
Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $300 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Grande area of El Paso.


1005 Arizona Ave

1005 Arizona Ave

1300 N Oregon St, Unit 215

1820 Montana Ave, Unit 29

1005 Arizona Ave

Prospect Street Apartments

1100 Myrtle Ave, Unit 1

1005 Arizona Ave
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.

1211 N Ochoa St

Highlander Apartments

1030 Wyoming Ave

1218 Wyoming Ave, Unit #C

1210 N Oregon St, Unit 10

1210 N Oregon St, Unit 13

1304 E Rio Grande Ave

1309 E Rio Grande Ave

1114 N El Paso St
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.

Ramey Apartments

615 Arizona Ave

511 E Nevada Ave

1707 N Stanton St

417 Cincinnati Ave

D Lamar Apartments

1601 El Paso St

The Pearl Apartments

Tres Vistas
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.

1964 Murchison Dr

610 Prospect

Cliff Terrace & On the Hill Apartments

The Wallace Apartments

Blue Flame Apartments

1114 El Paso St

Martin Lofts

410 W Yandell

1026 Myrtle Ave
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.

Wyoming Pearl

1415 Brown St

900 E Baltimore Dr

317 Park

412 W. Yandell Drive

1024 N Oregon St

1909 Yandell Dr

308 Hills St

1012-1016 N Oregon St
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.

1201 N St Vrain St

1217 N Mesa
Rio Grande, El Paso, TX Local Guide

How much does it cost to rent an apartment in Rio Grande?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Grande Studio Apartments | $880 | $395 | $1,176 |
| Rio Grande 1 Bedroom Apartments | $946 | $545 | $1,525 |
| Rio Grande 2 Bedroom Apartments | $1,376 | $750 | $2,550 |
| Rio Grande 3 Bedroom Apartments | $1,534 | $1,189 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 1 mile radius of the Rio Grande Neighborhood of El Paso, TX.
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Rio Grande, El Paso, TX Local Guide
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Cheapest Available Rio Grande Apartments for Rent
 The cheapest available apartment rental in the Rio Grande area of El Paso, TX is a 1 Bed unit found at Prospect Street Apartments priced from $550. Ramey Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Rio Grande apartments for rent in El Paso, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prospect Street Apartments | 1-1 Basement | 1BR,1BA | $550 |
| Ramey Apartments | Studio | Studio,1BA | $725 |
| 1707 N Stanton St | 1 Bed/1 Bath | 1BR,1BA | $750 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $935 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
| THE 501- Downtown living | B6 | 2BR,1BA | $979 |
| Magoffin Park Villas | Plan B1- Upgrade* | 2BR,2BA | $1,065 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,100 |
| Alza Dwellings | E1 | Studio,1BA | $1,126 |
Best Value Apartments for Rent in Rio Grande, TX
As of June 01, 2026 the best value apartment in the Rio Grande area is the $1.22 price per square foot 2 Beds, 1 Baths Model at La Mariposa Apartments in the in the San Antonio neighborhood starting from $1,100. The second greatest value Rio Grande apartment is the 2 Bedroom Model at Diplomat Apartments starting at $1,450 with a $1.61 price per square foot in the Segundo Barrio neighborhood. Here is today’s list of the best values for Rio Grande apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| Diplomat Apartments | 2 Bedroom | 2BR,1.5BA | $1.61 |
| Magoffin Park Villas | Plan B1 | 2BR,2.5BA | $1.57 |
| Prospect Street Apartments | 1-1 Basement | 1BR,1BA | $0.78 |
| 1707 N Stanton St | 2 Bed/1 Bath | 2BR,1BA | $1.28 |
| THE 501- Downtown living | B5 | 2BR,1BA | $1.60 |
| 1944 Arizona Ave | 1944 Arizona Ave | 1BR,1BA | $2.54 |
| Savoy Lofts | A1 | Studio ,1BA | $1.53 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $1.59 |
| Ramey Apartments | Studio | Studio ,1BA | $1.45 |
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.
Best Local Schools in Rio Grande, El Paso, TX
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Rio Grande, El Paso, and the greater El Paso area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, family-friendly amenities, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Rio Grande Apartments
What is a cheap apartment in Rio Grande?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rio Grande is under $1,126.
What is the price of a cheap apartment in Rio Grande?
The cheapest apartment in Rio Grande is Prospect Street Apartments which is listed at $550, while the average apartment in Rio Grande costs $1,348.
What types of apartments are the cheapest in Rio Grande?
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 6 regular apartments in Rio Grande 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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.