Cheap Homes for Rent in El Paso, TX from $500 (94 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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property at 6400 Edgemere Blvd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Condo for Rent

Available Now

6400 Edgemere Blvd, Unit 23, Unit 23

6400 Edgemere Blvd
El PasoTX79925
property at 1710 Banker Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

1710 Banker Rd, Unit B, Unit B

1710 Banker Rd
CanutilloTX79835

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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El Paso's Best Affordable Neighborhoods

Learn about El Paso and the best places to live with original content written by Local Expert Lori Rosario

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El Paso, TX Local Guide

Cheapest Neighborhoods for Apartments in El Paso, TX

Pricing Updated: 04/12/2026

Current apartment rentals in the El Paso, TX area range in price from $450 to $3,163 with an overall median price of $1,607. The three El Paso neighborhoods with the lowest median rent pricing are Futureland at $830, Mountain View North at $665, and Dolphin at $678. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for El Paso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Futureland$1,015$8307
Mountain View North$1,105$66535
Dolphin$1,115$67850
Las Sierras$1,115$66539
Mountain View South$1,115$66532
Restlawn$1,115$66539
Sunrise Acres$1,115$66533
Sunrise Acres East$1,115$65046
Tobin Mount$1,120$66553
Tobin Park$1,120$66571

Cheapest Available El Paso Apartments for Rent

 

The cheapest available apartment rental in El Paso, TX is a Studio unit found at Carousel Plaza Apartments in the Mission Hills neighborhood priced from $595. Arbor Apartments in the Cielo Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $618. Here is today’s list of the most affordable El Paso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carousel Plaza ApartmentsStudioStudio,1BA$595
Arbor ApartmentsStudioStudio,1BA$618
Loma ApartmentsStudioStudio,1BA$620
Vista Sol El PasoStudioStudio,1BA$627
Hayes Court1 Bed 1 Bath1BR,1BA$650
Trinity Place Apartments1x1 Small1BR,1BA$665
4408 Sunrise1/11BR,1BA$695
Hacienda HeightsA12BR,1BA$699
La Cima ApartmentsStudioStudio,1BA$717
La Puerta Del Sol1 Bedroom 1 Bath1BR,1BA$724

Best Value Apartments for Rent in El Paso, TX

As of April 12, 2026 the best value apartment in the El Paso area is the $0.84 price per square foot B-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,799. The second greatest value El Paso apartment is the 3 Bedroom 3 Bath Model at Rubin Heights starting at $1,450 with a $0.89 price per square foot in the Mission Hills neighborhood. Here is today’s list of the best values for El Paso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belvidere Village DuplexesB-5493BR,2.5BA$0.84
Rubin Heights3 Bedroom 3 Bath3BR,3BA$0.89
Desert Breeze Apartments4 Bedroom 2.5 Bath Townhome4BR,2.5BA$0.84
Sagewood ApartmentsC23BR,2BA$0.78
Redd Rd Village ApartmentApartment 1 Bd 1 Ba 1 Reserved Parking1BR,1BA$0.79
Edgemere Apartments2 Bed 1 Bath2BR,1BA$0.87
Monterrey East & Vista Sierra Apartments2 Bedroom 1 Bath2BR,1BA$0.87
Desert Villas- Income RestrictedTwo Bedroom2BR,2BA$0.82
Van Horne Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.89
Tio Cooper3 Bedroom 1 Bath3BR,1BA$0.90

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore El Paso, TX Rentals by Map

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El Paso, TX Area Reviews

  • Parks
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  • Cost of Living
  • Safety

Lori

May 4, 2025

El Paso has a family-friendly vibe, people are friendly, there are plenty of great things to do and see, and I've always felt safe in the different areas and neighborhoods I've been to.

Frequently Asked Questions about El Paso

What type of rentals are currently available in El Paso?

There are currently 1544 Apartments for Rent in El Paso, TX with pricing that ranges from $450 to $11,111. There are also 611 Single Family Homes for rent, Condos, and Townhome rentals currently available in El Paso ranging from $595 to $6,000.

What is the current price range for Rental Homes in El Paso?

Today's rental pricing for Homes for Rent, Condos and Townhomes in El Paso ranges from $595 to $6,000 with an average monthly rent of $2,379.

How much are larger Three and Four Bedroom Rentals in El Paso?

For those who are looking for larger living arrangements, Three Bedroom Apartments in El Paso range from $762 to $11,111, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $861.

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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.