
Cheap Homes for Rent near Ojo Caliente, NM from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Ojo Caliente.


726 W Manhattan Ave

49 A Spanish Peaks Rd

739 Montez Pl

142 Duran St
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.

941 Calle Mejia

1012 Marquez Pl

4 Calle Ciervo

442 Greg Ave

500 Rafael St
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.

25 Jackson Hole Rd, Unit 241
Ojo Caliente, NM Local Guide

How much does it cost to rent a home in Ojo Caliente?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ojo Caliente 2 Bedroom Homes for Rent | $2,588 | $1,650 | $3,700 |
| Ojo Caliente 3 Bedroom Homes for Rent | $3,953 | $1,250 | $8,500 |
| Ojo Caliente 4 Bedroom Homes for Rent | $4,966 | $2,900 | $7,000 |
| Ojo Caliente 5 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Ojo Caliente
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Ojo Caliente, NM Local Guide
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Cheapest Available Ojo Caliente Apartments for Rent and Nearby
 The cheapest available apartment rental in Ojo Caliente, NM is a 1 Bed unit found at Tierra Montosa priced from $353. Taos Haus +6 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $592. Here is today’s list of the most affordable Ojo Caliente apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Montosa | 1 Bedroom | 1BR,1BA | $353 |
| Taos Haus +6 | 2 Bedrooms | 2BR,1BA | $592 |
| Ochenta Apartments | 2 Bedrooms | 2BR,1BA | $739 |
| El Cerrito | 2 BR | 2BR,1BA | $749 |
| Myrtle Apartments - All Utilities Included | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Ojo Caliente, NM and Nearby
As of July 20, 2026 the best value apartment in the Ojo Caliente area is the $1.98 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,642. The second greatest value Ojo Caliente apartment is the 3 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,259 with a $1.80 price per square foot in the Tiempo Lindo neighborhood. Here is today’s list of the best values for Ojo Caliente apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Meadows | San Juan | 3BR,2BA | $1.98 |
| The Bluffs at Tierra Contenta | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.80 |
| El Cerrito | 2 BR | 2BR,1BA | $0.77 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.73 |
| Ochenta Apartments | 2 Bedrooms | 2BR,1BA | $0.97 |
| Taos Haus +6 | 2 Bedrooms | 2BR,1BA | $0.70 |
| Mesa Del Norte | 2x1 | 2BR,1BA | $1.99 |
| Cielo Luxury Living Apartments | One Bedroom | 1BR,1BA | $2.03 |
| Tierra Montosa | 1 Bedroom | 1BR,1BA | $0.49 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $2.03 |
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 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.
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Ojo Caliente, NM
Frequently Asked Questions about Ojo Caliente
What type of rentals are currently available in Ojo Caliente?
There are currently 40 Apartments for Rent in Ojo Caliente, NM with pricing that ranges from $491 to $4,319. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ojo Caliente ranging from $1,250 to $12,500.
What is the current price range for Rental Homes in Ojo Caliente?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ojo Caliente ranges from $1,250 to $12,500 with an average monthly rent of $4,579.
How much are larger Three and Four Bedroom Rentals in Ojo Caliente?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ojo Caliente range from $1,084 to $4,319, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,464.
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.

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.

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.

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.