Cheap Apartments for Rent in the Five Points Neighborhood of El Paso, TX from $400 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points area of 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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Elm Apartments
1 Bedroom Apartments

Elm Apartments

1019 Elm StEl Paso, TX 79903
  • Utilities Included
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2401 Montana Apt #2
2 Bedroom Apartments

2401 Montana Apt #2

2401 Montana AveEl Paso, TX 79903
  • Utilities Included

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Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of El Paso, TX is a 1 Bed unit found at Loma Apartments priced from $540. Tremont Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. Here are the most affordable Five Points apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Loma ApartmentsOne Bedroom Corner1BR,1BA$540
Tremont Place Apartments2 bd 1 ba2BR,1BA$999
Alza DwellingsE1Studio,1BA$1,126

Best Value Apartments for Rent in Five Points, TX

As of May 23, 2026 the best value apartment in the Five Points area is the $1.02 price per square foot 2 bd 1 ba Model at Tremont Place Apartments in the in the Mission Hills neighborhood starting from $999. The second greatest value Five Points apartment is the B1 Model at Alza Dwellings starting at $1,598 with a $2.23 price per square foot in the Mission Hills neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tremont Place Apartments2 bd 1 ba2BR,1BA$1.02
Alza DwellingsB12BR,2BA$2.23
Loma ApartmentsOne Bedroom Corner1BR,1BA$0.81
1944 Arizona Ave1944 Arizona Ave1BR,1BA$2.54
1111 N Stevens St1111 N Stevens St1BR,1BA$3.22
2705 Memphis Ave2705 Memphis AveStudio ,1BA$3.50

Frequently Asked Questions about Cheap Five Points Apartments

What is the Cheapest Studio apartment in Five Points?

Currently the most affordable Cheap Studio Apartment in Five Points is at Alza Dwellings listed at $1,126.

How much is rent for a Cheap One Bedroom Five Points Apartment?

The lowest price for a Cheap One Bedroom Five Points Apartment is $540 at Loma Apartments.

What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $999 at Tremont Place Apartments.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.