Apartments for Rent in South Overton, Lubbock, TX

South Overton, Lubbock apartment availability

South Overton's rental market offers a good selection of listings, with an average of about 78 rentals available each month. The neighborhood's inventory is comprised mostly of 1-bedroom apartments, followed by 2-bedroom and 3-bedroom units. Many of these apartments cater to pet owners, with about 31% of rentals allowing small pets or having pet-friendly policies with restrictions. This makes South Overton a suitable option for renters with pets. With a range of bedroom sizes and pet-friendly amenities, South Overton is worth considering for those looking for a rental in Lubbock.

South Overton, Lubbock rental market trends

South Overton, Lubbock's rental market has experienced a notable shift in 2024. The average monthly rent across all property types has decreased by 11.8% year-over-year, settling at approximately $868. This decline is largely driven by changes in 2-bedroom rentals, which have seen a 4.9% drop in rent prices. In contrast, studio apartments have witnessed a significant 32.8% increase in rent prices, now averaging $970 per month.

The most expensive month to rent in South Overton is November, with prices peaking at 32.7% higher than the lowest month, July. For renters looking for a more affordable option, July presents a prime opportunity to find a deal. Despite the overall decline in rent prices, 3-bedroom rentals have seen a modest 2.8% increase, averaging $1,338 per month. As the rental market in South Overton continues to evolve, renters should be mindful of these trends to secure the best possible rates.

Why South Overton, Lubbock is a great place to live

South Overton stands out as a top choice for renters prioritizing social living and environmental sustainability. According to 2024 data, the neighborhood's focus on eco-friendly features, such as non-toxic paint, rainwater harvesting, and sustainable materials in construction, make it an attractive option for those seeking a green lifestyle. Additionally, its high walk score, parks, and community solar projects further contribute to its environmental appeal. South Overton's vibrant social scene is also noteworthy, with a variety of restaurants, well-developed street infrastructure, and frequent transit options, making it easy for residents to get out and connect with friends. With safety being a consideration in the neighborhood's design, South Overton offers a unique blend of social and sustainable living.