Cheap Homes for Rent in Cerrillos, NM from $1,000 (12 Rentals)

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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.

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.

Cerrillos, NM Local Guide

Cheapest Available Cerrillos Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cerrillos, NM is a 1 Bed unit found at Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $895. Santa Fe Suites in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here is today’s list of the most affordable Cerrillos apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$895
Santa Fe SuitesStudioStudio,1BA$899
Casitas Del BellaEfficiency Grey WallsStudio,1BA$925
Copper Hills2x12BR,1BA$999
Sierra Blanca Senior LivingStudioStudio,1BA$1,100

Best Value Apartments for Rent in Cerrillos, NM and Nearby

As of May 09, 2026 the best value apartment in the Cerrillos area is the $1.64 price per square foot 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $1,999. The second greatest value Cerrillos apartment is the 2 Bedroom 2 Bath Model at Allegro at Tanoan starting at $1,687 with a $1.68 price per square foot in the Foothills neighborhood. Here is today’s list of the best values for Cerrillos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR,2.5BA$1.64
Allegro at Tanoan2 Bedroom 2 Bath2BR,2BA$1.68
Copper Hills2x22BR,2BA$1.13
Sandoval Flats2AA (Wheelchair Accessible)2BR,2BA$1.31
La Mirage Apartment HomesTijeras2BR,2BA$1.67
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.65
Rancho Carrera ApartmentsTwo Bedroom2BR,2BA$1.75
Enchanted HillsDiego2BR,1BA$1.74
Evergreen Apartments1x1-B1BR,1BA$1.70
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.77

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!

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Frequently Asked Questions about Cerrillos

What type of rentals are currently available in Cerrillos?

There are currently 46 Apartments for Rent in Cerrillos, NM with pricing that ranges from $899 to $3,058. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cerrillos ranging from $1,050 to $4,000.

What is the current price range for Rental Homes in Cerrillos?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cerrillos ranges from $1,050 to $4,000 with an average monthly rent of $2,399.

How much are larger Three and Four Bedroom Rentals in Cerrillos?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cerrillos range from $1,488 to $2,964, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,646.

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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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.

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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.