Apartments for Rent in Tech Terrace- U.N.I.T., Lubbock, TX

Tech Terrace- U.N.I.T., Lubbock apartment availability

Tech Terrace- U.N.I.T. offers a strong selection of rental listings, with an average of 126 rentals available each month in 2024. The neighborhood's rental market primarily features 2-bedroom and 3-bedroom apartments, with a smaller selection of 1-bedroom apartments and studios. Many of these rentals come with desirable amenities, including dishwashers, in-unit laundry, and outdoor spaces. Specifically, 33% of rentals feature dishwashers, 41% offer in-unit laundry, and 28% provide outdoor spaces. This mix of amenities and apartment sizes makes Tech Terrace- U.N.I.T. a versatile option for renters in Lubbock.

Tech Terrace- U.N.I.T., Lubbock rental market trends

The Tech Terrace- U.N.I.T. neighborhood in Lubbock saw a modest increase in rent prices last year, with an average monthly rent of $1,509.73, representing a year-over-year increase of 2.95%. Breaking it down by bed count, 1-bedrooms averaged $725.87 per month, with a 2.8% annual increase, while 2-bedrooms averaged $1,252.52, with a slight decrease of 0.68% compared to the previous year. Studios averaged $703.21, with a 2.29% annual increase.

Rent prices in Tech Terrace- U.N.I.T. tend to fluctuate throughout the year, with December typically seeing the highest rent prices, about 8% higher than the lowest point in May. If you're looking for a new apartment, May might be a good time to find a deal. On the other hand, if you're looking to rent out a property, December may be the best time to capitalize on higher demand. Keep in mind that these trends can help inform your decision, but it's always a good idea to research and visit the area to get a better sense of the local market.

Why Tech Terrace- U.N.I.T., Lubbock is a great place to live

We've analyzed data from the last few years to understand what makes Tech Terrace- U.N.I.T. a desirable neighborhood in Lubbock. It's clear that this area excels in catering to social lifestyles and pet owners.

The neighborhood's vibrant social scene is supported by a variety of restaurants, well-designed street infrastructure, and convenient transit options. Additionally, its strong safety record and high walk score make it an ideal location for those who value an active social life.

For pet owners, Tech Terrace- U.N.I.T. offers a range of pet-friendly amenities, including designated pet waste areas, spacious accommodations, and pet-safe windows. Many apartments in the area also feature outdoor spaces and allow pets without restrictions, making it a great choice for renters with furry friends. If you prioritize socializing or pet ownership, Tech Terrace- U.N.I.T. is definitely worth considering.