Cheap Apartments for Rent in the Festival Hills Neighborhood of El Paso, TX from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Festival Hills area of El Paso.

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5236 Carousel Dr
1 to 2 Bedroom Apartments

5236 Carousel Dr

5236 Carousel DrEl Paso, TX 79912
  • Utilities Included
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Festival Hills, El Paso, TX Local Guide

Cheapest Available Festival Hills Apartments for Rent

 

The cheapest available apartment rental in the Festival Hills area of El Paso, TX is a Studio unit found at Vista Sol El Paso priced from $627. Carousel Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Festival Hills apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Vista Sol El PasoStudioStudio,1BA$627
Carousel Plaza Apartments1 Bedroom1BR,1BA$675
5252 Carousel Dr2 Beds, 1 bath2BR,1BA$775
Santa Fe PlacePueblo1BR,1BA$775
Paso Oeste Apartments2 Bedroom 1 Bath2BR,1BA$780
The Preserve at Mesa HillsThe Hot Springs1BR,1BA$785
Suncrest Apartments1 Bedroom1BR,1BA$800
Seville West Apartments1BD/1BA1BR,1BA$810
Indian Springs ApartmentsA21BR,1BA$840
Kings Hill ApartmentsOne Bedroom1BR,1BA$845

Best Value Apartments for Rent in Festival Hills, TX

As of January 09, 2026 the best value apartment in the Festival Hills area is the $1.04 price per square foot Plan B Model at Coronado Springs in the in the South Belvidere neighborhood starting from $1,450. The second greatest value Festival Hills apartment is the 2/2.00LG Model at Santa Rosa Apartment Homes starting at $1,013 with a $0.73 price per square foot in the South Belvidere neighborhood. Here is today’s list of the best values for Festival Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coronado SpringsPlan B3BR,2BA$1.04
Santa Rosa Apartment Homes2/2.00LG2BR,2BA$0.73
Alto Mesa Apartments2 Bedroom Townhome Washer/Dryer2BR,1.5BA$1.14
Villa De Leon Apartments2 Bedroom 1 Bath Renovated Unit2BR,1BA$1.15
Kings Hill ApartmentsOne Bedroom1BR,1BA$1.06
Seville West Apartments1BD/1BA1BR,1BA$1.01
The Solana ApartmentsA1BR,1BA$1.11
Overlook Apartments1x1L1BR,1BA$1.15
5252 Carousel Dr2 Beds, 1 bath2BR,1BA$1.11
Paso Oeste Apartments1 Bedroom 1 Bath1BR,1BA$1.13

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

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

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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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Pet Friendly Lifestyle
Festival Hills, El Paso, TX

Ranked #3

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for West Central El Paso. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Festival Hills Apartments

What is a cheap apartment in Festival Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Festival Hills is under $845.

What is the price of a cheap apartment in Festival Hills?

The cheapest apartment in Festival Hills is Carousel Plaza Apartments which is listed at $675, while the average apartment in Festival Hills costs $1,910.

What types of apartments are the cheapest in Festival Hills?

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 7 regular apartments in Festival Hills 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 Festival Hills?

Cheap apartments in Festival Hills have an average cost of $252 which is $1,658 cheaper than the average rent for all rentals in Festival Hills.

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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.