Cheap Apartments for Rent near Elephant Butte, NM from $527 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elephant Butte.

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Telshor Apartments
$730 - $900

Total Monthly Price

Base Rent$730 - $900
Total Monthly Price$730 - $900
1 to 3 Bedroom Apartments Available Now

Telshor Apartments

999 S Telshor BlvdLas Cruces, NM 88011
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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.

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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.

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340 Las Cruces
1 Bedroom Apartments

340 Las Cruces

340-344 E Las Cruces AveLas Cruces, NM 88001
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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801

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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Showing Results 1-50, Page 1 of 2

Elephant Butte, NM Local Guide

Cheapest Available Elephant Butte Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elephant Butte, NM is a Studio unit found at Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood priced from $695. Presidio Apartments in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Elephant Butte apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casitas at 805 N 17Th St.StudioStudio,1BA$695
Presidio Apartments1 Bedroom1BR,1BA$700
Mountain Springs Pointe1 Bedroom1BR,1BA$750
Buena Vida1 Bedroom 1 Bath1BR,1BA$770
1655 S MainContemporary StudiosStudio,1BA$795
OMNI-Centre SquareOne Bedroom1BR,1BA$865
Alta Tierra2 Bedrooms2BR,1BA$892
Telshor Apartments3 Bedroom3BR,2BA$900
Telshor Terrace Apartments1X11BR,1BA$900
Park Place1 Bedroom, 1 Bath1BR,1BA$910

Best Value Apartments for Rent in Elephant Butte, NM and Nearby

As of September 07, 2026 the best value apartment in the Elephant Butte area is the $0.87 price per square foot Four Bedroom 1194 SF Model at Vista Montana in the in the Downtown Las Cruces neighborhood starting from $1,038. The second greatest value Elephant Butte apartment is the 3bd/2ba Model at The Miranda starting at $1,025 with a $0.89 price per square foot in the Downtown Las Cruces neighborhood. Here is today’s list of the best values for Elephant Butte apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vista MontanaFour Bedroom 1194 SF4BR,2BA$0.87
The Miranda3bd/2ba3BR,1.5BA$0.89
Pavilions At UniversityAggie2BR,2BA$1.15
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Telshor Apartments3 Bedroom3BR,2BA$0.99
Woodcrest Apartments2 Bedroom2BR,2BA$1.05
Regency Pointe ApartmentsThe Royale2BR,1BA$1.13
700 California Ave2 Bedroom2BR,1BA$1.17
Colony Mesa ApartmentsCM 2 bedroom 2 bath2BR,2BA$1.13
Alta Tierra2 Bedrooms2BR,1BA$1.14

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elephant Butte, NM Rentals by Map

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See the most popular apartments and homes in Elephant Butte, NM

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Frequently Asked Questions about Cheap Elephant Butte Apartments

What is the Cheapest Studio apartment in Elephant Butte?

Currently the most affordable Cheap Studio Apartment in Elephant Butte is at Casitas at 805 N 17Th St. listed at $695.

How much is rent for a Cheap One Bedroom Elephant Butte Apartment?

The lowest price for a Cheap One Bedroom Elephant Butte Apartment is $700 at Presidio Apartments.

What is the lowest price for a Cheap Two Bedroom Elephant Butte Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elephant Butte is starting from $870 at Buena Vida.

What is the most affordable Elephant Butte Three Bedroom Apartment?

The best deal on a cheap Elephant Butte Three Bedroom Apartment rental is at Telshor Apartments and starts from $900.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.