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

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

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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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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Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

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

Park Place

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

High Plains

3727 Andrews HwyOdessa, TX 79762

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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Skyview Terrace
1 to 3 Bedroom Apartments

Skyview Terrace

3600 N Skyview StHobbs, NM 88240
  • Utilities Included
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New Leaf
1 to 3 Bedroom Apartments

New Leaf

1601 E Marland StHobbs, NM 88240
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. Brownfield Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Monument apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Pradera1 Bedroom1BR,1BA$519
Brownfield Heights Apartments1 bedroom1BR,1BA$550
Playa Escondida3 Bedrooms3BR,2BA$709
Westwood SquareOne Bedroom Apartment Home1BR,1BA$799
Brady Station ApartmentsThe Barcroft1BR,1BA$859
The Ranch at AndrewsEfficiency West RemodeledStudio,1BA$865
Sunset1 Bedroom Apartment Home1BR,1BA$870
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
Avenue CommonsOne Bedroom1BR,1BA$881
High PlainsA11BR,1BA$899

Best Value Apartments for Rent in Monument, NM and Nearby

As of April 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
La Pradera2 Bedrooms2BR,1BA$0.68
Tia MariaTwo Bedroom2BR,1BA$1.39
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.52
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.10
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
Avenue CommonsOne Bedroom1BR,1BA$1.32
Brownfield Heights Apartments1 bedroom1BR,1BA$0.92
Brady Station ApartmentsThe Barcroft1BR,1BA$1.52

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Monument, NM Rentals by Map

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See the most popular apartments and homes in Monument, NM

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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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.