Apartments for Rent in Parkway and Cherry Point, Lubbock, TX

Parkway and Cherry Point, Lubbock apartment availability

Parkway and Cherry Point's rental market offers a good selection of listings, with an average of 52 rentals available each month. The neighborhood's inventory is mostly comprised of 3-bedroom apartments, followed by 2-bedroom and 1-bedroom units. A notable feature of rentals in this area is their pet-friendliness, with over 70% of apartments allowing pets, either with or without restrictions. This makes Parkway and Cherry Point a great option for renters with furry friends.

Parkway and Cherry Point, Lubbock rental market trends

The Parkway and Cherry Point neighborhoods in Lubbock offer a relatively stable rental market, with a slight decrease in average rent prices across all property types in 2024. The average monthly rent now stands at around $1,017, a 0.3% decrease from the previous year.

Breaking down the data by bed count, 1-bedrooms saw a modest 2% increase, averaging $637 per month, while 2-bedrooms experienced a 2.6% decrease, now renting for around $846. 3-bedrooms saw a 1.9% increase, averaging $1,054 per month. Notably, studio apartments are no longer available in the area, a significant shift from the previous year.

Rent prices fluctuate throughout the year, with June being the most expensive month, 14.6% higher than December, the least expensive month. For renters looking for a better deal, December may be the best time to find a more affordable option, as more units are available than in-demand summer months.

Why Parkway and Cherry Point, Lubbock is a great place to live

Parkway and Cherry Point is a top choice for renters who value social living and pet friendliness. According to data, the neighborhood's social scene is enhanced by its transit frequency, well-maintained street infrastructure, and a mix of age groups among residents. A decent walk score and safety record also contribute to its appeal. Pet owners will appreciate the abundance of pet-friendly features, including spacious accommodations, pet-safe windows, and a range of pet events. With no restrictions on pets and reasonable pet deposits, Parkway and Cherry Point is an ideal location for those who consider their pets part of the family. Overall, this neighborhood offers a great balance of social opportunities and pet-friendly amenities, making it an attractive option for renters with varied interests.