Cheap Apartments for Rent in Caballo, NM from $300 (47 Rentals)

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

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.

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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.

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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 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-47, Page 1 of 1

Caballo, NM Local Guide

Cheapest Available Caballo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Caballo, NM is a 1 Bed unit found at Mira Vista Villas Senior Living in the Downtown Las Cruces neighborhood priced from $474. Mountain Springs Pointe in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Caballo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mira Vista Villas Senior LivingOne Bedroom/1 Bath1BR,1BA$474
Mountain Springs Pointe1 Bedroom1BR,1BA$750
Buena Vida1 Bedroom 1 Bath1BR,1BA$770
1655 S MainContemporary StudiosStudio,1BA$785
340 Las CrucesPeaceful courtyard1BR,1BA$785
Peachtree Canyon Apartments1 Bed, 1 bath1BR,1BA$795
OMNI-Centre SquareOne Bedroom1BR,1BA$825
Woodcrest Apartments1 Bedroom1BR,1BA$835
Sierra VerdeLa Sierra1BR,1BA$845
The Miranda1bd/1ba1BR,1BA$850

Best Value Apartments for Rent in Caballo, NM and Nearby

As of April 23, 2026 the best value apartment in the Caballo area is the $1.27 price per square foot The Calabria Model at Tuscany Villa and Estates in the starting from $1,425. The second greatest value Caballo apartment is the The Catlina Model at The Pavilions at South Fork starting at $1,399 with a $1.27 price per square foot . Here is today’s list of the best values for Caballo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tuscany Villa and EstatesThe Calabria2BR,2BA$1.27
The Pavilions at South ForkThe Catlina2BR,2BA$1.27
Alexis Apartments2 Bedroom2BR,2BA$1.13
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Regency Pointe ApartmentsThe Royale2BR,1BA$1.13
700 California Ave2 Bedroom2BR,1BA$1.17
Alta Tierra2 Bedrooms2BR,1BA$1.14
Woodcrest Apartments1 Bedroom1BR,1BA$1.19
Buena Vida1 Bedroom 1 Bath1BR,1BA$1.25
Mira Vista Villas Senior LivingOne Bedroom/1 Bath1BR,1BA$0.78

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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.

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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.

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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.

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

Explore Caballo, NM Rentals by Map

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Frequently Asked Questions about Cheap Caballo Apartments

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

The lowest price for a Cheap One Bedroom Caballo Apartment is $474 at Mira Vista Villas Senior Living.

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

Today's best deal for a Cheap Two Bedroom Apartment in Caballo is starting from $870 at Buena Vida.

What is the most affordable Caballo Three Bedroom Apartment?

The best deal on a cheap Caballo Three Bedroom Apartment rental is at Buena Vida and starts from $1,000.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.