Cheap Apartments for Rent near Hernandez, NM from $749 (53 Rentals)

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

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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Local 1896
$1,324 - $1,856

Total Monthly Price

Base Rent$1,324 - $1,856
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
Furnished
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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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Turquesa
Rent Specials
$1,566 - $2,746

Total Monthly Price

Base Rent$1,566 - $2,746
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
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South Meadows
Rent Specials
$1,616 - $2,622

Total Monthly Price

Base Rent$1,616 - $2,622
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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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.

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Solwyn
Rent Specials
$1,644 - $2,709

Total Monthly Price

Base Rent$1,644 - $2,709
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
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Arcadia
Rent Specials
$1,683 - $2,962

Total Monthly Price

Base Rent$1,683 - $2,962
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
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Madera Apartments
$1,725 - $2,509

Total Monthly Price

Base Rent$1,725 - $2,509
Total Monthly Price$1,725 - $2,509
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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The Mica
Rent Specials
$1,800 - $2,158

Total Monthly Price

Base Rent$1,800 - $2,158
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
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Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
Corporate Housing
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Vista Linda
1 to 4 Bedroom Apartments

Vista Linda

6332 Entrada de MilagroSanta Fe, NM 87507
Senior Living

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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Acequia Lofts
1 to 2 Bedroom Apartments

Acequia Lofts

2725 Agua Fria StSanta Fe, NM 87507

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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Hernandez, NM Local Guide

Cheapest Available Hernandez Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hernandez, NM is a 2 Beds unit found at El Cerrito priced from $749. Myrtle Apartments - All Utilities Included has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Hernandez apartments for rent:

Apartment ListingModel NameBed/BathPriced From
El Cerrito2 BR2BR, 1BA$749
Myrtle Apartments - All Utilities IncludedStudioStudio, 1BA$900
Casitas Del BellaEfficiency w/ stove topStudio, 1BA$925
Santa Fe SuitesStudioStudio, 1BA$950
Elevate at OsloStudio - 325Studio, 1BA$1,095
Casa de Encantada Senior ApartmentsOne Bedroom1BR, 1BA$1,096
Sierra Blanca Senior LivingStudioStudio, 1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio, 1BA$1,118
Talavera Apartment HomesSequoia1BR, 1BA$1,239
Dakota CanyonLa Casita1BR, 1BA$1,259

Best Value Apartments for Rent in Hernandez, NM and Nearby

As of September 19, 2026 the best value apartment in the Hernandez area is the $1.91 price per square foot Three Bedroom Model at Cielo Luxury Living Apartments in the Pueblos Del Sol neighborhood starting from $2,399. The second greatest value Hernandez apartment is the 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills in the Encantado del Norte Heritage Series neighborhood starting at $2,175 with a $1.78 price per square foot. Here is today’s list of the best values for Hernandez apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cielo Luxury Living ApartmentsThree Bedroom3BR, 2BA$1.91
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR, 2.5BA$1.78
Cresta RanchThree Bedroom - 60% AMI3BR, 2BA$1.37
Via Vista Apartment CommunityJade3BR, 2BA$1.73
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR, 2BA$1.57
El Cerrito2 BR2BR, 1BA$0.77
Enchanted HillsDiego2BR, 1BA$1.74
Mesa Del Norte2x12BR, 1BA$1.74
Evergreen Apartments1x1-B1BR, 1BA$1.91
Casa de Encantada Senior ApartmentsOne Bedroom1BR, 1BA$1.89

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

Explore Hernandez, NM Rentals by Map

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Frequently Asked Questions about Cheap Hernandez Apartments

What is the Cheapest Studio apartment in Hernandez?

Currently the most affordable Cheap Studio Apartment in Hernandez is at Myrtle Apartments - All Utilities Included listed at $900.

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

The lowest price for a Cheap One Bedroom Hernandez Apartment is $1,096 at Casa de Encantada Senior Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Hernandez is starting from $749 at El Cerrito.

What is the most affordable Hernandez Three Bedroom Apartment?

The best deal on a cheap Hernandez Three Bedroom Apartment rental is at Talavera Apartment Homes and starts from $1,619.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.