Cheap Homes for Rent in Des Moines, NM from $400 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in Des Moines.

property at 1317 Spruce St

$400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$400

Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

1317 Spruce St

PuebloCO81004
property at 226 Plum St

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

Studio, 1 Bath Condo for Rent

Available Now

226 Plum St

PuebloCO81003

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.

property at 2727 Santa Fe Dr

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

2727 Santa Fe Dr

PuebloCO81006
property at 407 W 11th St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Condo for Rent

Available Now

407 W 11th St

PuebloCO81003

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.

property at 429 Grantham Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 2 Bath Home for Rent

Available Now

429 Grantham Ave

OrdwayCO81063

Des Moines, NM Local Guide

Cheapest Available Des Moines Apartments for Rent and Nearby

 

The cheapest available apartment rental in Des Moines, NM is a 1 Bed unit found at Tierra Montosa priced from $353. Stoneleaf at Dalhart has the second lowest priced unit, which is a 2 Beds apartment currently listed from $526. Here is today’s list of the most affordable Des Moines apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tierra Montosa1 Bedroom1BR,1BA$353
Stoneleaf at Dalhart2 besroom 30%2BR,2BA$526
Taos Haus +62 Bedrooms2BR,1BA$592

Best Value Apartments for Rent in Des Moines, NM and Nearby

As of April 27, 2026 the best value apartment in the Des Moines area is the $1.17 price per square foot 3 bedroom 80% Model at Stoneleaf at Dalhart in the starting from $1,250. The second greatest value Des Moines apartment is the 2x2 Model at Legacy Ridge Apartments starting at $950 with a $0.90 price per square foot in the Soncy neighborhood. Here is today’s list of the best values for Des Moines apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stoneleaf at Dalhart3 bedroom 80%3BR,2BA$1.17
Legacy Ridge Apartments2x22BR,2BA$0.90
El Cerrito2 BR2BR,1BA$0.77
North Ridge Heights2 Bedroom2BR,1BA$1.25
Ochenta Apartments2 Bedrooms2BR,1BA$0.97
Taos Haus +62 Bedrooms2BR,1BA$0.70
Tierra Montosa1 Bedroom1BR,1BA$0.49
Huntington PointeSilver Sage1BR,1BA$1.23
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.08
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Article
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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!

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Frequently Asked Questions about Des Moines

What type of rentals are currently available in Des Moines?

There are currently 58 Apartments for Rent in Des Moines, NM with pricing that ranges from $427 to $2,534. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Des Moines ranging from $400 to $2,400.

What is the current price range for Rental Homes in Des Moines?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Des Moines ranges from $400 to $2,400 with an average monthly rent of $1,298.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.