
Cheap Apartments for Rent in the Festival Neighborhood of El Paso, TX from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Festival area of El Paso.


Villas at West Mountain- Income Restricted

Western Redd

Indian Springs Apartments

Redd Rd Village Apartment

Mountain Village

Lifestyles on the Reserve
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.

Moderno Village Apartments and Town Homes

Villas at Helen of Troy

Las Mansiones at Cimarron

926 Agua Caliente Dr

678 El Parque Dr

Medano Heights

Corona Del Valle Apartments Income Restricted
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.

216 Cutlass Dr

712 Arredondo Dr

741 Villa Vanessa Dr

1120 Coyote Ln

7528 Luz De Lumbre Ave

1485 Desierto Rico Ave

7334 Prickley Pear Dr
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.
Festival, El Paso, TX Local Guide

How much does it cost to rent an apartment in Festival?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Festival 1 Bedroom Apartments | $1,150 | $802 | $1,783 |
| Festival 2 Bedroom Apartments | $1,449 | $551 | $2,373 |
| Festival 3 Bedroom Apartments | $2,175 | $796 | $10,000+ |
| Festival 4 Bedroom Apartments | $1,104 | $899 | $1,236 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 3 mile radius of the Festival Neighborhood of El Paso, TX.
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Festival, El Paso, TX Local Guide
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Cheapest Available Festival Apartments for Rent
 The cheapest available apartment rental in the Festival area of El Paso, TX is a 2 Beds unit found at Western Redd priced from $850. Indian Springs Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $898. Here are the most affordable Festival apartments for rent in El Paso, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Western Redd | Two Bedroom | 2BR,1BA | $850 |
| Indian Springs Apartments | A3 | 1BR,1BA | $898 |
| Mountain Village | 1 BED / 1 BATH | 1BR,1BA | $985 |
| Moderno Village Apartments and Town Homes | Apartment 1 Bd, 1 Ba, reserved Parking | 1BR,1BA | $1,150 |
| Las Mansiones at Cimarron | B1 | 2BR,2BA | $2,073 |
Best Value Apartments for Rent in Festival, TX
As of June 18, 2026 the best value apartment in the Festival area is the $1.92 price per square foot B1 Model at Las Mansiones at Cimarron in the in the Coronado neighborhood starting from $2,073. The second greatest value Festival apartment is the Two Bedroom Model at Western Redd starting at $850 with a $0.83 price per square foot in the Coronado neighborhood. Here is today’s list of the best values for Festival apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Las Mansiones at Cimarron | B1 | 2BR,2BA | $1.92 |
| Western Redd | Two Bedroom | 2BR,1BA | $0.83 |
| Indian Springs Apartments | A4 | 1BR,1.5BA | $1.32 |
| Moderno Village Apartments and Town Homes | Apartment 1 Bd, 1 Ba, reserved Parking | 1BR,1BA | $1.54 |
| Mountain Village | 1 BED / 1 BATH | 1BR,1BA | $1.41 |
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.
Read ArticleDon'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 ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleFestival, El Paso, TX
Ranked #179
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Festival, El Paso, TX
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Texas, including El Paso. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Festival Apartments
What is the price of a cheap apartment in Festival?
The cheapest apartment in Festival is Indian Springs Apartments which is listed at $898, while the average apartment in Festival costs $1,700.
What types of apartments are the cheapest in Festival?
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 regular apartments in Festival that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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.