Cheap Apartments for Rent in El Paso, TX from $300 (261 Rentals)

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

El Paso's Best Affordable Neighborhoods

Learn about El Paso and the best places to live with original content written by Local Expert Lori Rosario

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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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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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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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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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El Paso, TX Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in El Paso, TX

Pricing Updated: 08/02/2026

Current apartment rentals in the El Paso, TX area range in price from $395 to $4,391 with an overall median price of $1,138. The three El Paso neighborhoods with the lowest median rent pricing are Buena Vista at $845, Angels Triangle at $849, and Devils Tower at $849. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for El Paso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Buena Vista$845$59518
Angels Triangle$849$72412
Devils Tower$849$72411
Las Sierras$849$66530
Mountain Hills$849$66531
Mountain View North$849$66533
Mountain View South$849$66526
Park Foothills$849$66516
Restlawn$849$66534
Sunrise Acres$849$66527

Cheapest Available El Paso Apartments for Rent

 

The cheapest available apartment rental in El Paso, TX is a Studio unit found at Loma Apartments in the Mission Hills neighborhood priced from $500. Carousel Plaza Apartments in the Mission Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here is today’s list of the most affordable El Paso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Loma ApartmentsStudioStudio,1BA$500
Carousel Plaza ApartmentsStudioStudio,1BA$595
2607-2609 Nations Ave1 Beds, 1 Baths1BR,1BA$645
8612 LAWSON St1 Beds, 1 Baths1BR,1BA$645
3600 Keltner Ave1 Beds, 1 Baths1BR,1BA$645
7303 Dale Rd1 Beds, 1 Baths1BR,1BA$645
Hayes Court1 Bed 1 Bath1BR,1BA$650
1654 EXETER Dr1 Beds, 1 Baths1BR,1BA$650
4408 Sunrise1/11BR,1BA$670
Santa Lucia Apartments1 Bedroom1BR,1BA$689

Best Value Apartments for Rent in El Paso, TX

As of August 02, 2026 the best value apartment in the El Paso area is the $0.84 price per square foot B-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,799. The second greatest value El Paso apartment is the 3 Bedroom 2 Bath Home Model at Rubin Heights starting at $1,275 with a $0.66 price per square foot in the Mission Hills neighborhood. Here is today’s list of the best values for El Paso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belvidere Village DuplexesB-5493BR,2.5BA$0.84
Rubin Heights3 Bedroom 2 Bath Home3BR,2.5BA$0.66
Desert Breeze Apartments4 Bedroom 2.5 Bath Townhome4BR,2.5BA$0.49
Santa Rosa Apartment Homes2/2.00SM2BR,2BA$0.95
Western ReddTwo Bedroom2BR,1BA$0.83
Monterrey East & Vista Sierra Apartments2 Bedroom 1 Bath2BR,1BA$0.90
Fairbanks Apartments1 Bedroom1BR,1.5BA$0.79
Tio Cooper3 Bedroom 1 Bath3BR,1BA$0.90
El Pavon ApartmentsCasita2BR,1BA$0.94
The Arches ApartmentsOne Bedroom1BR,1BA$0.95

Where to Rent in El Paso: A Local's Guide to Apartments Near Major Universities

El Paso is affordable, friendly, and vibrant! Explore Downtown, Golden Hill, Mission Hills, and more to find your perfect apartment near campus.

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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.

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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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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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El Paso Overview

El Paso is perhaps the most well-known border town in the United States. Located on the Rio Grande, sandwiched between the southern tip of New Mexico and Mexico, the city combines with Ciudad Juarez and Las Cruces, New Mexico to form the Paso del Norte region. It is the largest bilingual workforce in the western hemisphere, and it contains more than 2.7 million people. El Paso apartments are always in hot demand as the city is the metropolitan center of a region spanning roughly 300 miles in every direction. It is known as the most peaceful and harmonious blending of cultures in the world.

Why live in El Paso, TX?

People who stay in El Paso do so for the low crime rate, cultural diversity, low cost of living, affordable health care and education and the strong sense of local pride. The University of Texas at El Paso (UTEP) is nationally famous for sports programs, medicine and engineering. It also plays host to the Sun Bowl, one of college football's largest and oldest bowls. Of course the food is amazing too. No city in the country offers better options for authentic, traditional Mexican food. Only an hour drive away from the chile capital of the world, restaurants like L & Js and Chopes will ruin you for Mexican food anywhere else.

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

Explore El Paso, TX Rentals by Map

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El Paso, TX Area Reviews

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Lori

May 4, 2025

El Paso has a family-friendly vibe, people are friendly, there are plenty of great things to do and see, and I've always felt safe in the different areas and neighborhoods I've been to.

Frequently Asked Questions about Cheap El Paso Apartments

What is a cheap apartment in El Paso?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in El Paso is under $689.

What is the price of a cheap apartment in El Paso?

The cheapest apartment in El Paso is Loma Apartments which is listed at $540, while the average apartment in El Paso costs $1,138.

What types of apartments are the cheapest in El Paso?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,089 regular apartments in El Paso that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in El Paso?

Cheap apartments in El Paso have an average cost of $529 which is $609 cheaper than the average rent for all rentals in El Paso.

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 Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities article

Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities

Written by: Lori Rosario

El Paso is a uniquely charming city with a rich culture and history.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.