Cheap Apartments for Rent in Alto, NM from $500 (20 Rentals)

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

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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

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

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

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

708 W 13th St

708 W 13th StRoswell, NM 88201
  • Smoke Free

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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 311 Mechem Dr priced from $550. Sierra Vista Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Alto apartments for rent:

Apartment ListingModel NameBed/BathPriced From
311 Mechem DrStudioStudio,1BA$550
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$650
Saddlecreek ApartmentsCottonwood1BR,1BA$720
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$773

Best Value Apartments for Rent in Alto, NM and Nearby

As of September 18, 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
Villas of Briar Ridge2 Bed, 1 Bath2BR,1BA$1.31
5076 Inspiration Ln, Unit 5076 Inspiration Lane5076 Inspiration Ln2BR,1BA$1.13
Woodlands Cabins2 bed2BR,1BA$1.62
Spring River Luxury Apartment HomesA11BR,1BA$2.01
Sierra Vista Village2B/1B1BR,1BA$1.42
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
Mirador ApartmentsEfficiencyStudio ,1BA$2.02

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

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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 311 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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.

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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.