
Cheap Homes for Rent in Otero County, NM from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Otero County.


1216 Cuba Ave, Unit D

3 Bedroom 2 Bath Home

802 Adams Ave, Unit 4

Conveniently located 3 Bedroom, 2 bath near HAFB
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.

Wonderful 3 Bedroom 2 Bath Home!

1409 Juniper Dr

Three Bedroom Home with Bonus Room

Beautiful Home W/Solar Panels

3 Bedroom 2 Bathroom
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.
Otero County, NM Local Guide

How much does it cost to rent a home in Otero County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otero County 2 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Otero County 3 Bedroom Homes for Rent | $1,655 | $1,300 | $2,250 |
| Otero County 4 Bedroom Homes for Rent | $2,360 | $2,000 | $3,000 |
| Otero County 5 Bedroom Homes for Rent | $3,900 | $2,800 | $5,000 |
Browse Homes for Rent in Otero County
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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 | A2 | 1BR,1BA | $1,374 |
Best Value Apartments for Rent in Otero County, NM
As of April 14, 2026 the best value apartment in the Otero County area is the $0.73 price per square foot 1 Bedroom Model at Azotea Apartments 62+ in the starting from $544. The second greatest value Otero County apartment is the 1 Bedroom Model at Cottonwood Commons starting at $723 with a $1.01 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. |
|---|---|---|---|
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $0.73 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $1.01 |
| Las Ventanas | A2 | 1BR,1BA | $1.94 |
Frequently Asked Questions about Otero County
What type of rentals are currently available in Otero County?
There are currently 36 Apartments for Rent in Otero County, NM with pricing that ranges from $411 to $1,350. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otero County ranging from $1,300 to $5,000.
What is the current price range for Rental Homes in Otero County?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Otero County ranges from $1,300 to $5,000 with an average monthly rent of $2,578.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.