Cheap Apartments for Rent in Farmington, NM from $875 (41 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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La Terraza
2 to 3 Bedroom Apartments

La Terraza

900 Cannery CtFarmington, NM 87401

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 196 Canyon Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

196 Canyon Dr

DurangoCO81301
property at 524 E 4th 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 Sep 4

524 E 4th Ave

DurangoCO81301

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.

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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150 Snow Cap Ln, Unit Apartment
$1,700
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700
1 Bedroom Apartment Available Nov 1

150 Snow Cap Ln, Unit Apartment

150 Snow Cap LnDurango, CO 81303
Furnished
  • Smoke Free
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Pagosa Spring Apartments
Studio to 3 Bedroom Apartments

Pagosa Spring Apartments

519 Village DrPagosa Springs, CO 81147
  • Utilities Included
property at 4760 W U.S. Hwy 160

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

Studio, 1 Bath Condo for Rent

Available Now

4760 W U.S. Hwy 160

Pagosa SpringsCO81147
property at 680 E College Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Sep 11

680 E College Dr

DurangoCO81301
property at 269 E 4th Ave

$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 Aug 31

269 E 4th Ave

DurangoCO81301

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.

Farmington, NM Local Guide

Cheapest Available Farmington Apartments for Rent

 

The cheapest available apartment rental in Farmington, NM is a 1 Bed unit found at Apex Studios priced from $1,250. Red Cliff Apartments in the Rockridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,344. Here is today’s list of the most affordable Farmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apex Studios1 bed 1bath1BR,1BA$1,250
Red Cliff ApartmentsA11BR,1BA$1,344
Cannery Apartments Farmington NMOne Bedroom1BR,1BA$1,400
Riverbridge Apartments2BR/1.0BA2BR,1BA$1,795
Skyline ApartmentsA11BR,1BA$2,063
Affinity at Three SpringsNova1BR,1BA$2,143

Best Value Apartments for Rent in Farmington, NM

As of August 25, 2026 the best value apartment in the Farmington area is the $1.31 price per square foot 198 Aspenglow Blvd Model at 198 Aspenglow Blvd, Unit 4 in the starting from $1,575. The second greatest value Farmington apartment is the Intuition Model at Affinity at Three Springs starting at $2,793 with a $2.75 price per square foot . 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.
198 Aspenglow Blvd, Unit 4198 Aspenglow Blvd3BR,1BA$1.31
Affinity at Three SpringsIntuition2BR,2BA$2.75
610 S Cedar St, Unit #2610 S Cedar St2BR,1.5BA$1.44
Riverbridge Apartments2BR/1.0BA2BR,1BA$2.33
Cannery Apartments Farmington NMOne Bedroom1BR,1BA$1.85
Skyline ApartmentsA11BR,1BA$3.44
Apex Studios1 bed 1bath1BR,1BA$2.50
Red Cliff ApartmentsA1 Loft1BR,1BA$3.01

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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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

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 $1,600 at Cannery Apartments Farmington NM.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.