
Cheap Homes for Rent in Derry, NM from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Derry.


654 Rouault Ave

3389 Valverde Loop

3650 Morningstar Dr

2019 Evelyn 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.

4950 Ortega Rd

1621 Wyoming Ave

9564 Hondo Rd

5095 Kensington Way

3862 Van Ess Ct
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.

2040 Carlyle Dr

4305 Nambe Ct

3860 Las Colinas Dr

1932 Starburst Ridge Ct

3453 Parkridge Pl
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 | $1,485 | $1,200 | $1,695 |
| Derry 3 Bedroom Homes for Rent | $1,779 | $1,350 | $2,500 |
| Derry 4 Bedroom Homes for Rent | $2,021 | $1,500 | $2,500 |
Browse Top Homes for Rent in Derry
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Derry, NM Local Guide
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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 May 24, 2026 the best value apartment in the Derry area is the $1.00 price per square foot CV 3 bedroom 2 bath Model at Colony Mesa Apartments in the starting from $1,250. The second greatest value Derry apartment is the 3BR/3BA Model at The Verge Las Cruces starting at $690 with a $0.57 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. |
|---|---|---|---|
| Colony Mesa Apartments | CV 3 bedroom 2 bath | 3BR,2BA | $1.00 |
| The Verge Las Cruces | 3BR/3BA | 3BR,3BA | $0.57 |
| The Pavilions at South Fork | The Catlina | 2BR,2BA | $1.28 |
| Pavilions At University | Aggie | 2BR,2BA | $1.11 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Regency Pointe Apartments | The Royale | 2BR,1BA | $1.13 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
| Peachtree Canyon Apartments | 1 Bedroom | 1BR,1BA | $1.29 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $1.25 |
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!
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Frequently Asked Questions about Derry
What type of rentals are currently available in Derry?
There are currently 46 Apartments for Rent in Derry, NM with pricing that ranges from $527 to $2,730. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Derry ranging from $1,200 to $2,500.
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 $1,200 to $2,500 with an average monthly rent of $1,695.
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 $2,730, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.