
Cheap Apartments for Rent near Bluewater, NM from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Bluewater.


The Beach

Villa Hermosa

Mesa Ridge Apartments

Tierra Linda

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Taylor Ranch

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Entrada Pointe

Del Rio Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

45 Baca

Total Monthly Price
Aydan

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The Aubry

Puerta Del Sol

Total Monthly Price
Stride West

Total Monthly Price
Circ

Eagle Ranch Apartments

Total Monthly Price
Diamond Mesa
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Resort at Sandia Village

Villas @ Rio

The Dillon Luxury Apartments

Wintergreen Apartments

Via Vista Apartment Community

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Overture Andalucia 55+ Active Adult Apartment Homes

Andalucia Villas

Total Monthly Price
Cantata at the Trails
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Q @ Bosque Trail

Canon de Arrowhead

Marbella-Income Restricted Waitlist

Adobe Manor Apartments

Route 66 Headquarters

El Campo Apartments

Tierra Pointe

Volcanes Commons
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Ceja Vista Senior 55+

Welcome Home To Rio Volcan!

Generations at West Mesa

Phoenix Apartments

628 Pontiac Dr SW

915 Blackbird Dr SW

11012 Hackamore Ave SW

9623 Gemstone Rd SW
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Bluewater, NM Local Guide

How much does it cost to rent an apartment in Bluewater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bluewater Studio Apartments | $1,394 | $840 | $1,826 |
| Bluewater 1 Bedroom Apartments | $1,490 | $785 | $2,079 |
| Bluewater 2 Bedroom Apartments | $1,778 | $895 | $3,523 |
| Bluewater 3 Bedroom Apartments | $2,197 | $1,150 | $3,930 |
| Bluewater 4 Bedroom Apartments | $2,927 | $1,300 | $3,683 |
Browse Top Apartments in Bluewater
See all Apartments in BluewaterExplore Bluewater
Bluewater, NM Local Guide
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Cheapest Available Bluewater Apartments for Rent and Nearby
 The cheapest available apartment rental in Bluewater, NM is a Studio unit found at Tierra Pointe in the Ironhorse at El Rancho Grande neighborhood priced from $887. Welcome Home To Rio Volcan! in the Rancho Encantado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here is today’s list of the most affordable Bluewater apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $887 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Villa Hermosa | The Pueblo | 2BR,1BA | $1,013 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1,031 |
| Tierra Linda | A1 | 1BR,1BA | $1,088 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1,089 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1,154 |
| Taylor Ranch | Birch | 1BR,1BA | $1,189 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1,199 |
| Aydan | Pinon Renovated | 1BR,1BA | $1,213 |
Best Value Apartments for Rent in Bluewater, NM and Nearby
As of August 09, 2026 the best value apartment in the Bluewater area is the $1.59 price per square foot Verdant 2-Car Garage Attached Model at Via Verde in the in the Paradise Hills neighborhood starting from $2,135. The second greatest value Bluewater apartment is the 3bed 2 bath Model at Resort at Sandia Village starting at $1,832 with a $1.58 price per square foot in the Sunrise Village at Northern Meadows neighborhood. Here is today’s list of the best values for Bluewater apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Via Verde | Verdant 2-Car Garage Attached | 2BR,2.5BA | $1.59 |
| Resort at Sandia Village | 3bed 2 bath | 3BR,2BA | $1.58 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Circ | Madison | 1BR,1BA | $1.67 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.34 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.67 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.38 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.53 |
| Tierra Linda | A1 | 1BR,1BA | $1.61 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1.67 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bluewater, NM Rentals by Map
See the most popular apartments and homes in Bluewater, NM
Frequently Asked Questions about Cheap Bluewater Apartments
How much is rent for a Cheap One Bedroom Bluewater Apartment?
The lowest price for a Cheap One Bedroom Bluewater Apartment is $964 at Welcome Home To Rio Volcan!.
What is the lowest price for a Cheap Two Bedroom Bluewater Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Bluewater is starting from $1,013 at Villa Hermosa.
What is the most affordable Bluewater Three Bedroom Apartment?
The best deal on a cheap Bluewater Three Bedroom Apartment rental is at Canon de Arrowhead and starts from $1,331.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.