301 Trail Ridge Rd
Silver CityNM88061
Cheap Homes for Rent in Elephant Butte, NM from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elephant Butte.
314 E 22nd St
Silver CityNM88061
5249 Cats Eye Rd
Las CrucesNM88012
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.
104 E 17th St
Silver CityNM88061
4212 N Charles St
Las CrucesNM88005
3405 Valverde Loop
Las CrucesNM88012
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.
4065 Canterra Arc
Las CrucesNM88011
Showing Results 1-7, Page 1 of 1
Elephant Butte, NM Local Guide
Long road! by uıɐɾ ʞ ʇɐɯɐs is licensed under CC BY 2.0
How much does it cost to rent a home in Elephant Butte?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elephant Butte 2 Bedroom Homes for Rent | $1,417 | $950 | $1,695 |
| Elephant Butte 3 Bedroom Homes for Rent | $1,736 | $1,200 | $2,500 |
| Elephant Butte 4 Bedroom Homes for Rent | $2,218 | $1,500 | $2,650 |
Browse Top Homes for Rent in Elephant Butte
Explore Elephant Butte
Elephant Butte, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 |
Best Value Apartments for Rent in Elephant Butte, NM and Nearby
As of June 21, 2026 the best value apartment in the Elephant Butte area is the $0.88 price per square foot CG 3 bedroom 2 bath Model at Colony Mesa Apartments in the starting from $1,125. The second greatest value Elephant Butte apartment is the 3BR/3BA Model at The Verge Las Cruces starting at $690 with a $0.57 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. |
|---|---|---|---|
| Colony Mesa Apartments | CG 3 bedroom 2 bath | 3BR,2BA | $0.88 |
| The Verge Las Cruces | 3BR/3BA | 3BR,3BA | $0.57 |
| Vista Montana | Four Bedroom 1194 SF | 4BR,2BA | $0.87 |
| Pavilions At University | Aggie | 2BR,2BA | $1.11 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| The Miranda | 2bd/2ba | 2BR,1.5BA | $0.93 |
| Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.05 |
| 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 |
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 Article
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.
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.
Let everyone know!
Do you know the Elephant Butte area?
If you’re an expert on all things Elephant Butte, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Elephant Butte
What type of rentals are currently available in Elephant Butte?
There are currently 54 Apartments for Rent in Elephant Butte, NM with pricing that ranges from $527 to $2,550. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elephant Butte ranging from $950 to $2,650.
What is the current price range for Rental Homes in Elephant Butte?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elephant Butte ranges from $950 to $2,650 with an average monthly rent of $1,730.
How much are larger Three and Four Bedroom Rentals in Elephant Butte?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elephant Butte range from $675 to $2,490, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,038.
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
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.
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.