Cheap Apartments for Rent near Elida, NM from $377 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elida.

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.

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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.

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1021 N Mlk Blvd
Studio to 2 Bedroom Apartments

1021 N Mlk Blvd

1021 N Mlk BlvdClovis, NM 88101
  • Utilities Included
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1517 Cameo St
1 Bedroom Apartments

1517 Cameo St

1517 Cameo StClovis, NM 88101
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804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

804 Stanton PlClovis, NM 88101
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221 Gayland Dr
1 Bedroom Apartments

221 Gayland Dr

221 Gayland DrClovis, NM 88101
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1216 Dartmouth
1 to 2 Bedroom Apartments

1216 Dartmouth

1216 DartmouthClovis, NM 88101
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
Student Housing
  • Utilities Included
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Pueblo Chamisa
1 to 3 Bedroom Apartments

Pueblo Chamisa

1800 S Pennsylvania AveRoswell, NM 88203
Corporate Housing
  • Utilities Included
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1021 Gidding St
2 Bedroom Apartments

1021 Gidding St

1021 Gidding StClovis, NM 88101

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.

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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
Corporate Housing
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Showing Results 1-38, Page 1 of 1

Elida, NM Local Guide

Cheapest Available Elida Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elida, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Elida apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hotel Clovis Lofts1 Bedroom1BR,1BA$463
Andalusia Aprtments1 Bedroom1BR,1BA$463
Wilshire Gardens 55+2 BR2BR,1BA$676
Mirador Apartments1 BEDROOM1BR,1BA$700
Sierra Vista Village2B/1B SS2BR,1BA$700
LoLomas Apartments 55+2 BR2BR,1BA$728
1103 N Washington Ave1 bed 1 bath1BR,1BA$750
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$820
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$855
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$987

Best Value Apartments for Rent in Elida, NM and Nearby

As of September 08, 2026 the best value apartment in the Elida area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Elida apartment is the 3 Bedrooms Model at Hotel Clovis Lofts starting at $844 with a $0.84 price per square foot . Here is today’s list of the best values for Elida apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mesquite Village ApartmentsModel C4BR,2BA$0.93
Hotel Clovis Lofts3 Bedrooms3BR,2BA$0.84
Tierra Blanca22-602BR,2BA$1.05
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$0.90
Gidding Apartments3401 Gidding2BR,1BA$1.11
300-304 Townsgate Plz304 Townsgate2BR,1BA$1.11
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
1103 N Washington Ave1 bed 1 bath1BR,1BA$1.00
Mirador Apartments1 BEDROOM1BR,1BA$1.09

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.

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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.

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

Explore Elida, NM Rentals by Map

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See the most popular apartments and homes in Elida, NM

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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 $463 at Hotel Clovis Lofts.

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 $563 at Hotel Clovis Lofts.

What is the most affordable Elida Three Bedroom Apartment?

The best deal on a cheap Elida Three Bedroom Apartment rental is at Andalusia Aprtments and starts from $653.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.