
Cheap Homes for Rent near Derry, NM from $1,300 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Derry.


3405 Valverde Loop

4938 S Fork Rd

6529 Justin Ln

5095 Kensington Way

5015 Emerald St

4305 Nambe Ct
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.

1114 Branson Ave

3860 Las Colinas Dr

3301 Jupiter Rd

4826 Calle Bella Ave

3784 Galina Pl

5020 Kenner Way

5083 Genesis Ln
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.

5004 Troybrook Rd

5195 Arena Dr

1326 Magoffin Pl

4684 Mesita St

1619 Costales Trail

4095 Gila Trail
4714 Rubicon Rd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Derry, NM Local Guide

How much does it cost to rent a home in Derry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Derry 2 Bedroom Homes for Rent | $1,460 | $1,395 | $1,525 |
| Derry 3 Bedroom Homes for Rent | $1,798 | $1,300 | $2,500 |
| Derry 4 Bedroom Homes for Rent | $2,235 | $1,500 | $2,650 |
| Derry 5 Bedroom Homes for Rent | $2,550 | $2,550 | $2,550 |
Browse Top Homes for Rent in Derry
Explore Derry
Derry, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Derry Apartments for Rent and Nearby
 The cheapest available apartment rental in Derry, NM is a 3 Beds unit found at The Verge Las Cruces priced from $675. Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Derry apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Verge Las Cruces | 3BR/3BA - Unfurnished | 3BR,3BA | $675 |
| Casitas at 805 N 17Th St. | Studio | Studio,1BA | $695 |
| Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $750 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $770 |
| 1655 S Main | Contemporary Studios | Studio,1BA | $785 |
Best Value Apartments for Rent in Derry, NM and Nearby
As of July 09, 2026 the best value apartment in the Derry area is the $0.56 price per square foot 3BR/3BA - Unfurnished Model at The Verge Las Cruces in the starting from $675. The second greatest value Derry apartment is the The Majestic Model at Regency Pointe Apartments starting at $1,125 with a $0.99 price per square foot . Here is today’s list of the best values for Derry apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Verge Las Cruces | 3BR/3BA - Unfurnished | 3BR,3BA | $0.56 |
| Regency Pointe Apartments | The Majestic | 3BR,2BA | $0.99 |
| Santa Teresa Terrace | 3 Bed, 2 Bath B (60% Income Restricted) ST III | 3BR,2BA | $1.16 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Pavilions At University | Aggie | 2BR,2BA | $1.11 |
| Telshor Apartments | 3 Bedroom | 3BR,2BA | $0.99 |
| Colony Mesa Apartments | CC 2 bedroom 1 bath | 2BR,1BA | $0.99 |
| Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.05 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
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 Derry, NM Rentals by Map
See the most popular apartments and homes in Derry, NM
Frequently Asked Questions about Derry
What type of rentals are currently available in Derry?
There are currently 47 Apartments for Rent in Derry, NM with pricing that ranges from $527 to $2,550. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derry ranging from $1,300 to $2,650.
What is the current price range for Rental Homes in Derry?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Derry ranges from $1,300 to $2,650 with an average monthly rent of $1,918.
How much are larger Three and Four Bedroom Rentals in Derry?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Derry range from $675 to $2,490, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,038.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.