Cheap Apartments for Rent near Corona, NM from $500 (63 Rentals)

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

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Tesota Four Hills
Rent Specials
$746 - $2,569
Total Monthly Price

Total Monthly Price

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$746 - $2,569
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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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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Tesota Midtown
Rent Specials
$857 - $1,607
Total Monthly Price

Total Monthly Price

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$857 - $1,607
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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Studios on Route 66
Rent Specials
$900 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,100
Total Monthly Price
$900 - $1,100
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
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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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Arrowhead Pointe
Rent Specials
$1,013 - $1,592
Total Monthly Price

Total Monthly Price

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$1,013 - $1,592
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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MOUNTAIN VISTA
Rent Specials
$1,020 - $1,674
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,674
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1 to 3 Bedroom Apartments Available Now

MOUNTAIN VISTA

1501 Tramway Blvd NEAlbuquerque, NM 87112
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The Reserve
$1,143 - $1,620
Total Monthly Price

Total Monthly Price

Base Rent
$1,143 - $1,620
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1 to 3 Bedroom Apartments Available Now

The Reserve

1001 Tramway Blvd NEAlbuquerque, NM 87112
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The June
Rent Specials
$1,176 - $1,658
Total Monthly Price

Total Monthly Price

Base Rent
$1,176 - $1,658
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
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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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Lumen
Rent Specials
$1,405 - $1,737
Total Monthly Price

Total Monthly Price

Base Rent
$1,405 - $1,737
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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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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311 Mechem Dr
Studio to 3 Bedroom Apartments

311 Mechem Dr

311 Mechem 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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Whispering Sands
1 to 2 Bedroom Apartments

Whispering Sands

12720 Central Ave SEAlbuquerque, NM 87123
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134-136 Altez St NE
2 Bedroom Apartments

134-136 Altez St NE

134-136 Altez St NEAlbuquerque, NM 87123
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Palazzo Apartments
1 to 3 Bedroom Apartments

Palazzo Apartments

14124 Copper Ave NEAlbuquerque, NM 87123

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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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345
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Los Altos Towers
Studio to 2 Bedroom Apartments

Los Altos Towers

9125 Copper Ave NEAlbuquerque, NM 87123
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Coyote Point
2 Bedroom Apartments

Coyote Point

13500 Skyline Rd NEAlbuquerque, NM 87123
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Panorama Heights
1 to 2 Bedroom Apartments

Panorama Heights

13309 Mountain RdAlbuquerque, NM 87112
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The Valencia
1 to 3 Bedroom Apartments

The Valencia

1020 Valencia DrAlbuquerque, NM 87108
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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801
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Pine Park Apartments
Studio to 2 Bedroom Apartments

Pine Park Apartments

8201 Marquette Ave NEAlbuquerque, NM 87108
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Borderman's Reef
1 to 2 Bedroom Apartments

Borderman's Reef

11201 Lomas Blvd NEAlbuquerque, NM 87112
  • Utilities Included

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.

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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 The Loop at 950 in the South San Pedro neighborhood priced from $645. Home @ Valencia in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Corona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
Home @ Valencia1bd/1ba1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Cinnamon Tree ApartmentsStudioStudio,1BA$724
La Tierra 55+1 Bedroom1BR,1BA$770
Tesota Four HillsB1R2BR,1BA$794
Whispering SandsOne Bedroom One Bath1BR,1BA$799
The Portals ApartmentsA11BR,1BA$800
El Pueblo - Ultimate Urban LivingStudioStudio,1BA$840
Cloudview Terrace2Bd/1Bath LOFT2BR,1BA$850

Best Value Apartments for Rent in Corona, NM and Nearby

As of July 24, 2026 the best value apartment in the Corona area is the $1.08 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,311. The second greatest value Corona apartment is the 3 Bedroom 2 Bathroom Model at The Ridge starting at $1,430 with a $1.27 price per square foot in the South Los Altos neighborhood. 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.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$1.08
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.27
La Tierra 55+2 Bedrooms2BR,1BA$1.16
Cloudview Terrace2Bd/1Bath LOFT2BR,1BA$1.08
Tesota Four HillsB1R2BR,1BA$1.08
The Portals ApartmentsA11BR,1BA$1.14
Monterey Manor ApartmentsKaloSolo-Premium1BR,1BA$1.33
White Oak Apartments1x11BR,1BA$1.03
Whispering SandsOne Bedroom One Bath1BR,1BA$1.23
Home @ Valencia1bd/1ba1BR,1BA$1.26

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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Corona, NM Rentals by Map

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See the most popular apartments and homes in Corona, NM

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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 The Loop at 950 listed at $645.

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

The lowest price for a Cheap One Bedroom Corona Apartment is $695 at Home @ Valencia.

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 $794 at Tesota Four Hills.

What is the most affordable Corona Three Bedroom Apartment?

The best deal on a cheap Corona Three Bedroom Apartment rental is at Aspen Ridge and starts from $1,184.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.