Cheap Apartments for Rent in Floyd, NM from $400 (29 Rentals)

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

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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804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

804 Stanton PlClovis, 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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221 Gayland Dr
1 Bedroom Apartments

221 Gayland Dr

221 Gayland DrClovis, NM 88101
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1021 Gidding St
2 Bedroom Apartments

1021 Gidding St

1021 Gidding StClovis, NM 88101

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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Townsgate Apartments
2 Bedroom Apartments

Townsgate Apartments

125-137 Townsgate PlzClovis, NM 88101
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300-304 Townsgate Plz
2 Bedroom Apartments

300-304 Townsgate Plz

300 Townsgate PlzClovis, NM 88101
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2100 Fred Daugherty Ave
Studio to 2 Bedroom Apartments

2100 Fred Daugherty Ave

2100 Fred Daugherty AveClovis, NM 88101
  • 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.

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Showing Results 1-29, Page 1 of 1

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
LoLomas Apartments 55+2 BR2BR,1BA$728
Gidding Apartments3325 Gidding2BR,1BA$1,000
Mesquite Village ApartmentsModel C4BR,2BA$1,150

Best Value Apartments for Rent in Floyd, NM and Nearby

As of May 08, 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 3325 Gidding Model at Gidding Apartments starting at $1,000 with a $1.11 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
Gidding Apartments3325 Gidding2BR,1BA$1.11
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
LoLomas Apartments 55+1 BR1BR,1BA$1.15
806 W Plaza Dr, Unit #B806 W Plaza Dr1BR,1BA$1.15
Hotel Clovis Lofts1 Bedroom1BR,1BA$0.73
108 Wallace St108 Wallace St1BR,1BA$1.43
818 E 7th St, Unit 818818 E 7th St1BR,1BA$1.72

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

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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!

Explore Floyd, NM Rentals by Map

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See the most popular apartments and homes in Floyd, NM

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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.

What is the most affordable Floyd Three Bedroom Apartment?

The best deal on a cheap Floyd Three Bedroom Apartment rental is at Hotel Clovis Lofts and starts from $635.

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.

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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.

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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.

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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.