Cheap Apartments for Rent in Farmington, NM from $500 (41 Rentals)

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

property at 315 N Locke Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1.5 Bath Home for Rent

Available Now

315 N Locke Ave

FarmingtonNM87401

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Eaton Village
2 to 3 Bedroom Apartments

Eaton Village

2550 E 16th StFarmington, NM 87401
  • Utilities Included
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510 N Wall Ave
1 to 2 Bedroom Apartments

510 N Wall Ave

510 N Wall AveFarmington, NM 87401
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Ladera Village
2 to 3 Bedroom Apartments

Ladera Village

3500 N Butler AveFarmington, NM 87401
  • Utilities Included

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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La Terraza
2 to 3 Bedroom Apartments

La Terraza

900 Cannery CtFarmington, NM 87401
property at 28236 Co Rd H

$1,000 - $2,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio To 4 Bedroom Rentals

Available Now

28236 Co Rd H

CortezCO81321
property at 27 S Elm St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

27 S Elm St

CortezCO81321

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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Red Cliff
Rent Specials
$1,353 - $1,584
Total Monthly Price

Total Monthly Price

Base Rent
$1,353 - $1,584

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Red Cliff

5800 Main AveDurango, CO 81301
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property at 215 N Harrison St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

215 N Harrison St

CortezCO81321
property at 412 Bastille Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Home for Rent

Available Now

412 Bastille Dr

Pagosa SpringsCO81147
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Pagosa Spring Apartments
Studio to 3 Bedroom Apartments

Pagosa Spring Apartments

519 Village DrPagosa Springs, CO 81147
  • Utilities Included

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.

property at 4760 W U.S. Hwy 160

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Condo for Rent

Available Now

4760 W U.S. Hwy 160

Pagosa SpringsCO81147
property at 136 E 6th Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

Studio, 1 Bath Condo for Rent

Available Now

136 E 6th Ave

DurangoCO81301
property at 57 Canyon Cir

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

57 Canyon Cir

Pagosa SpringsCO81147
property at 177 E 7th Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Now

177 E 7th Ave

DurangoCO81301
property at 304 S Harrison St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Now

304 S Harrison St

CortezCO81321
property at 1851 Florida Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Now

1851 Florida Rd

DurangoCO81301

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.

property at 1135 Florida Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

1135 Florida Rd

DurangoCO81301

Farmington, NM Local Guide

Cheapest Available Farmington Apartments for Rent

 

The cheapest available apartment rental in Farmington, NM is a Studio unit found at Apex Studios priced from $1,150. River Roost in the Hawks Nest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Farmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apex StudiosUnfurnishedStudio,1BA$1,150
River RoostStudio A1 - UnfurnishedStudio,1BA$1,175
Red CliffA1 Loft1BR,1BA$1,353
Skyline ApartmentsE1Studio,1BA$1,778
Affinity at Three SpringsNova – Type 2/2A1BR,1BA$1,791
GaugeB12BR,2BA$2,182

Best Value Apartments for Rent in Farmington, NM

As of May 26, 2026 the best value apartment in the Farmington area is the $2.56 price per square foot 1100 Goeglein Gulch #267 Model at 1100 Goeglein Gulch #267, Unit #267 in the in the Hawks Nest neighborhood starting from $2,700. The second greatest value Farmington apartment is the 1100 Goeglein Gulch #149 Model at 1100 Goeglein Gulch #149, Unit Silver Peaks #149 starting at $2,550 with a $2.42 price per square foot in the Hawks Nest neighborhood. Here is today’s list of the best values for Farmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1100 Goeglein Gulch #267, Unit #2671100 Goeglein Gulch #2673BR,2BA$2.56
1100 Goeglein Gulch #149, Unit Silver Peaks #1491100 Goeglein Gulch #1493BR,2BA$2.42
Affinity at Three SpringsIntuition – Type 6/6A2BR,2BA$2.29
GaugeB12BR,2BA$2.17
530 Rio Pecos Rd, Unit 4530 Rio Pecos Rd2BR,1BA$1.56
198 Aspenglow Blvd198 Aspenglow Blvd2BR,1BA$1.91
Skyline ApartmentsA11BR,1BA$3.34
Red CliffA1 Loft1BR,1BA$3.01
Apex StudiosFurnishedStudio ,1BA$4.86
River RoostStudio A1 - FurnishedStudio ,1BA$5.06

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Cheap Farmington Apartments

What is the Cheapest Studio apartment in Farmington?

Currently the most affordable Cheap Studio Apartment in Farmington is at Apex Studios listed at $1,150.

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

The lowest price for a Cheap One Bedroom Farmington Apartment is $1,250 at Apex Studios.

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

Today's best deal for a Cheap Two Bedroom Apartment in Farmington is starting from $2,182 at Gauge.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.