Cheap Apartments for Rent in El Paso, TX from $540 with Swimming Pool (128 Rentals) Page 2 of 3

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

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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LAKE FAIRWAY
Rent Specials
$892 - $1,340

Total Monthly Price

Base Rent$892 - $1,340
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

LAKE FAIRWAY

1642 Lomaland DrEl Paso, TX 79935
Corporate Housing
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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 51-100, Page 2 of 3

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 $645.

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 $1,170.

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 811 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 $565 which is $605 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.

Helpful Local Expert Guides

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The El Paso You Won't Find in a Guidebook: A Local Insider's Look into Ol' El Paso

Written by: Lori Rosario

I've visited El Paso repeatedly over the years and have fond memories of the time our family spent there.

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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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An El Paso, TX Local Expert's Guide to Affordable Neighborhoods for Renters

Written by: Lori Rosario

El Paso has been inhabited for thousands of years and still has much to offer people of all ages and walks of life.

Articles, How-To's, and Tips

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.