
Cheap Apartments for Rent near Cerro, NM from $353 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Cerro.


Loma Parda 55+

Taos Haus +6

Ochenta Apartments

El Cerrito

Myrtle Apartments - All Utilities Included

Santa Fe Suites

4490 Bent Brothers Blvd

Casitas Del Bella
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.

Vista Alegre Apartments

Elevate at Oslo

Evergreen Apartments

Dakota Canyon

Talavera Apartment Homes

Rancho Carrera Apartments

Vizcaya

Artista

Mesa Del Norte
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.

Canyon Walk Income Restricted

Total Monthly Price
Local 1896

Cielo Luxury Living Apartments

Presidium Casa Siena

Total Monthly Price
Turquesa

Camino Real Apartments

Soleras Station

Pagosa Spring Apartments

Sierra Blanca Senior Living
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.

1110.5 Alamosa Ave

1125 3rd St

122 10th St

909 3rd St

518 8th St

415 State St

1005 Denver Ave

413 Denver Ave

510 S Ash St
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.

6894A CO-12

Casa Loma Apartments

309 W Colorado Ave

1710 W 7th St

33812 CO-12

717 10th St

717 10th St

1405 Garfield Ave

501 S Chestnut St
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.

Vista Linda

San Isidro - Washer/Dryer Included
Cerro, NM Local Guide

How much does it cost to rent an apartment in Cerro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cerro Studio Apartments | $1,242 | $900 | $2,183 |
| Cerro 1 Bedroom Apartments | $1,657 | $491 | $2,958 |
| Cerro 2 Bedroom Apartments | $2,179 | $582 | $4,196 |
| Cerro 3 Bedroom Apartments | $3,002 | $1,084 | $4,324 |
| Cerro 4 Bedroom Apartments | $2,476 | $2,350 | $2,639 |
Browse Top Apartments in Cerro
See all Apartments in CerroExplore Cerro
Cerro, NM Local Guide
- Nearby Cities
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Cheapest Available Cerro Apartments for Rent and Nearby
 The cheapest available apartment rental in Cerro, NM is a 1 Bed unit found at Tierra Montosa priced from $353. Taos Haus +6 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $592. Here is today’s list of the most affordable Cerro apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Montosa | 1 Bedroom | 1BR,1BA | $353 |
| Taos Haus +6 | 2 Bedrooms | 2BR,1BA | $592 |
| Ochenta Apartments | 2 Bedrooms | 2BR,1BA | $739 |
| El Cerrito | 2 BR | 2BR,1BA | $749 |
| Santa Fe Suites | Studio | Studio,1BA | $900 |
| 4490 Bent Brothers Blvd | 1 Bed, 1 bath | 1BR,1BA | $900 |
| Myrtle Apartments - All Utilities Included | Studio | Studio,1BA | $900 |
| Casitas Del Bella | Efficiency w/ stove top | Studio,1BA | $925 |
| Sierra Blanca Senior Living | Studio | Studio,1BA | $1,100 |
| Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,178 |
Best Value Apartments for Rent in Cerro, NM and Nearby
As of August 29, 2026 the best value apartment in the Cerro area is the $1.78 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,350. The second greatest value Cerro apartment is the B15W Model at Presidium Casa Siena starting at $1,593 with a $1.45 price per square foot in the Pueblos Del Sol neighborhood. Here is today’s list of the best values for Cerro apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Bluffs at Tierra Contenta | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.78 |
| Presidium Casa Siena | B15W | 2BR,2BA | $1.45 |
| Cielo Luxury Living Apartments | Two Bedroom | 2BR,2BA | $1.83 |
| El Cerrito | 2 BR | 2BR,1BA | $0.77 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.58 |
| Ochenta Apartments | 2 Bedrooms | 2BR,1BA | $0.97 |
| Taos Haus +6 | 2 Bedrooms | 2BR,1BA | $0.70 |
| Mesa Del Norte | 2x1 | 2BR,1BA | $1.74 |
| Tierra Montosa | 1 Bedroom | 1BR,1BA | $0.49 |
| 4490 Bent Brothers Blvd | 1 Bed, 1 bath | 1BR,1BA | $1.50 |
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 ArticleReal 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.
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!
Explore Cerro, NM Rentals by Map
See the most popular apartments and homes in Cerro, NM
Frequently Asked Questions about Cheap Cerro Apartments
What is the Cheapest Studio apartment in Cerro?
Currently the most affordable Cheap Studio Apartment in Cerro is at Santa Fe Suites listed at $900.
How much is rent for a Cheap One Bedroom Cerro Apartment?
The lowest price for a Cheap One Bedroom Cerro Apartment is $353 at Tierra Montosa.
What is the lowest price for a Cheap Two Bedroom Cerro Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cerro is starting from $592 at Taos Haus +6.
What is the most affordable Cerro Three Bedroom Apartment?
The best deal on a cheap Cerro Three Bedroom Apartment rental is at Taos Haus +6 and starts from $681.
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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.