Cheap Homes for Rent in Floyd, NM from $500 (6 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-6, 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
1517 Cameo St1517 Cameo1BR,1BA$475

Best Value Apartments for Rent in Floyd, NM and Nearby

As of May 31, 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 3 Bedrooms Model at Hotel Clovis Lofts starting at $1,035 with a $1.04 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
Hotel Clovis Lofts3 Bedrooms3BR,2BA$1.04
Gidding Apartments3321 Gidding2BR,1BA$1.11
302 S Avenue I302 S Avenue I2BR,1BA$0.89
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
1216 Dartmouth1220 Dartmouth1BR,1BA$0.66
LoLomas Apartments 55+1 BR1BR,1BA$1.15
108 Wallace St108 Wallace St1BR,1BA$1.43
1517 Cameo St1517 Cameo1BR,1BA$1.06

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 Floyd

What type of rentals are currently available in Floyd?

There are currently 30 Apartments for Rent in Floyd, NM with pricing that ranges from $525 to $2,100. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Floyd ranging from $595 to $1,600.

What is the current price range for Rental Homes in Floyd?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Floyd ranges from $595 to $1,600 with an average monthly rent of $995.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.