
Cheap Apartments for Rent in Otero County, NM from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Otero County.


1312 New York

101 Osha Trl

1707 Hawaii Ave

Silver Springs RV Campground & Trout Pond

1003-1005 Central Ave
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.

240 Mountain Meadow Rd

1300-1304 Lovers Ln

400 Columbine Blvd

Juniper Apartments

Las Ventanas

Las Rosas Apartments
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.

The Pines Apartments

Monte Vista Townhome Apartments

Sacramento Apartments

Villa de Tularosa Senior

Centennial Village

Hunter's Ridge Apartments
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.
Otero County, NM Local Guide

How much does it cost to rent an apartment in Otero County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otero County 1 Bedroom Apartments | $581 | $411 | $723 |
| Otero County 2 Bedroom Apartments | $737 | $486 | $1,075 |
| Otero County 3 Bedroom Apartments | $963 | $621 | $1,305 |
Browse Apartments in Otero County
See all Apartments in OteroExplore Otero County
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $544 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $554 |
| Las Ventanas | B2 | 2BR,2BA | $1,559 |
Best Value Apartments for Rent in Otero County, NM
As of May 03, 2026 the best value apartment in the Otero County area is the $1.79 price per square foot B1 Model at Las Ventanas in the starting from $1,569. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Las Ventanas | B1 | 2BR,1BA | $1.79 |
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $0.73 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $1.01 |
Frequently Asked Questions about Cheap Otero County Apartments
What is the price of a cheap apartment in Otero County?
The cheapest apartment in Otero County is Azotea Apartments 62+ which is listed at $544, while the average apartment in Otero County costs $963.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.