Cheap Apartments for Rent in Elephant Butte, NM from $600 (19 Rentals)

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

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 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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-19, Page 1 of 1

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 Mountain Springs Pointe in the Downtown Las Cruces neighborhood priced from $700. 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 $725. Here is today’s list of the most affordable Elephant Butte apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain Springs Pointe1 Bedroom1BR,1BA$700
Casitas at 805 N 17Th St.StudioStudio,1BA$725
Three Sisters Apts - Income RestrictionsOne Bedroom1BR,1BA$755
1655 S MainContemporary1BR,1BA$795
Sun Ridge Village1 Bedroom - Small1BR,1BA$800

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

As of June 20, 2025 the best value apartment in the Elephant Butte area is the $0.87 price per square foot 2 bedroom 1.5 bath townhome - Colony Garden Model at Colony Mesa Apartments in the starting from $1,025. The second greatest value Elephant Butte apartment is the Aggie Model at Pavilions At University starting at $1,055 with a $1.06 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.
Colony Mesa Apartments2 bedroom 1.5 bath townhome - Colony Garden2BR,1.5BA$0.87
Pavilions At UniversityAggie2BR,2BA$1.06
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Woodcrest Apartments2 Bedroom2BR,2BA$1.12
The Pavilions at South ForkThe Venetian1BR,1BA$1.30
700 California Ave2 Bedroom2BR,1BA$1.17
Verge at Las Cruces2BR/2BA2BR,2BA$0.88
Santa Teresa Terrace2 Bed, 1 Bath2BR,1BA$1.37
Sierra VerdeLa Sierra1BR,1BA$1.30
Three Sisters Apts - Income RestrictionsOne Bedroom1BR,1BA$1.30

Quick Rent Budget Calculator

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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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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 $700 at Mountain Springs Pointe.

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 $904 at Three Sisters Apts - Income Restrictions.

What is the most affordable Elephant Butte Three Bedroom Apartment?

The best deal on a cheap Elephant Butte Three Bedroom Apartment rental is at Three Sisters Apts - Income Restrictions and starts from $1,039.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.