Cheap Apartments for Rent in Otero County, NM from $400 (18 Rentals)

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

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Centennial Village
1 Bedroom Apartments

Centennial Village

2118 N Florida AveAlamogordo, NM 88310
Furnished
  • Utilities Included
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1312 New York
1 Bedroom Apartments

1312 New York

1312 New YorkAlamogordo, NM 88310
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101 Osha Trl
1 to 2 Bedroom Apartments

101 Osha Trl

101 Osha TrlCloudcroft, NM 88317
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1707 Hawaii Ave
1 to 2 Bedroom Apartments

1707 Hawaii Ave

1707 Hawaii AveAlamogordo, NM 88310

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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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Juniper Apartments
1 to 2 Bedroom Apartments

Juniper Apartments

1904 Juniper DrAlamogordo, NM 88310
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Las Ventanas
1 to 3 Bedroom Apartments

Las Ventanas

2200 E First StAlamogordo, NM 88310

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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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The Pines Apartments
Studio to 2 Bedroom Apartments

The Pines Apartments

2100 Stardust CtAlamogordo, NM 88310
  • Utilities Included
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Sacramento Apartments
1 to 3 Bedroom Apartments

Sacramento Apartments

96 Glorietta AveCloudcroft, NM 88317
  • Utilities Included
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Villa de Tularosa Senior
Studio to 1 Bedroom Apartments

Villa de Tularosa Senior

1205 Monte Vista AveTularosa, NM 88352
Senior Living
  • 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.

Cheapest Available Otero County Apartments for Rent

 

The cheapest available apartment rental in Otero County, NM is a 1 Bed unit found at Azotea Apartments 62+ priced from $544. Cottonwood Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $554. Here is today’s list of the most affordable Otero County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Azotea Apartments 62+1 Bedroom1BR,1BA$544
Cottonwood Commons1 Bedroom1BR,1BA$554
Las VentanasB12BR,1BA$1,544

Best Value Apartments for Rent in Otero County, NM

As of June 17, 2026 the best value apartment in the Otero County area is the $1.76 price per square foot B1 Model at Las Ventanas in the starting from $1,544. The second greatest value Otero County apartment is the 1 Bedroom Model at Azotea Apartments 62+ starting at $544 with a $0.73 price per square foot . Here is today’s list of the best values for Otero County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Las VentanasB12BR,1BA$1.76
Azotea Apartments 62+1 Bedroom1BR,1BA$0.73
Cottonwood Commons1 Bedroom1BR,1BA$1.01

Frequently Asked Questions about Cheap Otero County Apartments

How much is rent for a Cheap One Bedroom Otero County Apartment?

The lowest price for a Cheap One Bedroom Otero County Apartment is $544 at Azotea Apartments 62+.

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 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.

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.