Cheap Apartments for Rent in Espanola, NM from $600 (10 Rentals)

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

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.

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.

Espanola, NM Local Guide

Cheapest Available Espanola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Espanola, NM is a Studio unit found at Santa Fe Suites in the Pueblos Del Sol neighborhood priced from $950. Vista Alegre Apartments in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here is today’s list of the most affordable Espanola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$950
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,099
Sierra Blanca ApartmentsStudioStudio,1BA$1,100

Best Value Apartments for Rent in Espanola, NM and Nearby

As of June 29, 2025 the best value apartment in the Espanola area is the $1.51 price per square foot 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,495. The second greatest value Espanola apartment is the Three Bedroom Model at Cielo Luxury Living Apartments starting at $2,758 with a $2.19 price per square foot in the Pueblos Del Sol neighborhood. Here is today’s list of the best values for Espanola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.51
Cielo Luxury Living ApartmentsThree Bedroom3BR,2BA$2.19
The MicaThe Sagebrush2BR,2BA$1.79
Canyon Walk Income RestrictedOne Bedroom1BR,1BA$1.27
Vista Linda2 Bedroom | 1 Bath2BR,1BA$1.94
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR,2BA$2.03
Coronado Townhomes2x12BR,1BA$1.98
VizcayaChama1BR,1BA$2.18
Casa Loma ApartmentsStudioStudio ,1BA$2.17
Vista Alegre ApartmentsStudio, 1 BathStudio ,1BA$2.11

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

Explore Espanola, NM Rentals by Map

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Getting Around Espanola, NM

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Espanola Apartments

What is the Cheapest Studio apartment in Espanola?

Currently the most affordable Cheap Studio Apartment in Espanola is at Santa Fe Suites listed at $950.

How much is rent for a Cheap One Bedroom Espanola Apartment?

The lowest price for a Cheap One Bedroom Espanola Apartment is $1,135 at Canyon Walk Income Restricted.

What is the lowest price for a Cheap Two Bedroom Espanola Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Espanola is starting from $1,362 at Canyon Walk Income Restricted.

What is the most affordable Espanola Three Bedroom Apartment?

The best deal on a cheap Espanola Three Bedroom Apartment rental is at Canyon Walk Income Restricted and starts from $1,574.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.