Cheap Apartments for Rent in the Festival Hills Neighborhood of El Paso, TX from $500 (43 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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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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5236 Carousel Dr
Studio to 2 Bedroom Apartments

5236 Carousel Dr

5236 Carousel DrEl Paso, TX 79912
  • Utilities Included
Showing Results 1-43, Page 1 of 1

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 Carousel Plaza Apartments priced from $595. Vista Sol El Paso has the second lowest priced unit, which is a Studio apartment currently listed from $627. Here are the most affordable Festival Hills apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Carousel Plaza ApartmentsStudioStudio,1BA$595
Vista Sol El PasoStudioStudio,1BA$627
Vista Ventana Apartments1-11BR,1BA$714
Trio ApartmentsStudio,Kitchen,Utilities,1BathStudio,1BA$760
Paso Oeste Apartments1 Bedroom 1 Bath1BR,1BA$780
The Preserve at Mesa HillsThe Hot Springs1BR,1BA$795
Casa Barranca2x1.5 - 7792BR,1BA$845
Seville West Apartments1BD/1BA1BR,1BA$851
Suncrest Apartments1 Bedroom1BR,1BA$852
Caprock Apartment Homes1 Bed 1 Bath1BR,1BA$859

Best Value Apartments for Rent in Festival Hills, TX

As of June 04, 2026 the best value apartment in the Festival Hills area is the $0.82 price per square foot 3/1.5 Model at The Rosetta Apartment Homes in the in the South Belvidere neighborhood starting from $1,200. The second greatest value Festival Hills apartment is the Plan B Model at Coronado Springs starting at $1,450 with a $1.04 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.
The Rosetta Apartment Homes3/1.53BR,1.5BA$0.82
Coronado SpringsPlan B3BR,2BA$1.04
Santa Rosa Apartment Homes2/2.00LG2BR,2BA$0.73
Desert PeaksC13BR,2BA$1.07
Overlook Apartments2x2 TH W/D2BR,1.5BA$1.14
Alto Mesa Apartments2 Bedroom Flat2BR,1BA$1.14
Nouveau Place Apartments2 Bed 1 Bath2BR,1BA$1.07
Seville West Apartments1BD/1BA1BR,1BA$1.06
The Solana ApartmentsA1BR,1BA$1.15
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

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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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 the Cheapest Studio apartment in Festival Hills?

Currently the most affordable Cheap Studio Apartment in Festival Hills is at Carousel Plaza Apartments listed at $595.

How much is rent for a Cheap One Bedroom Festival Hills Apartment?

The lowest price for a Cheap One Bedroom Festival Hills Apartment is $714 at Vista Ventana Apartments.

What is the lowest price for a Cheap Two Bedroom Festival Hills Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Festival Hills is starting from $817 at Vista Ventana Apartments.

What is the most affordable Festival Hills Three Bedroom Apartment?

The best deal on a cheap Festival Hills Three Bedroom Apartment rental is at The Rosetta Apartment Homes and starts from $1,200.

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

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.