Cheap Apartments for Rent in Corona, NM from $500 (21 Rentals)

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

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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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The Loop @950
Studio to 4 Bedroom Apartments

The Loop @950

950 Louisiana Blvd SEAlbuquerque, NM 87108
  • Utilities Included
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Palazzo Apartments
1 to 3 Bedroom Apartments

Palazzo Apartments

14124 Copper Ave NEAlbuquerque, NM 87123
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Las Vistas
1 to 3 Bedroom Apartments

Las Vistas

11122 Claremont NEAlbuquerque, NM 87112
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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345
Showing Results 1-21, Page 1 of 1

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. 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
311 Mechem DrStudioStudio,1BA$550
Home @ Valencia1bd/1ba1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Las Brisas1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$720
Lomas Gardens1BR/1.0BA1BR,1BA$815

Best Value Apartments for Rent in Corona, NM and Nearby

As of November 21, 2025 the best value apartment in the Corona area is the $1.19 price per square foot 1 Car Garage Model at Indian Ridge in the in the Northeast Quadrant neighborhood starting from $1,745. 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.
Indian Ridge1 Car Garage2BR,2.5BA$1.19
311 Mechem Dr3 BR3BR,2BA$1.30
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.09
Los Altos TowersOne Bedroom One Bath1BR,1BA$1.31
The Loop @9502x1 - 702 (1000 Building)2BR,1BA$1.32
The Portals ApartmentsA11BR,1BA$1.21
Monterey Manor ApartmentsKaloSolo-Premium1BR,1BA$1.29
Lomas Gardens1BR/1.0BA1BR,1BA$1.16
White Oak Apartments1x11BR,1BA$1.03
Home @ Valencia1bd/1ba1BR,1BA$1.26

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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 $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 $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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.