Cheap Apartments for Rent in Caballo, NM from $600 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-16, 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 Studio unit found at Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood priced from $725. 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
Casitas at 805 N 17Th St.StudioStudio,1BA$725
Mountain Springs Pointe1 Bedroom1BR,1BA$750
Three Sisters Apts - Income RestrictionsOne Bedroom1BR,1BA$755
1655 S MainContemporary1BR,1BA$795
OMNI-Centre SquareOne Bedroom1BR,1BA$825

Best Value Apartments for Rent in Caballo, NM and Nearby

As of July 21, 2025 the best value apartment in the Caballo area is the $1.23 price per square foot The Catlina Model at The Pavilions at South Fork in the starting from $1,350. The second greatest value Caballo apartment is the 2 Bedroom Model at Alexis Apartments starting at $1,295 with a $1.26 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 Pavilions at South ForkThe Catlina2BR,2BA$1.23
Alexis Apartments2 Bedroom2BR,2BA$1.26
Wyndchase Apartments (old)2bed 2bath2BR,2BA$1.16
Casa BanderaB1 up2BR,2BA$1.39
700 California Ave2 Bedroom2BR,1BA$1.17
Verge at Las Cruces2BR/2BA2BR,2BA$0.88
Woodcrest Apartments1 Bedroom1BR,1BA$1.28
Telshor Terrace Apartments1X11BR,1BA$1.35
OMNI-Centre SquareOne Bedroom1BR,1BA$1.38
Three Sisters Apts - Income RestrictionsOne Bedroom1BR,1BA$1.30

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.

decorative image of people with a giant lease agreement

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

Explore Caballo, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Caballo, NM

View MapCaballo, NM Apartments MapView MapCaballo, NM Rental Homes Map

Getting Around Caballo, NM

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $904 at Three Sisters Apts - Income Restrictions.

What is the most affordable Caballo Three Bedroom Apartment?

The best deal on a cheap Caballo Three Bedroom Apartment rental is at Three Sisters Apts - Income Restrictions and starts from $1,039.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.