Cheap Apartments for Rent in Floyd, NM from $400 (33 Rentals)

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

property at 216 S Avenue I

$700 - $800

1 To 2 Bedroom Rentals

Available Now

216 S Avenue I

PortalesNM88130

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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1021 N Mlk Blvd
Studio to 2 Bedroom Apartments

1021 N Mlk Blvd

1021 N Mlk BlvdClovis, NM 88101
  • Utilities Included
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1517 Cameo St
1 Bedroom Apartments

1517 Cameo St

1517 Cameo StClovis, NM 88101
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804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

804 Stanton PlClovis, NM 88101
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221 Gayland Dr
1 Bedroom Apartments

221 Gayland Dr

221 Gayland DrClovis, NM 88101

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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1216 Dartmouth
1 to 2 Bedroom Apartments

1216 Dartmouth

1216 DartmouthClovis, NM 88101
  • Utilities Included

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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1021 Gidding St
2 Bedroom Apartments

1021 Gidding St

1021 Gidding StClovis, NM 88101

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.

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Floyd, NM Local Guide

Cheapest Available Floyd Apartments for Rent and Nearby

 

The cheapest available apartment rental in Floyd, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Floyd apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hotel Clovis Lofts1 Bedroom1BR,1BA$463
Andalusia Aprtments1 Bedroom1BR,1BA$463
1216 Dartmouth1220 Dartmouth1BR,1BA$525
LoLomas Apartments 55+2 BR2BR,1BA$728
Gidding Apartments3401 Gidding2BR,1BA$1,000
2100 Fred Daugherty Ave2100 Fred Daugherty2BR,2BA$1,000
300-304 Townsgate Plz304 Townsgate2BR,1BA$1,000

Best Value Apartments for Rent in Floyd, NM and Nearby

As of June 22, 2026 the best value apartment in the Floyd area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Floyd apartment is the 2100 Fred Daugherty Model at 2100 Fred Daugherty Ave starting at $1,000 with a $0.91 price per square foot . Here is today’s list of the best values for Floyd apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mesquite Village ApartmentsModel C4BR,2BA$0.93
2100 Fred Daugherty Ave2100 Fred Daugherty2BR,2BA$0.91
Hotel Clovis Lofts3 Bedrooms3BR,2BA$1.04
901 S Boulder Ave, Unit 901 S Boulder #1901 S Boulder Ave2BR,2BA$0.92
Gidding Apartments3401 Gidding2BR,1BA$1.11
300-304 Townsgate Plz304 Townsgate2BR,1BA$1.11
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
1216 Dartmouth1220 Dartmouth1BR,1BA$0.66
LoLomas Apartments 55+1 BR1BR,1BA$1.15
806 W Plaza Dr, Unit #B806 W Plaza Dr1BR,1BA$1.15

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 Floyd Apartments

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

The lowest price for a Cheap One Bedroom Floyd Apartment is $463 at Hotel Clovis Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Floyd is starting from $563 at Hotel Clovis Lofts.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.