Cheap Homes for Rent in Elephant Butte, NM from $1,200 (12 Rentals)

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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 $750. 1655 S Main in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. 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$750
1655 S MainContemporary1BR,1BA$795
OMNI-Centre SquareOne Bedroom1BR,1BA$825
Vista MontanaThree Bedrooms3BR,2BA$832
Sierra VerdeLa Sierra1BR,1BA$845

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

As of September 10, 2025 the best value apartment in the Elephant Butte area is the $1.35 price per square foot C2 Model at Casas De Soledad in the starting from $1,470. The second greatest value Elephant Butte apartment is the Three Bedrooms Model at Vista Montana starting at $832 with a $0.81 price per square foot in the Downtown Las Cruces neighborhood. 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.
Casas De SoledadC22BR,2BA$1.35
Vista MontanaThree Bedrooms3BR,2BA$0.81
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
Sonoma Pointe Apartments2 Bedroom1BR,1BA$1.41
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Verge at Las Cruces2BR/2BA2BR,2BA$0.88
Alta Tierra2 Bedrooms2BR,1BA$1.14
Woodcrest Apartments1 Bedroom1BR,1BA$1.28
Sierra VerdeLa Sierra1BR,1BA$1.30
OMNI-Centre SquareOne Bedroom1BR,1BA$1.38

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

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Frequently Asked Questions about Elephant Butte

What type of rentals are currently available in Elephant Butte?

There are currently 49 Apartments for Rent in Elephant Butte, NM with pricing that ranges from $357 to $2,750. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elephant Butte ranging from $1,275 to $2,500.

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 $1,275 to $2,500 with an average monthly rent of $1,843.

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 $487 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,380 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $923.

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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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.