Cheap Apartments for Rent near Luna, NM from $500 (52 Rentals)

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

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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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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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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116 E Second St
1 Bedroom Apartments

116 E Second St

116 E Second StWinslow, AZ 86047

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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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
property at 1623 Meadow St

$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

1623 Meadow St

Lake of the WoodsAZ85929

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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Showing Results 1-50, Page 1 of 2

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 Sedona Springs in the El G.H.E.K.O. neighborhood priced from $599. Riverstone in the El G.H.E.K.O. neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $651. Here is today’s list of the most affordable Luna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sedona SpringsStudioStudio,1BA$599
Riverstone1A | One Bedroom1BR,1BA$651
Canyon OaksModel A1BR,1BA$668
Sycamore Creek ApartmentsN | StudioStudio,1BA$713
The Edison ApartmentsOne Bedroom1BR,1BA$725
The Vintage Apartments4181BR,1BA$750
Tanque Verde ApartmentsA1: 1 Bed 1 Bath1BR,1BA$773
Ten50 ApartmentsOne Bedroom One Bath1BR,1BA$790
Pavilions at Pantano Apartments2B (803 to 819 sf)2BR,1BA$803
Brittany CourtOne Bedroom1BR,1BA$805

Best Value Apartments for Rent in Luna, NM and Nearby

As of July 10, 2026 the best value apartment in the Luna area is the $1.23 price per square foot 3 Bedroom/2 Bath Model at Trailcrest Apartments in the in the El G.H.E.K.O. neighborhood starting from $1,565. The second greatest value Luna apartment is the 3x2 Model at Coronado Villas Apartments starting at $1,570 with a $1.38 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.
Trailcrest Apartments3 Bedroom/2 Bath3BR,2BA$1.23
Coronado Villas Apartments3x23BR,2BA$1.38
Harrison ParkRedwood3BR,2BA$1.35
Ridgepointe ApartmentsB2 | Two Bedroom2BR,2BA$1.33
The Place at Wilmot North2x2 B32BR,2BA$1.06
El Dorado Place2A | Two Bedroom2BR,2BA$1.37
Timberstone ApartmentsTwo Bedroom/2 Bath2BR,2BA$0.96
Pavilions at Pantano Apartments2B (863 sf)2BR,2BA$1.01
Brittany CourtOne Bedroom1BR,1BA$1.24
Vallas Las JacarandasJunior - One Bedroom One Bath1BR,1BA$1.33

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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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 Sedona Springs listed at $599.

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

The lowest price for a Cheap One Bedroom Luna Apartment is $638 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 $803 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.