Cheap Apartments for Rent in Espanola, NM from $600 (26 Rentals)

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

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.

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Vista Alegre Apartments
Rent Specials
$1,157 - $2,741
Total Monthly Price

Total Monthly Price

Base Rent
$1,062 - $2,646
Required Monthly Fees
$95

Total Monthly Price
$1,157 - $2,741
Studio to 2 Bedroom Apartments Available Now

Vista Alegre Apartments

1469 Zepol RdSanta Fe, NM 87507
Affordability
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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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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.

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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The Orchards
1 to 2 Bedroom Apartments

The Orchards

247 U.S. 550Bernalillo, NM 87004
  • Utilities Included

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 $899. Myrtle Apartments - All Utilities Included has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Espanola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$899
Myrtle Apartments - All Utilities IncludedStudioStudio,1BA$900
Casitas Del BellaEfficiency Grey WallsStudio,1BA$925
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,157
Elevate at OsloStudio - 325Studio,1BA$1,199
Casa Loma ApartmentsStudioStudio,1BA$1,250
Artista2x12BR,1BA$1,299

Best Value Apartments for Rent in Espanola, NM and Nearby

As of February 18, 2026 the best value apartment in the Espanola area is the $1.72 price per square foot 2 x 2.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,099. The second greatest value Espanola apartment is the Two Bedroom-Large Model at Cielo Luxury Living Apartments starting at $2,310 with a $2.03 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 Hills2 x 2.5 (2-car Gar)2BR,2.5BA$1.72
Cielo Luxury Living ApartmentsTwo Bedroom-Large2BR,2BA$2.03
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR,2BA$1.47
Soleras StationTwo Bedroom2BR,1BA$2.00
Rancho Carrera ApartmentsTwo Bedroom2BR,2BA$1.80
The MicaThe Pinon2BR,1BA$1.98
Coronado Townhomes2x22BR,2BA$2.01
VizcayaMadrid1BR,1BA$1.92
Evergreen Apartments1x1-B1BR,1BA$1.70
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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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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.

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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.

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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!

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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 $899.

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

The lowest price for a Cheap One Bedroom Espanola Apartment is $993 at Casa de Encantada Senior Apartments.

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 $1,299 at Artista.

What is the most affordable Espanola Three Bedroom Apartment?

The best deal on a cheap Espanola Three Bedroom Apartment rental is at Artista and starts from $1,699.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.