
Cheap Homes for Rent in Hope, NM from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Hope.


776 W 4th St

911.5 Bullock Ct

1002 W Deming St

424-A W 4th St

613 S Hemlock 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.

1111 W Bullock Ave

1516 W Hank Ave

1014 Plaza Del Sol

1501 S Pennsylvania Ave

56 Ridgecrest Dr

1025 Crescent 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.
Hope, NM Local Guide

How much does it cost to rent a home in Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hope 2 Bedroom Homes for Rent | $1,704 | $675 | $3,300 |
| Hope 3 Bedroom Homes for Rent | $2,035 | $975 | $4,750 |
| Hope 4 Bedroom Homes for Rent | $2,981 | $1,500 | $4,400 |
| Hope 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in Hope
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Hope, NM Local Guide
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Cheapest Available Hope Apartments for Rent and Nearby
 The cheapest available apartment rental in Hope, NM is a 1 Bed unit found at Azotea Apartments 62+ priced from $544. Cottonwood Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $554. Here is today’s list of the most affordable Hope apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $544 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $554 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $676 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
| Sierra Vista Village | 2B/1B SS | 2BR,1BA | $700 |
Best Value Apartments for Rent in Hope, NM and Nearby
As of April 25, 2026 the best value apartment in the Hope area is the $1.33 price per square foot 3 Bed, 2 Bath B Model at Villas of Briar Ridge in the starting from $1,590. The second greatest value Hope apartment is the 120 Badger Ct Model at 120 Badger Ct, Unit Badger starting at $1,200 with a $1.20 price per square foot . Here is today’s list of the best values for Hope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas of Briar Ridge | 3 Bed, 2 Bath B | 3BR,1.5BA | $1.33 |
| 120 Badger Ct, Unit Badger | 120 Badger Ct | 2BR,2BA | $1.20 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $0.77 |
| La Tierra 55+ | 2 Bedrooms | 2BR,1BA | $1.16 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $0.73 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $1.01 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $1.09 |
| Sierra Vista Village | 2B/1B | 1BR,1BA | $1.17 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $1.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hope, NM Rentals by Map
See the most popular apartments and homes in Hope, NM
Frequently Asked Questions about Hope
What type of rentals are currently available in Hope?
There are currently 37 Apartments for Rent in Hope, NM with pricing that ranges from $411 to $3,585. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hope ranging from $675 to $4,750.
What is the current price range for Rental Homes in Hope?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hope ranges from $675 to $4,750 with an average monthly rent of $2,409.
How much are larger Three and Four Bedroom Rentals in Hope?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Hope range from $621 to $3,176, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $4,750. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,506.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.