
Cheap Homes for Rent in Farmington, NM from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Farmington.


822 Vine Ave

1008 Zuni Dr

4760 W U.S. Hwy 160

136 E 6th Ave
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.

312 N Rio Grande Ave

2530 Bloomfield Hwy

57 Canyon Cir

5210 Hickory Ave

118 Homestead Dr
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.

177 E 7th Ave

304 S Harrison St

315 N Locke Ave

2001 Mesa Verde Ave

1621 E 21st St
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.

1135 Florida Rd

1851 Florida Rd
Farmington, NM Local Guide

How much does it cost to rent a home in Farmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Farmington 2 Bedroom Homes for Rent | $1,811 | $800 | $4,500 |
| Farmington 3 Bedroom Homes for Rent | $2,648 | $1,500 | $7,000 |
| Farmington 4 Bedroom Homes for Rent | $2,825 | $1,900 | $4,000 |
Browse Top Homes for Rent in Farmington
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Farmington, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Apex Studios | Unfurnished | Studio,1BA | $1,150 |
| River Roost | Studio A1 - Unfurnished | Studio,1BA | $1,175 |
| Red Cliff | A1 Loft | 1BR,1BA | $1,353 |
| Skyline Apartments | E1 | Studio,1BA | $1,778 |
| Affinity at Three Springs | Nova – Type 2/2A | 1BR,1BA | $1,791 |
Best Value Apartments for Rent in Farmington, NM
As of May 23, 2026 the best value apartment in the Farmington area is the $2.42 price per square foot 1100 Goeglein Gulch #149 Model at 1100 Goeglein Gulch #149, Unit Silver Peaks #149 in the in the Hawks Nest neighborhood starting from $2,550. The second greatest value Farmington apartment is the Intuition – Type 6/6A Model at Affinity at Three Springs starting at $2,328 with a $2.29 price per square foot . Here is today’s list of the best values for Farmington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1100 Goeglein Gulch #149, Unit Silver Peaks #149 | 1100 Goeglein Gulch #149 | 3BR,2BA | $2.42 |
| Affinity at Three Springs | Intuition – Type 6/6A | 2BR,2BA | $2.29 |
| Gauge | B1 | 2BR,2BA | $2.17 |
| 530 Rio Pecos Rd, Unit 4 | 530 Rio Pecos Rd | 2BR,1BA | $1.56 |
| 198 Aspenglow Blvd | 198 Aspenglow Blvd | 2BR,1BA | $1.91 |
| Skyline Apartments | A1 | 1BR,1BA | $3.34 |
| Red Cliff | A1 Loft | 1BR,1BA | $3.01 |
| Apex Studios | Furnished | Studio ,1BA | $4.86 |
| River Roost | Studio A1 - Furnished | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick 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 Farmington, NM
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Farmington
What type of rentals are currently available in Farmington?
There are currently 53 Apartments for Rent in Farmington, NM with pricing that ranges from $685 to $7,118. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Farmington ranging from $800 to $7,000.
What is the current price range for Rental Homes in Farmington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Farmington ranges from $800 to $7,000 with an average monthly rent of $1,993.
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

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.

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.

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.

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.