Cheap Apartments for Rent near Luna, NM from $613 (48 Rentals)

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

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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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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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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Sedona Springs
Studio to 2 Bedroom Apartments

Sedona Springs

373 N Wilmot RdTucson, AZ 85711
Corporate Housing

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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116 E Second St
1 Bedroom Apartments

116 E Second St

116 E Second StWinslow, AZ 86047
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Marquee on 5th
1 to 2 Bedroom Apartments

Marquee on 5th

6110 E 5th StTucson, AZ 85711
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Trailcrest Apartments
2 to 3 Bedroom Apartments

Trailcrest Apartments

2050 N Pantano RdTucson, AZ 85715
Corporate Housing

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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Madrean Vista
1 to 3 Bedroom Apartments

Madrean Vista

232 N Chalmers LnThatcher, AZ 85552
Showing Results 1-48, Page 1 of 1

Luna, NM Local Guide

Cheapest Available Luna Apartments for Rent and Nearby

 

The cheapest available apartment rental in Luna, NM is a 1 Bed unit found at Riverstone in the El G.H.E.K.O. neighborhood priced from $606. Canyon Oaks in the Broadway Pantano East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $664. Here is today’s list of the most affordable Luna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverstone1A | One Bedroom1BR,1BA$606
Canyon OaksModel A1BR,1BA$664
Toscana Cove Apartments1 Bedroom 1 Bathroom1BR,1BA$685
La Hacienda Apartment HomesOne Bedroom1BR,1BA$689
Sycamore Creek ApartmentsN | 1 Bedroom1BR,1BA$717
The Edison ApartmentsOne Bedroom1BR,1BA$725
Tanque Verde ApartmentsA1: 1 Bed 1 Bath1BR,1BA$788
Ten50 ApartmentsOne Bedroom One Bath1BR,1BA$790
Bella FloraOne bedroom one bathroom1BR,1BA$799
The Arboretum1C | One Bedroom1BR,1BA$804

Best Value Apartments for Rent in Luna, NM and Nearby

As of September 13, 2026 the best value apartment in the Luna area is the $1.38 price per square foot 3x2 Model at Coronado Villas Apartments in the in the Bear Canyon neighborhood starting from $1,570. The second greatest value Luna apartment is the Two Bedroom/2 Bath Model at Timberstone Apartments starting at $870 with a $0.96 price per square foot in the Torreon 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.
Coronado Villas Apartments3x23BR,2BA$1.38
Timberstone ApartmentsTwo Bedroom/2 Bath2BR,2BA$0.96
Palisade FlatsTwo bedroom one bathroom2BR,1BA$1.31
Sedona Springs2 Beds 2 Baths2BR,2BA$1.38
Pavilions at Pantano Apartments2B (863 sf)2BR,2BA$1.11
SomerpointeThe Amber1BR,1BA$1.31
The Place at Wilmot North1x1 A71BR,1BA$1.27
The Vintage Apartments6201BR,1BA$1.37
Villas Las JacarandasJunior - One Bedroom One Bath1BR,1BA$1.38
Bella FloraOne bedroom one bathroom1BR,1BA$1.31

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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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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Pet Friendly Lifestyle

Ranked #

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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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 Sycamore Creek Apartments listed at $756.

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

The lowest price for a Cheap One Bedroom Luna Apartment is $606 at Riverstone.

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 $858 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 Timberstone Apartments and starts from $998.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.