Cheap Apartments for Rent in Lincoln County, NM from $500 (9 Rentals)

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

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1101 D Ave
1 Bedroom Apartments

1101 D Ave

1101 D AveCarrizozo, NM 88301
Senior Living
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434 Second St
1 to 2 Bedroom Apartments

434 Second St

434 Second StCapitan, NM 88316
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TeePee Cabins
Studio to 2 Bedroom Apartments

TeePee Cabins

100 Mecham DrRuidoso, NM 88345

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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618 Sudderth Dr
1 Bedroom Apartments

618 Sudderth Dr

618 Sudderth DrRuidoso, NM 88345
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115 S Evergreen Rd
1 to 2 Bedroom Apartments

115 S Evergreen Rd

115 S Evergreen RdRuidoso, NM 88345
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122 Vision Dr
1 Bedroom Apartments

122 Vision Dr

122 Vision DrRuidoso, NM 88345

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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Inspiration Heights
1 to 3 Bedroom Apartments

Inspiration Heights

301 Sierra LnRuidoso Downs, NM 88346
  • Utilities Included

Cheapest Available Lincoln County Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
La Tierra 55+1 Bedroom1BR,1BA$770
Woodlands Cabins1 Bed1BR,1BA$1,050

Best Value Apartments for Rent in Lincoln County, NM

As of April 21, 2026 the best value apartment in the Lincoln County area is the $1.20 price per square foot 120 Badger Ct Model at 120 Badger Ct, Unit Badger in the starting from $1,200. The second greatest value Lincoln County apartment is the 2 Bedrooms Model at La Tierra 55+ starting at $931 with a $1.16 price per square foot . Here is today’s list of the best values for Lincoln County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
120 Badger Ct, Unit Badger120 Badger Ct2BR,2BA$1.20
La Tierra 55+2 Bedrooms2BR,1BA$1.16
Woodlands Cabins1 Bed1BR,1BA$2.10

Frequently Asked Questions about Cheap Lincoln County Apartments

What types of apartments are the cheapest in Lincoln County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Lincoln County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.