
Cheap Homes for Rent near Luna, NM from $950 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Luna.


2060 S Nelson Dr

237 E White Mountain Blvd
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561 N 10th Pl

480 E U.S. Hwy 70

1412 Amanda Dr
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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.

853 Airport Loop Rd
Luna, NM Local Guide

How much does it cost to rent a home in Luna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Luna 2 Bedroom Homes for Rent | $1,916 | $950 | $2,500 |
| Luna 3 Bedroom Homes for Rent | $2,402 | $1,595 | $3,000 |
| Luna 4 Bedroom Homes for Rent | $6,975 | $3,950 | $10,000+ |
| Luna 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Luna
Explore Luna
Luna, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverstone | 1A | One Bedroom | 1BR,1BA | $606 |
| Canyon Oaks | Model A | 1BR,1BA | $664 |
| Toscana Cove Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $685 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coronado Villas Apartments | 3x2 | 3BR,2BA | $1.38 |
| Timberstone Apartments | Two Bedroom/2 Bath | 2BR,2BA | $0.96 |
| Palisade Flats | Two bedroom one bathroom | 2BR,1BA | $1.31 |
| Sedona Springs | 2 Beds 2 Baths | 2BR,2BA | $1.38 |
| Pavilions at Pantano Apartments | 2B (863 sf) | 2BR,2BA | $1.11 |
| Somerpointe | The Amber | 1BR,1BA | $1.31 |
| The Place at Wilmot North | 1x1 A7 | 1BR,1BA | $1.27 |
| The Vintage Apartments | 620 | 1BR,1BA | $1.37 |
| Villas Las Jacarandas | Junior - One Bedroom One Bath | 1BR,1BA | $1.38 |
| Bella Flora | One bedroom one bathroom | 1BR,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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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
See the most popular apartments and homes in Luna, NM
Frequently Asked Questions about Luna
What type of rentals are currently available in Luna?
There are currently 45 Apartments for Rent in Luna, NM with pricing that ranges from $613 to $2,378. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Luna ranging from $950 to $10,000.
What is the current price range for Rental Homes in Luna?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Luna ranges from $950 to $10,000 with an average monthly rent of $2,374.
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

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.

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.

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.

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.