Cheap Apartments for Rent near Pena Blanca, NM from $700 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pena Blanca.

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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Entrada Pointe
$1,197 - $1,567
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$1,197 - $1,567
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Studio to 2 Bedroom Apartments Available Now

Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
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Local 1896
$1,364 - $2,050
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$1,364 - $2,050
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1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
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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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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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Turquesa
Rent Specials
$1,594 - $2,718
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$1,594 - $2,718
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1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
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South Meadows
Rent Specials
$1,596 - $2,746
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$1,596 - $2,746
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1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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Solwyn
Rent Specials
$1,644 - $2,709
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$1,644 - $2,709
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1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
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The Mica
$1,722 - $2,120
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$1,722 - $2,120
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1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
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Madera Apartments
Rent Specials
$1,725 - $2,757
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$1,725 - $2,757
Total Monthly Price
$1,725 - $2,757
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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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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Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
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Vista Linda
1 to 4 Bedroom Apartments

Vista Linda

6332 Entrada de MilagroSanta Fe, NM 87507
Senior Living

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-45, Page 1 of 1

Pena Blanca, NM Local Guide

Cheapest Available Pena Blanca Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pena Blanca, NM is a 2 Beds unit found at Cresta Ranch Apartments in the Tiempo Lindo neighborhood priced from $738. Myrtle Apartments - All Utilities Included has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Pena Blanca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cresta Ranch ApartmentsTwo Bedroom - 30% AMI2BR,2BA$738
Myrtle Apartments - All Utilities IncludedStudioStudio,1BA$900
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1,096
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Blue Agave VillasThe RoadrunnerStudio,1BA$1,145
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,183
Entrada PointeOne Bedroom One Bathroom1BR,1BA$1,284
Elevate at OsloStudio - 325Studio,1BA$1,295
Sandoval Flats2AA (Wheelchair Accessible)2BR,2BA$1,298

Best Value Apartments for Rent in Pena Blanca, NM and Nearby

As of July 09, 2026 the best value apartment in the Pena Blanca area is the $2.06 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,746. The second greatest value Pena Blanca apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,449 with a $1.86 price per square foot in the Tiempo Lindo neighborhood. Here is today’s list of the best values for Pena Blanca apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
South MeadowsSan Juan3BR,2BA$2.06
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.86
Via Vista Apartment CommunityJade3BR,2BA$1.74
Local 18962x2ArT1 - 2X2 Renovated2BR,2BA$1.48
Sandoval Flats2AA (Wheelchair Accessible)2BR,2BA$1.30
Cresta Ranch ApartmentsTwo Bedroom - 80% AMI2BR,2BA$2.08
Coronado Townhomes2x22BR,2BA$1.98
Evergreen Apartments1x1-B1BR,1BA$2.03
Meadowlark Apartments1x11BR,1BA$2.07
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.89

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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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 Pena Blanca, NM Rentals by Map

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See the most popular apartments and homes in Pena Blanca, NM

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Frequently Asked Questions about Cheap Pena Blanca Apartments

What is the Cheapest Studio apartment in Pena Blanca?

Currently the most affordable Cheap Studio Apartment in Pena Blanca is at Myrtle Apartments - All Utilities Included listed at $900.

How much is rent for a Cheap One Bedroom Pena Blanca Apartment?

The lowest price for a Cheap One Bedroom Pena Blanca Apartment is $1,096 at Casa de Encantada Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Pena Blanca Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pena Blanca is starting from $738 at Cresta Ranch Apartments.

What is the most affordable Pena Blanca Three Bedroom Apartment?

The best deal on a cheap Pena Blanca Three Bedroom Apartment rental is at Cresta Ranch Apartments and starts from $853.

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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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.

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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.

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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.