
Cheap Homes for Rent near Elephant Butte, NM from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elephant Butte.


3650 Morningstar Dr

5499 Cll De Rosas

4305 Nambe Ct

5095 Kensington Way

5565 Gobi Ln
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.

5317 Isabella Ct

1619 Costales Trail

4938 S Fork Rd

3381 Valverde Loop

5004 Troybrook Rd

4381 Levante Dr
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.

3860 Las Colinas Dr
Elephant Butte, NM Local Guide

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 | $1,660 | $1,495 | $2,000 |
| Elephant Butte 3 Bedroom Homes for Rent | $1,771 | $1,250 | $2,300 |
| Elephant Butte 4 Bedroom Homes for Rent | $2,043 | $1,495 | $2,600 |
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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 |
| 1655 S Main | Contemporary Studios | Studio,1BA | $785 |
| Mira Vista | One Bedroom, One Bath | 1BR,1BA | $818 |
Best Value Apartments for Rent in Elephant Butte, NM and Nearby
As of August 05, 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 C4 Model at Casas De Soledad starting at $1,869 with a $1.14 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 Florence | 2BR,2BA | $1.26 |
| Casas De Soledad | C4 | 2BR,2.5BA | $1.14 |
| The Pavilions at South Fork | The Mediterranean with pool view | 2BR,2BA | $1.29 |
| Alexis Apartments | 2 Bedroom | 2BR,2BA | $1.27 |
| Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
| Pavilions At University | Aggie | 2BR,2BA | $1.15 |
| Woodcrest Apartments | 2 Bedroom | 2BR,2BA | $1.05 |
| 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.
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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 53 Apartments for Rent in Elephant Butte, NM with pricing that ranges from $527 to $3,132. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elephant Butte ranging from $1,250 to $2,600.
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 $1,250 to $2,600 with an average monthly rent of $1,801.
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 $710 to $3,132, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,495 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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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.