush Elementary. Fully furnished and equipped! Utilities paid: electricity, water, internet. Just bring your personal items and make yourself at home!! Office Phone: (432) 684-7788 Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5108 Rainbow Rd compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.5 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Arbor Park |
|---|---|
| Zip code | 79707 |
| Type | Apartment for rent |
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Rent trends in Arbor Park
Median rents as of Feb 14 2026.
Arbor Park
Midland
| Month | Median Rent |
|---|---|
| March 2024 | $1,598 |
| April 2024 | $1,640 |
| May 2024 | $1,648 |
| June 2024 | $1,541 |
| July 2024 | $1,604 |
| August 2024 | $1,591 |
| September 2024 | $1,597 |
| October 2024 | $1,585 |
| November 2024 | $1,577 |
| December 2024 | $1,604 |
| January 2025 | $1,586 |
| February 2025 | $1,549 |
| March 2025 | $1,656 |
| April 2025 | $1,699 |
| May 2025 | $1,717 |
| June 2025 | $1,642 |
| July 2025 | $1,627 |
| August 2025 | $1,604 |
| September 2025 | $1,567 |
| October 2025 | $1,565 |
| November 2025 | $1,526 |
| December 2025 | $1,524 |
| January 2026 | $1,533 |
| February 2026 | $1,540 |
| Month | Median Rent |
|---|---|
| October 2015 | $1,200 |
| December 2016 | $1,000 |
| July 2017 | $1,200 |
Affordability calculator
Can I afford to live at 5108 Rainbow Rd?
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
$130,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $130,000 annually to afford this 3-bedrooms monthly rent price of $3,250.
For more information on rent affordability, visit our rent calculator.
Schools near 5108 Rainbow Rd
Bush Elementary School
5001 preston dr
midland, TX, 79707
PK, K-6Public
B-
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Internet available near 5108 Rainbow Rd
Neighborhood
Arbor Park | Midland, TX
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Midland near 5108 Rainbow Rd
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 5108 Rainbow Rd, Midland
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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