Cheap Apartments for Rent in Espanola, NM from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Espanola.

Santa Fe Suites

Vista Alegre Apartments
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.

Sierra Blanca Apartments

Canyon Walk Income Restricted

Elevate at Oslo
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.

Casa Loma Apartments

Enchanted Hills
Espanola, NM Local Guide

How much does it cost to rent an apartment in Espanola?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Espanola Studio Apartments | $1,323 | $950 | $1,835 |
Espanola 1 Bedroom Apartments | $1,851 | $1,135 | $3,075 |
Espanola 2 Bedroom Apartments | $2,130 | $1,362 | $3,889 |
Espanola 3 Bedroom Apartments | $2,449 | $1,574 | $4,945 |
Espanola 4 Bedroom Apartments | $2,620 | $2,620 | $2,620 |
Browse Top Apartments in Espanola
See all Apartments in EspanolaExplore Espanola
Espanola, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Santa Fe Suites | Studio | Studio,1BA | $950 |
Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,099 |
Sierra Blanca Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Terra at Enchanted Hills | 3 x 3.5 (2-car Gar) | 3BR,3.5BA | $1.51 |
Cielo Luxury Living Apartments | Three Bedroom | 3BR,2BA | $2.19 |
The Mica | The Sagebrush | 2BR,2BA | $1.79 |
Canyon Walk Income Restricted | One Bedroom | 1BR,1BA | $1.27 |
Vista Linda | 2 Bedroom | 1 Bath | 2BR,1BA | $1.94 |
The Bluffs at Tierra Contenta | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.03 |
Coronado Townhomes | 2x1 | 2BR,1BA | $1.98 |
Vizcaya | Chama | 1BR,1BA | $2.18 |
Casa Loma Apartments | Studio | Studio ,1BA | $2.17 |
Vista Alegre Apartments | Studio, 1 Bath | Studio ,1BA | $2.11 |
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.
Best Local Schools in Espanola, NM
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Espanola, NM Rentals by Map
See the most popular apartments and homes in Espanola, NM
Getting Around Espanola, NM
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.