
Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $450 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Grande area of El Paso.


1009 N Florence St

1005 Arizona Ave

2115 N Kansas St

1009 N Florence St

1211 N Ochoa St

Highlander Apartments

1526 Yandell Dr, Unit 3
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

1309 E Rio Grande Ave

2115 N Kansas St

1526 Yandell Dr, Unit 1

1526 Yandell Dr, Unit B

809 N Virginia St

Ramey Apartments

701 Yandel

1820 Montana Ave, Unit 17
Rent According to Income: A Look at Income-Restricted Rentals
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D Lamar Apartments

1108 Myrtle

1601 El Paso St

The Pearl Apartments

Tres Vistas

1104 Myrtle

1964 Murchison Dr

610 Prospect
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Cliff Terrace & On the Hill Apartments

The Wallace Apartments

Blue Flame Apartments

317 Park

Martin Lofts

410 W Yandell

615 Arizona Ave

1026 Myrtle Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Wyoming Pearl

1707 N Stanton St

1415 Brown St

412 W. Yandell Drive

1024 N Oregon St

1909 Yandell Dr

1012-1016 N Oregon St

1217 N Mesa
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.

1201 N St Vrain St
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 | $967 | $650 | $1,400 |
| Rio Grande 1 Bedroom Apartments | $1,012 | $450 | $1,650 |
| Rio Grande 2 Bedroom Apartments | $1,381 | $750 | $1,950 |
| Rio Grande 3 Bedroom Apartments | $1,459 | $1,189 | $1,985 |
Browse Apartments in this Neighborhood
There are currently 41 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 1108 Myrtle priced from $580. 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 |
|---|---|---|---|
| 1108 Myrtle | 1BR/1.0BA | 1BR,1BA | $580 |
| Ramey Apartments | Studio | Studio,1BA | $725 |
| THE 501- Downtown living | A1 | 1BR,1BA | $879 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $940 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
| Magoffin Park Villas | A1 | 1BR,1BA | $985 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in Rio Grande, TX
As of August 30, 2026 the best value apartment in the Rio Grande area is the $1.32 price per square foot B4 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 | B4 | 2BR,1.5BA | $1.32 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $1.19 |
| Magoffin Park Villas | A1 | 1BR,1BA | $1.52 |
| 1944 Arizona Ave | 1944 Arizona Ave | 1BR,1BA | $2.75 |
| Savoy Lofts | A1 | Studio ,1BA | $1.53 |
| Sedona Peak | 1 Bedroom | 1BR,1BA | $1.60 |
| Ramey Apartments | Studio | Studio ,1BA | $1.45 |
| THE 501- Downtown living | A1 | 1BR,1BA | $1.86 |
| 1108 Myrtle | 1BR/1.0BA | 1BR,1BA | $1.71 |
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 $1,100.
What is the price of a cheap apartment in Rio Grande?
The cheapest apartment in Rio Grande is 1108 Myrtle which is listed at $580, while the average apartment in Rio Grande costs $1,138.
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 5 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

Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities
Written by: Lori Rosario
El Paso is a uniquely charming city with a rich culture and history.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.