Cheap Apartments for Rent in Elephant Butte, NM from $300 (15 Rentals)

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

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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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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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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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 1 Bed unit found at E Idaho Ave priced from $600. Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Elephant Butte apartments for rent:

Apartment ListingModel NameBed/BathPriced From
E Idaho Ave1 bed1BR,1BA$600
Casitas at 805 N 17Th St.StudioStudio,1BA$750
1655 S MainContemporary1BR,1BA$795
OMNI-Centre SquareOne Bedroom1BR,1BA$825
Alta Tierra2 Bedrooms2BR,1BA$892

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

As of October 14, 2025 the best value apartment in the Elephant Butte area is the $0.88 price per square foot 2bed 2bath Model at Nambe Ct in the starting from $1,350. The second greatest value Elephant Butte apartment is the 2 Bedroom Townhouse Model at Alexis Apartments starting at $1,375 with a $1.25 price per square foot . 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.
Nambe Ct2bed 2bath2BR,2BA$0.88
Alexis Apartments2 Bedroom Townhouse2BR,2.5BA$1.25
Colony Mesa Apartments2 bedroom 1 bath - Colony Garden2BR,1BA$0.89
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Country Crest Apartment Homes2 bed 2 bath- W/D and refrigerated air2BR,2BA$1.17
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Sierra VerdeLa Hacienda2BR,1.5BA$1.12
700 California Ave2 Bedroom2BR,1BA$1.17
The Verge Las Cruces2BR/2BA2BR,2BA$0.88
Alta Tierra2 Bedrooms2BR,1BA$1.14

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

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Getting Around Elephant Butte, NM

Walk Score®

9 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

21 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elephant Butte Apartments

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

The lowest price for a Cheap One Bedroom Elephant Butte Apartment is $600 at E Idaho Ave.

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 $850 at E Idaho Ave.

What is the most affordable Elephant Butte Three Bedroom Apartment?

The best deal on a cheap Elephant Butte Three Bedroom Apartment rental is at Santa Teresa Terrace and starts from $993.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.