
Cheap Apartments for Rent in Elephant Butte, NM from $300 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Elephant Butte.


Presidio Apartments

Casitas at 805 N 17Th St.

Total Monthly Price
Telshor Apartments

Mountain Springs Pointe

Buena Vida

340 Las Cruces

1655 S Main

Peachtree Canyon Apartments

Four Hills
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.

Los Altos

Vista Montana

Woodcrest Apartments

Regency Pointe Apartments

OMNI-Centre Square

Sierra Verde

The Miranda

Colony Mesa Apartments

Alta Tierra

Telshor Terrace Apartments
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.

Sun Ridge Village

Morgan St

Country Crest Apartment Homes

Santa Teresa Terrace

700 California Ave

Alexis Apartments

Park Place

Woodlands Cabins

Casa Bandera

Pavilions At University
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

HIGH RANGE VILLAGE

Cuestas

Copperstone Apartments of Las Cruces

Wyndchase Apartments

Eagle Ranch Estates

The Pavilions at South Fork

Tuscany Villa and Estates

Quail Ridge Apartments

Willow Springs Apartments

The Flats at Ridgeview
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.

Casas De Soledad

Sonoma Pointe Apartments

The Vue Apartments

Three Sisters Apts - Income Restrictions

1206 Cuba Rd

2930 Claude Dove Dr

654 Rouault Ave

3389 Valverde Loop

3650 Morningstar Dr

2019 Evelyn St
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.
Elephant Butte, NM Local Guide

How much does it cost to rent an apartment in Elephant Butte?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elephant Butte Studio Apartments | $728 | $650 | $785 |
| Elephant Butte 1 Bedroom Apartments | $1,101 | $527 | $1,925 |
| Elephant Butte 2 Bedroom Apartments | $1,415 | $750 | $2,550 |
| Elephant Butte 3 Bedroom Apartments | $1,496 | $675 | $2,655 |
| Elephant Butte 4 Bedroom Apartments | $1,038 | $1,038 | $1,038 |
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Elephant Butte, NM Local Guide
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Cheapest Available Elephant Butte Apartments for Rent and Nearby
 The cheapest available apartment rental in Elephant Butte, NM is a 3 Beds unit found at The Verge Las Cruces priced from $675. 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 $695. Here is today’s list of the most affordable Elephant Butte apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Verge Las Cruces | 3BR/3BA - Unfurnished | 3BR,3BA | $675 |
| Casitas at 805 N 17Th St. | Studio | Studio,1BA | $695 |
| Mountain Springs Pointe | 1 Bedroom | 1BR,1BA | $750 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,1BA | $770 |
| 1655 S Main | Contemporary Studios | Studio,1BA | $785 |
| 340 Las Cruces | Peaceful courtyard | 1BR,1BA | $785 |
| Peachtree Canyon Apartments | 1 Bedroom | 1BR,1BA | $795 |
| Sierra Verde | La Sierra | 1BR,1BA | $845 |
| OMNI-Centre Square | One Bedroom | 1BR,1BA | $845 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $892 |
Best Value Apartments for Rent in Elephant Butte, NM and Nearby
As of June 03, 2026 the best value apartment in the Elephant Butte area is the $0.57 price per square foot 3BR/3BA Model at The Verge Las Cruces in the starting from $690. The second greatest value Elephant Butte apartment is the The Catlina Model at The Pavilions at South Fork starting at $1,410 with a $1.28 price per square foot . Here is today’s list of the best values for Elephant Butte apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Verge Las Cruces | 3BR/3BA | 3BR,3BA | $0.57 |
| The Pavilions at South Fork | The Catlina | 2BR,2BA | $1.28 |
| Colony Mesa Apartments | CG 2 bedroom 1 bath | 2BR,1BA | $0.89 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Pavilions At University | Aggie | 2BR,2BA | $1.11 |
| The Miranda | 2bd/2ba | 2BR,1.5BA | $0.93 |
| Regency Pointe Apartments | The Royale | 2BR,1BA | $1.13 |
| 700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
| Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
| Buena Vida | 1 Bedroom 1 Bath | 1BR,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.
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
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elephant Butte, NM Rentals by Map
See the most popular apartments and homes in Elephant Butte, NM
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 $892 at Alta Tierra.
What is the most affordable Elephant Butte Three Bedroom Apartment?
The best deal on a cheap Elephant Butte Three Bedroom Apartment rental is at The Verge Las Cruces and starts from $675.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.