Cheap Apartments for Rent in Luna, NM from $500 (22 Rentals)

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

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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Somerpointe
1 to 2 Bedroom Apartments

Somerpointe

7351 E Speedway BlvdTucson, AZ 85710
Corporate Housing
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Estancia
1 to 3 Bedroom Apartments

Estancia

2500 N Desert Links DrTucson, AZ 85715

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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The Vintage Apartments
1 to 2 Bedroom Apartments

The Vintage Apartments

8225 E Speedway BlvdTucson, AZ 85710
Corporate Housing
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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 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 $634. 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$634
La Hacienda Apartment HomesStudioStudio,1BA$637
Sycamore Creek ApartmentsN | StudioStudio,1BA$677
Pavilions at Pantano Apartments1B1BR,1BA$681

Best Value Apartments for Rent in Luna, NM and Nearby

As of December 28, 2025 the best value apartment in the Luna area is the $1.26 price per square foot 3A | Three Bedroom Model at Estancia in the in the El G.H.E.K.O. neighborhood starting from $1,420. The second greatest value Luna apartment is the 2X2U-R Model at Palisade Flats- Stunning Renovations starting at $1,349 with a $1.28 price per square foot in the El G.H.E.K.O. 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.
Estancia3A | Three Bedroom3BR,2BA$1.26
Palisade Flats- Stunning Renovations2X2U-R2BR,2BA$1.28
Coronado Villas Apartments2X2b2BR,2BA$1.30
El Dorado Place2A | Two Bedroom2BR,2BA$1.31
SomerpointeThe Jade2BR,1BA$1.15
Marquee on 5th1 Bedroom1BR,1BA$1.45
Ridgepointe ApartmentsA1 | One Bedroom1BR,1BA$1.43
Brittany CourtOne Bedroom1BR,1BA$1.39
BELLA FLORA1X11BR,1BA$1.31
Pavilions at Pantano Apartments1B Jr1BR,1BA$1.30

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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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 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 $634 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 $799 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 Estancia and starts from $1,420.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!