
Cheap Homes for Rent in the Rio Grande Neighborhood of El Paso, TX from $495 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Rio Grande area of El Paso.


1005 Arizona Ave

2115 N Kansas St

1009 N Florence St

1104 Myrtle

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

1526 Yandell Dr, Unit 1

2115 N Kansas St

1526 Yandell Dr, Unit B

317 Park

1820 Montana Ave, Unit 17

1909 Yandell Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Rio Grande, El Paso, TX Local Guide

How much does it cost to rent a home in Rio Grande?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Grande 2 Bedroom Homes for Rent | $1,667 | $1,195 | $2,000 |
| Rio Grande 3 Bedroom Homes for Rent | $1,837 | $1,300 | $2,200 |
| Rio Grande 4 Bedroom Homes for Rent | $2,947 | $2,400 | $3,495 |
| Rio Grande 5 Bedroom Homes for Rent | $2,422 | $1,895 | $2,950 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 |
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
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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.
Best Local Schools in Rio Grande, El Paso, TX
School data provided by Great Schools
Frequently Asked Questions about Rio Grande
What type of rentals are currently available in Rio Grande?
There are currently 289 Apartments for Rent in Rio Grande, TX with pricing that ranges from $450 to $1,985. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Grande ranging from $495 to $3,495.
What is the current price range for Rental Homes in Rio Grande?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rio Grande ranges from $495 to $3,495 with an average monthly rent of $1,497.
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.