4 Days Ago
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Pet Friendly
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506 East Municipal Drive, Lubbock, Texas 79403, United States|Parkway and Cherry Point
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Amenities for 506 East Municipal Drive, 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.
$900
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 East Municipal Drive
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Houses in LubbockParkway and Cherry Point 506 East Municipal Drive, Lubbock, Texas 79403, United States
Houses in LubbockParkway and Cherry Point 506 East Municipal Drive, Lubbock, Texas 79403, United States
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
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 East Municipal Drive cost about 14% less than the average rent price for 3-bedroom apartments in Parkway and Cherry Point.
Median rents as of Nov 22 2025.
Parkway and Cherry Point
Lubbock
| Month | Median Rent |
|---|---|
| December 2023 | $1,397 |
| January 2024 | $1,397 |
| February 2024 | $1,437 |
| 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 |
| Month | Median Rent |
|---|---|
| December 2023 | $950 |
| January 2024 | $957 |
| February 2024 | $960 |
| March 2024 | $1,013 |
| 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 | $1,012 |
Affordability calculator
Can I afford to live at 506 East Municipal Drive?
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 East Municipal Drive
Homebound
1628 19th st
lubbock, TX, 79401
PK, K-11Public
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Internet available near 506 East Municipal Drive
Getting around Lubbock near 506 East Municipal Drive
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 East Municipal Drive, 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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