Cheap Apartments for Rent in Alto, NM from $500 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

close
View Me
205 Mechem Dr
Studio Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
close
View Me
100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
close
View Me
Sierra Vista Village
1 to 2 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
  • Utilities Included
close
View Me
708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
  • Smoke Free
close
View Me
301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Alto, NM Local Guide

Cheapest Available Alto Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alto, NM is a Studio unit found at 205 Mechem Dr priced from $550. 311 Mechem Dr has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Alto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
205 Mechem DrStudioStudio,1BA$550
311 Mechem DrStudioStudio,1BA$550
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$650
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$773

Best Value Apartments for Rent in Alto, NM and Nearby

As of August 28, 2025 the best value apartment in the Alto area is the $1.30 price per square foot 3 BR Model at 311 Mechem Dr in the starting from $1,300. The second greatest value Alto apartment is the 1 Bedroom Model at 1206 Cuba Rd starting at $1,000 with a $1.05 price per square foot . Here is today’s list of the best values for Alto apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
311 Mechem Dr3 BR3BR,2BA$1.30
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Woodlands Cabins2 bed2BR,1BA$1.62
6550 Columbus Dr, Unit 6550 Columbus Dr.# 26550 Columbus Dr2BR,1BA$1.25
Spring River Luxury Apartment HomesA11BR,1BA$2.01
Sierra Vista Village2B/1B1BR,1BA$1.42
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
2207 W Juniper St, Unit A2207 W Juniper St1BR,1BA$1.79
205 Mechem DrStudioStudio ,1BA$1.10
Mirador ApartmentsEfficiencyStudio ,1BA$2.02

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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

Explore Alto, NM Rentals by Map

View Map
Alto, NM Apartments Map
View Map
Alto, NM Rental Homes Map

Getting Around Alto, NM

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

4 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Alto Apartments

What is the Cheapest Studio apartment in Alto?

Currently the most affordable Cheap Studio Apartment in Alto is at 205 Mechem Dr listed at $550.

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

The lowest price for a Cheap One Bedroom Alto Apartment is $650 at Sierra Vista Village.

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

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

What is the most affordable Alto Three Bedroom Apartment?

The best deal on a cheap Alto Three Bedroom Apartment rental is at Mesa Verde - FREE Utilities and starts from $1,073.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.