Cheap Apartments for Rent in Caballo, NM from $300 (56 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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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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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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Caballo, NM Local Guide

Cheapest Available Caballo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Caballo, NM is a 3 Beds unit found at The Verge Las Cruces priced from $675. Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Caballo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Verge Las Cruces3BR/3BA - Unfurnished3BR,3BA$675
Casitas at 805 N 17Th St.StudioStudio,1BA$695
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 Bedroom1BR,1BA$795
Sierra VerdeLa Sierra1BR,1BA$845
OMNI-Centre SquareOne Bedroom1BR,1BA$845
Alta Tierra2 Bedrooms2BR,1BA$892

Best Value Apartments for Rent in Caballo, NM and Nearby

As of June 02, 2026 the best value apartment in the Caballo area is the $0.57 price per square foot 3BR/3BA Model at The Verge Las Cruces in the starting from $690. The second greatest value Caballo apartment is the The Catlina Model at The Pavilions at South Fork starting at $1,410 with a $1.28 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.
The Verge Las Cruces3BR/3BA3BR,3BA$0.57
The Pavilions at South ForkThe Catlina2BR,2BA$1.28
Colony Mesa ApartmentsCG 2 bedroom 1 bath2BR,1BA$0.89
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Pavilions At UniversityAggie2BR,2BA$1.11
The Miranda2bd/2ba2BR,1.5BA$0.93
Regency Pointe ApartmentsThe Royale2BR,1BA$1.13
700 California Ave2 Bedroom2BR,1BA$1.17
Alta Tierra2 Bedrooms2BR,1BA$1.14
Buena Vida1 Bedroom 1 Bath1BR,1BA$1.25

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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Real 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.

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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!

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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 $750 at Mountain Springs Pointe.

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 $892 at Alta Tierra.

What is the most affordable Caballo Three Bedroom Apartment?

The best deal on a cheap Caballo Three Bedroom Apartment rental is at The Verge Las Cruces and starts from $675.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.