Cheap Apartments for Rent in Monument, NM from $300 (38 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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Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

300 E White StHobbs, NM 88240
  • Utilities Included

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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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
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Skyview Terrace
1 to 3 Bedroom Apartments

Skyview Terrace

3600 N Skyview StHobbs, NM 88240
  • Utilities Included

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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Showing Results 1-38, 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
Sunset1 Bedroom Apartment Home1BR,1BA$799
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
Avenue CommonsOne Bedroom1BR,1BA$881
Brady Station ApartmentsThe Barcroft1BR,1BA$929
Woodview1 Bedroom Apartment Home1BR,1BA$975
High PlainsA11BR,1BA$975

Best Value Apartments for Rent in Monument, NM and Nearby

As of June 12, 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 Two Bedroom, Two Bath Model at Lovington Trails starting at $1,449 with a $1.45 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
Lovington TrailsTwo Bedroom, Two Bath2BR,2BA$1.45
The Ranch at AndrewsLake 2/2 un-remodeled2BR,1.5BA$1.19
Playa Escondida2 Bedrooms2BR,1BA$1.43
La Pradera2 Bedrooms2BR,1BA$0.68
Tia MariaTwo Bedroom2BR,1BA$1.39
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

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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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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.