
Cheap Homes for Rent in Caballo, NM from $1,300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Caballo.


4842 Calle Bella Ave

3974 Sombra Morada Rd

5120 Kensington

4945 Chesney Rd
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.

4864 Camino Dos Vidas

112 Romero Dr

4815 Calle Bella Ave

2950 Ysleta Ct

4023 Apache Pine Pl
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.

4024 Apache Pine Pl
Caballo, NM Local Guide

How much does it cost to rent a home in Caballo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Caballo 3 Bedroom Homes for Rent | $1,974 | $1,395 | $3,200 |
| Caballo 4 Bedroom Homes for Rent | $2,018 | $1,495 | $2,500 |
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Caballo, NM Local Guide
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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. 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 $750. Here is today’s list of the most affordable Caballo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mira Vista Villas Senior Living | One Bedroom/1 Bath | 1BR,1BA | $474 |
| Casitas at 805 N 17Th St. | Studio | Studio,1BA | $750 |
| Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $750 |
| 340 Las Cruces | Peaceful courtyard | 1BR,1BA | $765 |
| Nambe Ct | 1b-1bath | 1BR,1BA | $767 |
Best Value Apartments for Rent in Caballo, NM and Nearby
As of December 25, 2025 the best value apartment in the Caballo area is the $1.16 price per square foot 2 Bedroom Townhouse Model at Alexis Apartments in the starting from $1,275. The second greatest value Caballo apartment is the Three Bedrooms Model at Vista Montana starting at $829 with a $0.81 price per square foot in the Downtown Las Cruces neighborhood. Here is today’s list of the best values for Caballo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alexis Apartments | 2 Bedroom Townhouse | 2BR,2.5BA | $1.16 |
| Vista Montana | Three Bedrooms | 3BR,2BA | $0.81 |
| Pavilions At University | Aggie | 2BR,2BA | $1.28 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Country Crest Apartment Homes | 2 bed 2 bath- W/D and refrigerated air | 2BR,2BA | $1.17 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Telshor Terrace Apartments | 2X1 | 2BR,1BA | $1.24 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
| Nambe Ct | 1b-1bath | 1BR,1BA | $1.18 |
| Mira Vista Villas Senior Living | One Bedroom/1 Bath | 1BR,1BA | $0.78 |
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 ArticleThe 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.
Read ArticleCash 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.
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!
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Frequently Asked Questions about Caballo
What type of rentals are currently available in Caballo?
There are currently 45 Apartments for Rent in Caballo, NM with pricing that ranges from $357 to $3,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Caballo ranging from $1,395 to $3,200.
What is the current price range for Rental Homes in Caballo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Caballo ranges from $1,395 to $3,200 with an average monthly rent of $1,996.
How much are larger Three and Four Bedroom Rentals in Caballo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Caballo range from $487 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $915.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!