
Cheap Homes for Rent in Laguna, NM from $1,600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Laguna.


556 Apache Loop SW

331 Cll Amarillo SW

1753 Villa Contesa

10015 Silverton Dr NW

950 Desert Senna Ave SW
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.

680 Purple Aster Ave SW

10024 Sacate Blanco Ave SW

408 Morning Dew St SW

8101 Oakdale Pl NW

1900 Cielo Oeste Pl NW

8123 Waterbury Pl NW
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.
Laguna, NM Local Guide

How much does it cost to rent a home in Laguna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laguna 2 Bedroom Homes for Rent | $2,025 | $1,900 | $2,150 |
| Laguna 3 Bedroom Homes for Rent | $2,088 | $1,695 | $2,400 |
| Laguna 4 Bedroom Homes for Rent | $2,491 | $2,295 | $2,700 |
| Laguna 5 Bedroom Homes for Rent | $4,195 | $4,195 | $4,195 |
Browse Top Homes for Rent in Laguna
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Laguna, NM Local Guide
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Cheapest Available Laguna Apartments for Rent and Nearby
 The cheapest available apartment rental in Laguna, NM is a Studio unit found at Millennium Flats in the Silver Lofts neighborhood priced from $790. Tierra Pointe in the Ironhorse at El Rancho Grande neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $829. Here is today’s list of the most affordable Laguna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Tierra Pointe | S1 | Studio,1BA | $829 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $949 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
Best Value Apartments for Rent in Laguna, NM and Nearby
As of April 21, 2026 the best value apartment in the Laguna area is the $1.49 price per square foot Cordoba 1L Model at Andalucia Villas in the in the Northwest Quadrant neighborhood starting from $2,155. The second greatest value Laguna apartment is the Jade Model at Via Verde starting at $2,160 with a $1.65 price per square foot in the Paradise Hills neighborhood. Here is today’s list of the best values for Laguna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Andalucia Villas | Cordoba 1L | 3BR,2BA | $1.49 |
| Via Verde | Jade | 2BR,2.5BA | $1.65 |
| Taylor Ridge Apartments | Three Bedroom | 3BR,2BA | $1.28 |
| Mesa Ridge Apartments | The Sandia | 2BR,2BA | $1.35 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.69 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.48 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.72 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
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 Laguna, NM Rentals by Map
See the most popular apartments and homes in Laguna, NM
Frequently Asked Questions about Laguna
What type of rentals are currently available in Laguna?
There are currently 45 Apartments for Rent in Laguna, NM with pricing that ranges from $730 to $4,300. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laguna ranging from $1,695 to $4,195.
What is the current price range for Rental Homes in Laguna?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Laguna ranges from $1,695 to $4,195 with an average monthly rent of $2,699.
How much are larger Three and Four Bedroom Rentals in Laguna?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Laguna range from $1,150 to $4,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,300.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.