Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rio Grande area of El Paso.

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
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1601 El Paso St
Studio to 2 Bedroom Apartments

1601 El Paso St

1601 El Paso StEl Paso, TX 79902

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 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
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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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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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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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1707 N Stanton St
Studio to 2 Bedroom Apartments

1707 N Stanton St

1707 N Stanton StEl Paso, TX 79902
Student Housing
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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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1024 N Oregon St
1 Bedroom Apartments

1024 N Oregon St

1024 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

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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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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 1 Bed unit found at Highlander Apartments priced from $720. 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 ListingModel NameBed/BathPriced From
Highlander Apartments1 Bedroom1BR,1BA$720
Ramey ApartmentsStudioStudio,1BA$725
Wyoming Pearl1 Bedroom 1 Bathroom1BR,1BA$750
Sedona Peak1 Bedroom1BR,1BA$870
Savoy LoftsA1Studio,1BA$900
THE 501- Downtown livingB42BR,1BA$979
Prospect Street Apartments1-1 Upstairs + Garage1BR,1BA$1,000
Alza DwellingsE1Studio,1BA$1,028
La Mariposa Apartments2 Beds, 1.5 Baths2BR,1BA$1,100

Best Value Apartments for Rent in Rio Grande, TX

As of January 08, 2026 the best value apartment in the Rio Grande area is the $1.08 price per square foot 822 Prospect St Model at 822 Prospect St in the in the Sunset Heights neighborhood starting from $1,299. The second greatest value Rio Grande apartment is the 1-1 Upstairs + Garage Model at Prospect Street Apartments starting at $1,000 with a $0.92 price per square foot in the Sunset Heights 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.
822 Prospect St822 Prospect St2BR,1BA$1.08
Prospect Street Apartments1-1 Upstairs + Garage1BR,1BA$0.92
Nuestra Senora2 Bed 2 Bath2BR,2BA$1.42
La Mariposa Apartments2 Beds, 1 Baths2BR,1BA$1.22
THE 501- Downtown livingB42BR,1BA$1.63
Savoy LoftsA1Studio ,1BA$1.53
Sedona Peak1 Bedroom1BR,1BA$1.48
Alza DwellingsA11BR,1BA$2.25
Ramey ApartmentsStudioStudio ,1BA$1.50
Highlander Apartments1 Bedroom1BR,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.

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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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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 the Cheapest Studio apartment in Rio Grande?

Currently the most affordable Cheap Studio Apartment in Rio Grande is at Ramey Apartments listed at $725.

How much is rent for a Cheap One Bedroom Rio Grande Apartment?

The lowest price for a Cheap One Bedroom Rio Grande Apartment is $720 at Highlander Apartments.

What is the lowest price for a Cheap Two Bedroom Rio Grande Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rio Grande is starting from $979 at THE 501- Downtown living.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.