Shallowater, TX Townhomes for Rent

The median rent for a townhouse in Shallowater, TX is $1,565 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

To comfortably afford the median rent in Shallowater, TX, a household needs to earn roughly $61,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,530 per month in Shallowater, TX, renters typically need to show $4,590 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

In Shallowater, TX, the price-to-rent ratio is 18.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

The best neighborhood for renting in Shallowater, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include North By Northwest, Bushland Springs, Maxey Park, West Lubbock and Far South Lubbock, each with its own character and price range.