Cheap Apartments for Rent in Luna, NM from $500 (54 Rentals)

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Peaks at Redington
1 to 2 Bedroom Apartments

Peaks at Redington

7700 E Speedway BlvdTucson, AZ 85710
Corporate Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Marquee on 5th
1 to 2 Bedroom Apartments

Marquee on 5th

6110 E 5th StTucson, AZ 85711
property at 2327 Rainbow Ln

$1,800

2 Bedroom, 2 Bath Condo for Rent

Available Now

2327 Rainbow Ln

PinetopAZ85935

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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Luna, NM Local Guide

Cheapest Available Luna Apartments for Rent and Nearby

 

The cheapest available apartment rental in Luna, NM is a Studio unit found at La Hacienda Apartment Homes in the El G.H.E.K.O. neighborhood priced from $557. Sedona Springs in the El G.H.E.K.O. neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $599. Here is today’s list of the most affordable Luna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Hacienda Apartment HomesStudioStudio,1BA$557
Sedona SpringsStudioStudio,1BA$599
Sycamore Creek ApartmentsN | StudioStudio,1BA$683
BELLA FLORA1 STUStudio,1BA$719
Pavilions at Pantano Apartments1B Jr1BR,1BA$720
Riverstone1A | One Bedroom1BR,1BA$724
Peaks at RedingtonJunior - One Bedroom One Bath1BR,1BA$725
The Edison ApartmentsOne Bedroom1BR,1BA$725
The Place at Wilmot North1x1 A21BR,1BA$743
Canyon OaksModel C1BR,1BA$745

Best Value Apartments for Rent in Luna, NM and Nearby

As of April 07, 2026 the best value apartment in the Luna area is the $1.14 price per square foot 3 Bedroom/2 Bath Model at Vertical East Apartments in the in the El G.H.E.K.O. neighborhood starting from $1,449. The second greatest value Luna apartment is the 2X2b Model at Coronado Villas Apartments starting at $1,395 with a $1.40 price per square foot in the Bear Canyon neighborhood. Here is today’s list of the best values for Luna apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vertical East Apartments3 Bedroom/2 Bath3BR,2BA$1.14
Coronado Villas Apartments2X2b2BR,2BA$1.40
Estancia1B | One Bedroom1BR,1BA$1.39
Ridgepointe ApartmentsA1 | One Bedroom1BR,1BA$1.26
El Dorado Place1A | One Bedroom1BR,1BA$1.44
Peaks at RedingtonDeluxe - One Bedroom One Bath1BR,1BA$1.23
SomerpointeThe Amber1BR,1BA$1.23
Brittany CourtOne Bedroom1BR,1BA$1.39
The Place at Wilmot North1x1 A21BR,1BA$1.29
Pavilions at Pantano Apartments1B Jr1BR,1BA$1.37

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.

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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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The 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.

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Cash 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.

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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!

Explore Luna, NM Rentals by Map

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See the most popular apartments and homes in Luna, NM

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Frequently Asked Questions about Cheap Luna Apartments

What is the Cheapest Studio apartment in Luna?

Currently the most affordable Cheap Studio Apartment in Luna is at La Hacienda Apartment Homes listed at $557.

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

The lowest price for a Cheap One Bedroom Luna Apartment is $611 at La Hacienda Apartment Homes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Luna is starting from $847 at Pavilions at Pantano Apartments.

What is the most affordable Luna Three Bedroom Apartment?

The best deal on a cheap Luna Three Bedroom Apartment rental is at Vertical East Apartments and starts from $1,449.

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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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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.