Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $400 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rio Grande 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.

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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D Lamar Apartments
1 Bedroom Apartments

D Lamar Apartments

717 Magoffin AveEl Paso, TX 79901
  • Utilities Included
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1601 El Paso St
Studio to 2 Bedroom Apartments

1601 El Paso St

1601 El Paso StEl Paso, TX 79902
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The Pearl Apartments
1 to 2 Bedroom Apartments

The Pearl Apartments

220 W Yandell DrEl Paso, TX 79902
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Tres Vistas
1 to 2 Bedroom Apartments

Tres Vistas

1600 Arizona AveEl Paso, TX 79902
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610 Prospect
Studio to 4 Bedroom Apartments

610 Prospect

610 Prospect StEl Paso, TX 79902
  • Utilities Included

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 Wallace Apartments
Studio to 3 Bedroom Apartments

The Wallace Apartments

1201 RandolphEl Paso, TX 79902
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Blue Flame Apartments
Studio to 1 Bedroom Apartments

Blue Flame Apartments

304 Texas AveEl Paso, TX 79901
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Martin Lofts
Studio to 2 Bedroom Apartments

Martin Lofts

217 N Stanton StEl Paso, TX 79901
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410 W Yandell
Studio to 1 Bedroom Apartments

410 W Yandell

410 W Yandell DrEl Paso, TX 79902
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1026 Myrtle Ave
1 to 2 Bedroom Apartments

1026 Myrtle Ave

1026 Myrtle AveEl Paso, TX 79901
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Wyoming Pearl
Studio to 2 Bedroom Apartments

Wyoming Pearl

917 Wyoming AveEl Paso, TX 79902
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1415 Brown St
Studio to 2 Bedroom Apartments

1415 Brown St

1415 Brown StEl Paso, TX 79902
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412 W. Yandell Drive
Studio to 2 Bedroom Apartments

412 W. Yandell Drive

412 W Yandell DrEl Paso, TX 79902
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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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1024 N Oregon St
1 Bedroom Apartments

1024 N Oregon St

1024 N Oregon StEl Paso, TX 79902
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1012-1016 N Oregon St
Studio to 2 Bedroom Apartments

1012-1016 N Oregon St

1012-1016 N Oregon StEl Paso, TX 79902
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1217 N Mesa
Studio to 2 Bedroom Apartments

1217 N Mesa

1217 N Mesa StEl Paso, TX 79902
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1201 N St Vrain St
Studio to 2 Bedroom Apartments

1201 N St Vrain St

1201-1221 N St Vrain StEl Paso, TX 79902
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Sun Plaza Apartments
Studio to 3 Bedroom Apartments

Sun Plaza Apartments

1221 E San Antonio AveEl Paso, TX 79901
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Oregon Pearl
Studio to 2 Bedroom Apartments

Oregon Pearl

910 N Oregon StEl Paso, TX 79902
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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

Rio Grande, El Paso, TX Local Guide

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 $750. Savoy Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Rio Grande apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Ramey ApartmentsStudioStudio,1BA$750
Savoy LoftsA1Studio,1BA$900
Diplomat Apartments1 Bedroom1BR,1BA$949
THE 501- Downtown livingB62BR,1BA$979
La Mariposa Apartments2 Beds, 1 Baths2BR,1BA$1,100
Alza DwellingsE1Studio,1BA$1,121
Magoffin Park VillasPlan B2- Upgrade*2BR,2BA$1,415

Best Value Apartments for Rent in Rio Grande, TX

As of April 16, 2026 the best value apartment in the Rio Grande area is the $1.29 price per square foot Plan B2- Upgrade* Model at Magoffin Park Villas in the in the Segundo Barrio neighborhood starting from $1,415. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Magoffin Park VillasPlan B2- Upgrade*2BR,2BA$1.29
Diplomat Apartments2 Bedroom2BR,1.5BA$1.61
La Mariposa Apartments2 Beds, 1 Baths2BR,1BA$1.22
THE 501- Downtown livingB52BR,1BA$1.60
1944 Arizona Ave1944 Arizona Ave1BR,1BA$2.54
Savoy LoftsA1Studio ,1BA$1.53
Ramey ApartmentsStudioStudio ,1BA$1.50
1014 Brown St1014 Brown StStudio ,1BA$3.31
Alza DwellingsE1Studio ,1BA$2.75

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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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 $1,415.

What is the price of a cheap apartment in Rio Grande?

The cheapest apartment in Rio Grande is Diplomat Apartments which is listed at $949, while the average apartment in Rio Grande costs $1,303.

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

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.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.