Cheap Homes for Rent in Elida, NM from $500 (21 Rentals)

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

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.

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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.

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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.

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Showing Results 1-21, 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 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 ListingModel NameBed/BathPriced From
University SquareOne Bedroom1BR,1BA$650
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$700
Pueblo ChamisaLea - One Bedroom1BR,1BA$720
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$773

Best Value Apartments for Rent in Elida, NM and Nearby

As of June 18, 2025 the best value apartment in the Elida area is the $0.91 price per square foot 2100 Fred Daughtery B Model at 2100 Fred Daugherty Ave in the starting from $1,000. The second greatest value Elida apartment is the C1 Model at Raintree Apartments starting at $1,272 with a $1.29 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.
2100 Fred Daugherty Ave2100 Fred Daughtery B2BR,2BA$0.91
Raintree ApartmentsC12BR,2BA$1.29
Gidding Apartments3401 Gidding2BR,1BA$1.06
Townsgate Apartments129 Townsgate2BR,1BA$1.06
Villas of Briar Ridge2 Bed, 1 Bath2BR,1BA$1.23
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
University SquareOne Bedroom1BR,1BA$1.12

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.

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Frequently Asked Questions about Elida

What type of rentals are currently available in Elida?

There are currently 43 Apartments for Rent in Elida, NM with pricing that ranges from $495 to $2,240. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elida ranging from $525 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 $525 to $2,000 with an average monthly rent of $1,072.

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.

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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.

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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.

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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.

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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.