518 E Boutz Rd
Las CrucesNM88001
Cheap Homes for Rent in Elephant Butte, NM from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elephant Butte.
1101 2nd St
Las CrucesNM88005
1345 Branson Ave
Las CrucesNM88001
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.
2930 Claude Dove Dr
Las CrucesNM88011
2324 E Idaho Ave
Las CrucesNM88001
654 Rouault Ave
Las CrucesNM88005
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.
2908 Valle Vista
Las CrucesNM88011
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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 | $1,491 | $850 | $2,400 |
| Elephant Butte 3 Bedroom Homes for Rent | $1,729 | $1,050 | $2,750 |
| Elephant Butte 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
| Elephant Butte 5 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
Best Value Apartments for Rent in Elephant Butte, NM and Nearby
As of May 07, 2026 the best value apartment in the Elephant Butte area is the $1.27 price per square foot The Calabria Model at Tuscany Villa and Estates in the starting from $1,425. The second greatest value Elephant Butte apartment is the CG 2 bedroom 1 bath Model at Colony Mesa Apartments starting at $960 with a $0.89 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. |
|---|---|---|---|
| Tuscany Villa and Estates | The Calabria | 2BR,2BA | $1.27 |
| Colony Mesa Apartments | CG 2 bedroom 1 bath | 2BR,1BA | $0.89 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Casa Bandera | B1 up | 2BR,2BA | $1.19 |
| 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 |
| Woodcrest Apartments | 1 Bedroom | 1BR,1BA | $1.19 |
| Peachtree Canyon Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.29 |
| 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 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.
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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.
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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 $474 to $2,550. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elephant Butte ranging from $850 to $2,750.
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 $850 to $2,750 with an average monthly rent of $1,904.
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 $690 to $2,525, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,750. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $915.
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
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.