Cheap Apartments for Rent in Corona, NM from $500 (15 Rentals)

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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345
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Corona, NM Local Guide

Cheapest Available Corona Apartments for Rent and Nearby

 

The cheapest available apartment rental in Corona, NM is a Studio unit found at 311 Mechem Dr priced from $550. Loop @950 in the South San Pedro neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Corona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
311 Mechem DrStudioStudio,1BA$550
Loop @9500x1 - 410Studio,1BA$725
Home @ Valencia1bd/1ba1BR,1BA$750
Las Brisas1 Bed, 1 Bath1BR,1BA$828
Lomas Gardens1BR/1.0BA1BR,1BA$835

Best Value Apartments for Rent in Corona, NM and Nearby

As of July 30, 2025 the best value apartment in the Corona area is the $1.48 price per square foot 3 Bedroom Model at Zia Townhomes in the in the South Los Altos neighborhood starting from $2,095. The second greatest value Corona apartment is the 3 BR Model at 311 Mechem Dr starting at $1,300 with a $1.30 price per square foot . Here is today’s list of the best values for Corona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Zia Townhomes3 Bedroom3BR,2BA$1.48
311 Mechem Dr3 BR3BR,2BA$1.30
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Monterey Manor ApartmentsKaloDuo-Premium2BR,1BA$1.42
River Rock ApartmentsKaloSolo-Premium1BR,1BA$1.42
Panorama HeightsOne Bedroom1BR,1BA$1.47
Lomas Gardens1BR/1.0BA1BR,1BA$1.19
Whispering SandsOne Bedroom One Bath1BR,1BA$1.35
Las Brisas1 Bed, 1 Bath1BR,1BA$1.36
Home @ Valencia1bd/1ba - Rehabbed1BR,1BA$1.45

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Getting Around Corona, NM

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 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 Corona Apartments

What is the Cheapest Studio apartment in Corona?

Currently the most affordable Cheap Studio Apartment in Corona is at 311 Mechem Dr listed at $550.

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

The lowest price for a Cheap One Bedroom Corona Apartment is $700 at 311 Mechem Dr.

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

Today's best deal for a Cheap Two Bedroom Apartment in Corona is starting from $750 at 311 Mechem Dr.

What is the most affordable Corona Three Bedroom Apartment?

The best deal on a cheap Corona Three Bedroom Apartment rental is at 311 Mechem Dr and starts from $1,300.

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.

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