Cheap Apartments for Rent in the Palomino Neighborhood of El Paso, TX from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Palomino 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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Desert Sun Apartments
1 Bedroom Apartments

Desert Sun Apartments

10406 Rushing RdEl Paso, TX 79924
  • Utilities Included

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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Deer Palms Apartments
1 to 3 Bedroom Apartments

Deer Palms Apartments

6350 Deer AveEl Paso, TX 79924
  • Utilities Included
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Dyer Palms
1 to 4 Bedroom Apartments

Dyer Palms

10551 Dyer StEl Paso, TX 79924
  • Utilities Included
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Paseo at McCombs
1 to 3 Bedroom Apartments

Paseo at McCombs

10626 McCombs StEl Paso, TX 79924
  • Utilities Included
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10132 Dyer St
3 Bedroom Apartments

10132 Dyer St

10132 Dyer StEl Paso, TX 79924
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Arrowhead Place
3 to 4 Bedroom Apartments

Arrowhead Place

5051 Trojan DrEl Paso, TX 79924

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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property at 9779 McCombs St

$1,395 - $1,495

2 To 3 Bedroom Rentals

Available Now

9779 McCombs St

El PasoTX79924

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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Palomino, El Paso, TX Local Guide

Cheapest Available Palomino Apartments for Rent

 

The cheapest available apartment rental in the Palomino area of El Paso, TX is a 1 Bed unit found at Fairbanks Apartments priced from $780. Pine Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Palomino apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Fairbanks Apartments1 Bedroom1BR,1BA$780
Pine Village Apartments1BD/1BA1BR,1BA$830
Patriot Palms1 Bedroom1BR,1BA$842
TransMountain Apartments1 Bedroom Apartment1BR,1BA$850
The CaterinaThe Mesa1BR,1BA$850
Parkland Pointe2x12BR,1BA$858
La Mirada Apartments2 Bed 1 Bath2BR,1BA$920
Amigos Del Sol Apartments2 Bed 1 Bath Downstairs2BR,1BA$928
Van Horne Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$940
Sagewood ApartmentsC23BR,2BA$1,055

Best Value Apartments for Rent in Palomino, TX

As of April 25, 2026 the best value apartment in the Palomino area is the $1.17 price per square foot 2 Bedroom 2 Bath Model at McCombs Village in the in the North Park neighborhood starting from $1,425. The second greatest value Palomino apartment is the 1 Bedroom Model at Fairbanks Apartments starting at $780 with a $0.79 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Palomino apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McCombs Village2 Bedroom 2 Bath2BR,2BA$1.17
Fairbanks Apartments1 Bedroom1BR,1.5BA$0.79
Van Horne Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.98
Amigos Del Sol Apartments2 Bedroom 1 1/5 Bath Flat2BR,1.5BA$1.22
La Mirada Apartments2 Bed 1 Bath2BR,1BA$1.21
Sagewood ApartmentsA11BR,1BA$1.02
The CaterinaThe Mesa1BR,1BA$1.16
Patriot Palms1 Bedroom1BR,1BA$1.19
Parkland Pointe2x12BR,1BA$1.27
TransMountain Apartments1 Bedroom Apartment1BR,1BA$1.42

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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Pet Friendly Lifestyle
Palomino, El Paso, TX

Ranked #111

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Palomino, El Paso, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Palomino, El Paso, and the greater El Paso area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Palomino Apartments

What is the price of a cheap apartment in Palomino?

The cheapest apartment in Palomino is Sagewood Apartments which is listed at $765, while the average apartment in Palomino costs $1,293.

What types of apartments are the cheapest in Palomino?

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 3 regular apartments in Palomino that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Palomino?

Cheap apartments in Palomino have an average cost of $376 which is $917 cheaper than the average rent for all rentals in Palomino.

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 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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.