Cheap Apartments for Rent in Alto, NM from $500 (13 Rentals)

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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.

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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace 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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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345

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$700
Pueblo ChamisaLea - One Bedroom1BR,1BA$720

Best Value Apartments for Rent in Alto, NM and Nearby

As of July 04, 2025 the best value apartment in the Alto area is the $0.92 price per square foot 3 Bed, 2 Bath Model at Villas of Briar Ridge in the starting from $1,099. The second greatest value Alto apartment is the 3 BR Model at 301 Mechem Dr starting at $1,650 with a $1.65 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.
Villas of Briar Ridge3 Bed, 2 Bath3BR,1.5BA$0.92
301 Mechem Dr3 BR3BR,2BA$1.65
311 Mechem Dr3 BR3BR,2BA$1.30
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
205 Mechem Dr1 BR1BR,1BA$1.23
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
Saddlecreek ApartmentsCottonwood1BR,1BA$1.71
Mirador ApartmentsEfficiencyStudio ,1BA$1.90

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Location, Location, Location!

Explore Alto, NM Rentals by Map

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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 $700 at 205 Mechem Dr.

What is the most affordable Alto Three Bedroom Apartment?

The best deal on a cheap Alto Three Bedroom Apartment rental is at 205 Mechem Dr and starts from $1,000.

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.