Cheap Apartments for Rent in Alamogordo, NM from $400 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alamogordo.

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Cottonwood Commons
1 to 3 Bedroom Apartments

Cottonwood Commons

1220 Jefferson AveAlamogordo, NM 88310

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Pines Apartments
Studio Apartments

The Pines Apartments

2100 Stardust CtAlamogordo, NM 88310
  • Utilities Included
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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345

Alamogordo, NM Local Guide

Cheapest Available Alamogordo Apartments for Rent

 

The cheapest available apartment rental in Alamogordo, NM is a Studio unit found at 311 Mechem Dr priced from $550. Telshor Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Alamogordo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
311 Mechem DrStudioStudio,1BA$550
Telshor Terrace Apartments1X11BR,1BA$925
Park PlaceLarge One Bedroom1BR,1BA$950

Best Value Apartments for Rent in Alamogordo, NM

As of July 24, 2025 the best value apartment in the Alamogordo area is the $1.35 price per square foot BTH Model at Las Ventanas in the starting from $1,799. The second greatest value Alamogordo apartment is the 4201 Northrise Dr Model at 4201 Northrise Dr, Unit 506 starting at $1,550 with a $1.29 price per square foot . Here is today’s list of the best values for Alamogordo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Las VentanasBTH2BR,2BA$1.35
4201 Northrise Dr, Unit 5064201 Northrise Dr2BR,2BA$1.29
Alexis Apartments2 Bedroom2BR,2BA$1.26
311 Mechem Dr3 BR3BR,2BA$1.30
Casas De SoledadA31BR,1BA$1.56
Juniper Apartments2BR/1.0BA2BR,1BA$1.28
Telshor Terrace Apartments1X11BR,1BA$1.35
Park PlaceLarge One Bedroom1BR,1BA$1.52
Woodlands Cabins1 Bed1BR,1BA$2.10

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Alamogordo, NM

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Alamogordo Apartments

What is the Cheapest Studio apartment in Alamogordo?

Currently the most affordable Cheap Studio Apartment in Alamogordo is at 311 Mechem Dr listed at $550.

How much is rent for a Cheap One Bedroom Alamogordo Apartment?

The lowest price for a Cheap One Bedroom Alamogordo Apartment is $700 at 311 Mechem Dr.

What is the lowest price for a Cheap Two Bedroom Alamogordo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alamogordo is starting from $750 at 311 Mechem Dr.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.