
Cheap Apartments for Rent in the Rio Grande Neighborhood of El Paso, TX from $400 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Grande area of El Paso.


119 W Nevada Ave, Unit 213

1211 N Ochoa St

704 Wellesley Rd

705 N St Vrain St

Highlander Apartments

1309 E Rio Grande Ave

1210 N Florence St

1114 N El Paso St

Ramey Apartments
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.

1707 N Stanton St

1906 Yandell Dr

701 W Yandell Dr

1307 E Nevada Ave, Unit Unit B, Unit Unit B

THE 501- Downtown living

Magoffin Park Villas

Savoy Lofts

Sedona Peak

Diplomat Apartments

605 Nino Aguilera 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.

1910 N Stanton St

Prospect Street Apartments

D Lamar Apartments

1601 El Paso St

The Pearl Apartments

Tres Vistas

1964 Murchison Dr

610 Prospect

Cliff Terrace & On the Hill Apartments

219 W Rio Grande 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.

The Wallace Apartments

Blue Flame Apartments

Martin Lofts

410 W Yandell

1026 Myrtle Ave

Wyoming Pearl

1114 El Paso St

1415 Brown St

900 E Baltimore Dr

412 W. Yandell Drive
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.

1024 N Oregon St

1909 Yandell Dr

1012-1016 N Oregon St

1217 N Mesa

1201 N St Vrain St

Franklin Avenue Apartments

Sun Plaza Apartments

Oregon Pearl

1419 Wyoming Ave

1307 N Ochoa St
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

How much does it cost to rent an apartment in Rio Grande?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Grande Studio Apartments | $913 | $450 | $1,350 |
| Rio Grande 1 Bedroom Apartments | $1,000 | $450 | $1,525 |
| Rio Grande 2 Bedroom Apartments | $1,381 | $750 | $2,550 |
| Rio Grande 3 Bedroom Apartments | $1,534 | $1,189 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 53 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ramey Apartments | Studio | Studio,1BA | $750 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
| THE 501- Downtown living | B6 | 2BR,1BA | $979 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,100 |
| Alza Dwellings | E1 | Studio,1BA | $1,121 |
| Magoffin Park Villas | Plan 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Magoffin Park Villas | Plan B2- Upgrade* | 2BR,2BA | $1.29 |
| Diplomat Apartments | 2 Bedroom | 2BR,1.5BA | $1.61 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| 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 |
| Ramey Apartments | Studio | Studio ,1BA | $1.50 |
| 1014 Brown St | 1014 Brown St | Studio ,1BA | $3.31 |
| Alza Dwellings | E1 | Studio ,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.
Read ArticleWhere 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 $1,415.
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

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.

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.

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.