Cheap Apartments for Rent near Caprock, NM from $300 (32 Rentals)

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

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.

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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.

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Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

300 E White StHobbs, NM 88240
  • Utilities Included
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Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
  • Utilities Included

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.

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Park Place
1 to 3 Bedroom Apartments

Park Place

920 E Michigan AveHobbs, NM 88240
  • Utilities Included
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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
Corporate Housing
  • Smoke Free
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101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included

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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Showing Results 1-32, Page 1 of 1

Caprock, NM Local Guide

Cheapest Available Caprock Apartments for Rent and Nearby

 

The cheapest available apartment rental in Caprock, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Caprock apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hotel Clovis Lofts1 Bedroom1BR,1BA$463
Andalusia Aprtments1 Bedroom1BR,1BA$463
Roselawn ManorOne Bedroom1BR,1BA$517
La Pradera1 Bedroom1BR,1BA$519
Wilshire Gardens 55+2 BR2BR,1BA$676
Mirador Apartments1 BEDROOM1BR,1BA$700
Sierra Vista Village2B/1B SS2BR,1BA$700
Playa Escondida3 Bedrooms3BR,2BA$709
1103 N Washington Ave1 bed 1 bath1BR,1BA$750
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$820

Best Value Apartments for Rent in Caprock, NM and Nearby

As of August 03, 2026 the best value apartment in the Caprock area is the $1.22 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,345. The second greatest value Caprock apartment is the 3 Bedrooms Model at Hotel Clovis Lofts starting at $844 with a $0.84 price per square foot . Here is today’s list of the best values for Caprock apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.22
Hotel Clovis Lofts3 Bedrooms3BR,2BA$0.84
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$0.90
La Pradera2 Bedrooms2BR,1BA$0.68
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
1103 N Washington Ave1 bed 1 bath1BR,1BA$1.00
Mirador Apartments1 BEDROOM1BR,1BA$1.09
Sierra Vista Village2B/1B1BR,1BA$1.17
Roselawn ManorOne Bedroom1BR,1BA$0.88

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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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 Caprock, NM Rentals by Map

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See the most popular apartments and homes in Caprock, NM

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Frequently Asked Questions about Cheap Caprock Apartments

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

The lowest price for a Cheap One Bedroom Caprock Apartment is $463 at Hotel Clovis Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Caprock is starting from $563 at Hotel Clovis Lofts.

What is the most affordable Caprock Three Bedroom Apartment?

The best deal on a cheap Caprock Three Bedroom Apartment rental is at Andalusia Aprtments and starts from $653.

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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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.

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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.

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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.

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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.