Cheap Apartments for Rent near Monument, NM from $300 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

300 E White StHobbs, NM 88240
  • Utilities Included
close
View Me
Park Place
1 to 3 Bedroom Apartments

Park Place

920 E Michigan AveHobbs, NM 88240
  • Utilities Included
close
View Me
High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762

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.

Read Article
close
View Me
Skyview Terrace
1 to 3 Bedroom Apartments

Skyview Terrace

3600 N Skyview StHobbs, NM 88240
  • Utilities Included

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.

Read Article
Showing Results 1-40, Page 1 of 1

Monument, NM Local Guide

Cheapest Available Monument Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monument, NM is a 1 Bed unit found at La Pradera priced from $519. Playa Escondida has the second lowest priced unit, which is a 3 Beds apartment currently listed from $709. Here is today’s list of the most affordable Monument apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Pradera1 Bedroom1BR,1BA$519
Playa Escondida3 Bedrooms3BR,2BA$709
Westwood SquareA11BR,1BA$800
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
SunsetA11BR,1BA$928
WoodviewA11BR,1BA$989
Yucca Flats ApartmentsOne Bedroom1BR,1BA$999
BrookviewA11BR,1BA$1,002
High PlainsA11BR,1BA$1,005
Cimarron Place ApartmentsB1BR,1BA$1,120

Best Value Apartments for Rent in Monument, NM and Nearby

As of July 28, 2026 the best value apartment in the Monument area is the $1.22 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,345. The second greatest value Monument apartment is the 2 Bedrooms Model at Playa Escondida starting at $1,338 with a $1.43 price per square foot . Here is today’s list of the best values for Monument apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.22
Playa Escondida2 Bedrooms2BR,1BA$1.43
Lovington TrailsOne Bedroom1BR,1BA$1.30
La Pradera2 Bedrooms2BR,1BA$0.68
Tia MariaTwo Bedroom2BR,1BA$1.39
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.52
RiverwoodA11BR,1BA$1.58
Westwood SquareA11BR,1BA$1.10
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
BrookviewA11BR,1BA$1.54

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monument, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Monument, NM

View Map
Monument, NM Apartments Map
View Map
Monument, NM Rental Homes Map

Frequently Asked Questions about Cheap Monument Apartments

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

The lowest price for a Cheap One Bedroom Monument Apartment is $519 at La Pradera.

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

Today's best deal for a Cheap Two Bedroom Apartment in Monument is starting from $622 at La Pradera.

What is the most affordable Monument Three Bedroom Apartment?

The best deal on a cheap Monument Three Bedroom Apartment rental is at La Pradera and starts from $706.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.