Cheap Apartments for Rent near Elephant Butte, NM from $300 (66 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

Total Monthly Price

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

Telshor Apartments

999 S Telshor BlvdLas Cruces, NM 88011
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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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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.

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McGuffey Vistas
$1,800 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $2,300
Total Monthly Price
$1,800 - $2,300
2 to 3 Bedroom Apartments Available Now

McGuffey Vistas

5600 McGuffey StLas Cruces, NM 88012
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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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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. Mountain Springs Pointe in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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
Mountain Springs Pointe1 Bedroom1BR,1BA$750
Buena Vida1 Bedroom 1 Bath1BR,1BA$770
1655 S MainContemporary StudiosStudio,1BA$785
Sierra VerdeLa Sierra1BR,1BA$845
OMNI-Centre SquareOne Bedroom1BR,1BA$845
Alta Tierra2 Bedrooms2BR,1BA$892
Telshor Terrace Apartments1X11BR,1BA$900
Sun Ridge Village1 Bedroom - Small1BR,1BA$925
Woodcrest Apartments2 Bedroom2BR,2BA$935

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

As of July 21, 2026 the best value apartment in the Elephant Butte area is the $1.26 price per square foot The Florence Model at Tuscany Villa and Estates in the starting from $2,200. The second greatest value Elephant Butte apartment is the C1 Model at Casa Bandera starting at $1,430 with a $1.22 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.
Tuscany Villa and EstatesThe Florence2BR,2BA$1.26
Casa BanderaC13BR,2BA$1.22
The Pavilions at South ForkThe Catlina2BR,2BA$1.28
Santa Teresa Terrace3 Bed, 2 Bath B (60% Income Restricted) ST III3BR,2BA$1.16
Pavilions At UniversityAggie2BR,2BA$1.15
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Woodcrest Apartments2 Bedroom2BR,2BA$1.05
700 California Ave2 Bedroom2BR,1BA$1.17
Alta Tierra2 Bedrooms2BR,1BA$1.14
Buena Vida1 Bedroom 1 Bath1BR,1BA$1.25

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

Explore Elephant Butte, NM Rentals by Map

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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 $750 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 $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 Santa Teresa Terrace and starts from $1,071.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.