Cheap Homes for Rent in Five Points Neighborhood of El Paso, TX from $700 (11 Rentals)

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Search the lowest-cost Homes 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.

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.

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 DwellingsA11BR,1BA$1,368

Best Value Apartments for Rent in Five Points, TX

As of July 07, 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 1944 Arizona Ave Model at 1944 Arizona Ave starting at $1,600 with a $2.67 price per square foot in the Rio Grande 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
1944 Arizona Ave1944 Arizona Ave1BR,1BA$2.67
Loma ApartmentsOne Bedroom Corner1BR,1BA$0.96
Alza DwellingsA11BR,1BA$2.56
1111 N Stevens St1111 N Stevens St1BR,1BA$3.56
2705 Memphis Ave2705 Memphis AveStudio ,1BA$3.63

Frequently Asked Questions about Five Points

What type of rentals are currently available in Five Points?

There are currently 107 Apartments for Rent in Five Points, TX with pricing that ranges from $730 to $1,800. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $795 to $2,750.

What is the current price range for Rental Homes in Five Points?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $795 to $2,750 with an average monthly rent of $1,712.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.