
Cheap Homes for Rent in Elida, NM from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Elida.


516 E 1st St

111 N Boulder Ave

1117 W University Dr

1100 Wallace St

607 W 17th St
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.

908 S Main Ave

521 S Main Ave

617 W 17th St

416 W 6th St

1812 W 17th Ln

905 N Avenue K
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.

929 W 16th St

900 E Danube St

809 S Avenue A

309 S Avenue G

805 S Avenue C

523 W 14th St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Elida, NM Local Guide

How much does it cost to rent a home in Elida?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elida 2 Bedroom Homes for Rent | $873 | $650 | $2,000 |
| Elida 3 Bedroom Homes for Rent | $1,281 | $975 | $2,000 |
| Elida 4 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Top Homes for Rent in Elida
Explore Elida
Elida, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Elida Apartments for Rent and Nearby
 The cheapest available apartment rental in Elida, NM is a 2 Beds unit found at Tierra Blanca priced from $444. Mirador Apartments 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 |
|---|---|---|---|
| Tierra Blanca | 22-30 | 2BR,2BA | $444 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $650 |
| Sierra Vista Village | 2B/1B SS | 2BR,1BA | $700 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $773 |
| Blue Water Garden | 1 Bed / 1 Bath | 1BR,1BA | $869 |
Best Value Apartments for Rent in Elida, NM and Nearby
As of November 11, 2025 the best value apartment in the Elida area is the $1.15 price per square foot 3 Bed, 1.5 Bath Model at Villas of Briar Ridge in the starting from $1,373. The second greatest value Elida apartment is the 4 Bed / 1.5 Bath Model at Blue Water Garden starting at $1,525 with a $1.43 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. |
|---|---|---|---|
| Villas of Briar Ridge | 3 Bed, 1.5 Bath | 3BR,1.5BA | $1.15 |
| Blue Water Garden | 4 Bed / 1.5 Bath | 4BR,1.5BA | $1.43 |
| Lovington Trails | Two Bedroom, Two Bath | 2BR,2BA | $1.40 |
| Tierra Blanca | 22-60 | 2BR,2BA | $1.05 |
| Townsgate Apartments | 133 Townsgate | 2BR,1BA | $1.06 |
| 300-304 Townsgate Plz | 300 Townsgate | 2BR,1BA | $1.06 |
| Saddlecreek Apartments | Palmetto | 2BR,2BA | $1.05 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
| Sierra Vista Village | 2B/1B | 1BR,1BA | $1.17 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $1.33 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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
Frequently Asked Questions about Elida
What type of rentals are currently available in Elida?
There are currently 42 Apartments for Rent in Elida, NM with pricing that ranges from $377 to $4,087. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elida ranging from $550 to $2,000.
What is the current price range for Rental Homes in Elida?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elida ranges from $550 to $2,000 with an average monthly rent of $1,184.
How much are larger Three and Four Bedroom Rentals in Elida?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elida range from $508 to $4,087, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,525.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.