Cheap Apartments for Rent in Elida, NM from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Elida.

301 Gayland Dr

113-1155 E 5th St

601-603 W 1st St
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.

300 E 5th St

510 W 15th St

218-220 E 9th St

703 Ross St

Christa Lee Manor Apartments

Pueblo Chamisa

506 E 1st St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1100 12th St

109 Sasser Dr

Mesa Verde - FREE Utilities

209 Gidding St

519 1/2 Gidding St

1404 S Avenue J

1010 N Avenue A
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

120 Navajo Rd

522 S Ave E

901 Sheldon St

221 S Avenue J

523 W 14th St

816 Wright St

615 N Avenue Q

416 W 6th St

1707 W 17th Ln

1204 N Edwards St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Elida, NM Local Guide

How much does it cost to rent an apartment in Elida?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elida 1 Bedroom Apartments | $888 | $495 | $1,291 |
Elida 2 Bedroom Apartments | $1,185 | $585 | $2,240 |
Elida 3 Bedroom Apartments | $1,378 | $875 | $2,028 |
Browse Top Apartments in Elida
See all Apartments in ElidaExplore Elida
Elida, NM Local Guide
- Nearby Cities
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Cheapest Available Elida Apartments for Rent and Nearby
 The cheapest available apartment rental in Elida, NM is a 1 Bed unit found at University Square priced from $650. Sierra Vista Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Elida apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Square | One Bedroom | 1BR,1BA | $650 |
Sierra Vista Village | 1B/1B Flat | 1BR,1BA | $650 |
Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
Pueblo Chamisa | Lea - One Bedroom | 1BR,1BA | $720 |
Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $773 |
Townsgate Apartments | 125 Townsgate E | 2BR,1BA | $949 |
Gidding Apartments | 3401 Gidding | 2BR,1BA | $950 |
2100 Fred Daugherty Ave | Fred Daugherty | 2BR,2BA | $950 |
EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $987 |
Canyonstone Apartments | The Arrow Stone | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Elida, NM and Nearby
As of July 13, 2025 the best value apartment in the Elida area is the $0.86 price per square foot 2100 Fred Daughtery B Model at 2100 Fred Daugherty Ave in the starting from $950. The second greatest value Elida apartment is the 129 Townsgate Model at Townsgate Apartments starting at $950 with a $1.06 price per square foot . Here is today’s list of the best values for Elida apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2100 Fred Daugherty Ave | 2100 Fred Daughtery B | 2BR,2BA | $0.86 |
Townsgate Apartments | 129 Townsgate | 2BR,1BA | $1.06 |
Gidding Apartments | 3401 Gidding | 2BR,1BA | $1.06 |
EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
Spring River Luxury Apartment Homes | A1 | 1BR,1BA | $2.01 |
Pueblo Chamisa | Lea - One Bedroom | 1BR,1BA | $1.19 |
Sierra Vista Village | 2B/1B | 1BR,1BA | $1.42 |
Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $1.33 |
University Square | One Bedroom | 1BR,1BA | $1.12 |
Mirador Apartments | Efficiency | Studio ,1BA | $1.90 |
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 Elida, NM Rentals by Map
See the most popular apartments and homes in Elida, NM
Getting Around Elida, NM
Walk Score®
7 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
31 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elida Apartments
How much is rent for a Cheap One Bedroom Elida Apartment?
The lowest price for a Cheap One Bedroom Elida Apartment is $650 at University Square.
What is the lowest price for a Cheap Two Bedroom Elida Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elida is starting from $725 at University Square.
What is the most affordable Elida Three Bedroom Apartment?
The best deal on a cheap Elida Three Bedroom Apartment rental is at Mesa Verde - FREE Utilities and starts from $1,073.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.