
Cheap Homes for Rent in Elephant Butte, NM from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Elephant Butte.


246 Valle De Uvas

779 Hummingbird Dr

6428 Towhee Ave
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.

3211 Mercury Ln

4943 Sherwood Rd

617 Cielo Vista Ct

202 E 4th Ave
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.

112 Romero 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 | $1,676 | $1,275 | $2,000 |
Elephant Butte 3 Bedroom Homes for Rent | $1,758 | $1,380 | $2,400 |
Elephant Butte 4 Bedroom Homes for Rent | $2,053 | $1,750 | $2,500 |
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 Studio unit found at Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood priced from $725. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Casitas at 805 N 17Th St. | Studio | Studio,1BA | $725 |
1655 S Main | Contemporary | 1BR,1BA | $795 |
Sun Ridge Village | 1 Bedroom - Small | 1BR,1BA | $800 |
Best Value Apartments for Rent in Elephant Butte, NM and Nearby
As of September 09, 2025 the best value apartment in the Elephant Butte area is the $0.88 price per square foot 3 bedroom 2 bath - Colony Garden Model at Colony Mesa Apartments in the starting from $1,125. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Colony Mesa Apartments | 3 bedroom 2 bath - Colony Garden | 3BR,2BA | $0.88 |
Vista Montana | Three Bedrooms | 3BR,2BA | $0.81 |
Wyndchase Apartments | 2bed 2bath | 2BR,2BA | $1.16 |
1206 Cuba Rd | 1 Bedroom | 1BR,1BA | $1.05 |
700 California Ave | 2 Bedroom | 2BR,1BA | $1.17 |
Verge at Las Cruces | 2BR/2BA | 2BR,2BA | $0.88 |
Alta Tierra | 2 Bedrooms | 2BR,1BA | $1.14 |
Woodcrest Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
Sierra Verde | La Sierra | 1BR,1BA | $1.30 |
OMNI-Centre Square | One Bedroom | 1BR,1BA | $1.38 |
Quick 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 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 35 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 $1,829.
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 $1,750 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.

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.

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.

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.

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.