
Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Grande area of El Paso.


705 N St Vrain St

704 Wellesley Rd

Highlander Apartments

Ramey Apartments

1707 N Stanton St

1906 Yandell Dr

Magoffin Park Villas
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.

THE 501- Downtown living

1026 Myrtle Ave

Sedona Peak

Savoy Lofts

D Lamar Apartments

1601 El Paso St

The Pearl Apartments

Tres Vistas
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.

1964 Murchison Dr

610 Prospect

Cliff Terrace & On the Hill Apartments

The Wallace Apartments

Blue Flame Apartments

Martin Lofts

410 W Yandell

1026 Myrtle Ave
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.

Wyoming Pearl

1415 Brown St

412 W. Yandell Drive

1024 N Oregon St

1012-1016 N Oregon St

1217 N Mesa

1201 N St Vrain St

Franklin Avenue Apartments
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

Sun Plaza Apartments

Oregon Pearl
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 | $833 | $650 | $1,028 |
| Rio Grande 1 Bedroom Apartments | $1,013 | $720 | $1,525 |
| Rio Grande 2 Bedroom Apartments | $1,393 | $750 | $2,750 |
| Rio Grande 3 Bedroom Apartments | $1,384 | $1,000 | $1,985 |
Browse Apartments in this Neighborhood
There are currently 34 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 Studio unit found at Ramey Apartments priced from $725. 1707 N Stanton St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Rio Grande apartments for rent in El Paso, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ramey Apartments | Studio | Studio,1BA | $725 |
| 1707 N Stanton St | 1 Bed/1 Bath | 1BR,1BA | $750 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $870 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
| THE 501- Downtown living | B4 | 2BR,1BA | $979 |
| Magoffin Park Villas | Plan A1- Upgrade* | 1BR,1BA | $1,005 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,100 |
| Alza Dwellings | A1 | 1BR,1BA | $1,203 |
Best Value Apartments for Rent in Rio Grande, TX
As of March 02, 2026 the best value apartment in the Rio Grande area is the $1.32 price per square foot C2 Model at The Townhomes at 1400 N. Kansas at River in the in the San Antonio neighborhood starting from $1,795. The second greatest value Rio Grande apartment is the 2 Beds, 1 Baths Model at La Mariposa Apartments starting at $1,100 with a $1.22 price per square foot in the San Antonio 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. |
|---|---|---|---|
| The Townhomes at 1400 N. Kansas at River | C2 | 2BR,1.5BA | $1.32 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| Diplomat Apartments | 2 Bedroom | 2BR,1.5BA | $1.81 |
| 1707 N Stanton St | 1 Bed/1 Bath | 1BR,1BA | $1.15 |
| Magoffin Park Villas | Plan A1- Upgrade* | 1BR,1BA | $1.55 |
| THE 501- Downtown living | B4 | 2BR,1BA | $1.63 |
| Savoy Lofts | A1 | Studio ,1BA | $1.53 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $1.48 |
| Alza Dwellings | A1 | 1BR,1BA | $2.25 |
| 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
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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 $1,203.
What is the price of a cheap apartment in Rio Grande?
The cheapest apartment in Rio Grande is 1707 N Stanton St which is listed at $750, while the average apartment in Rio Grande costs $1,270.
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.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.