Cheap Homes for Rent in Pena Blanca, NM from $1,400 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Showing Results 1-9, 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 1 Bed unit found at Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Sierra Blanca Senior Living in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Pena Blanca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Entrada PointeStudioStudio,1BA$1,110

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

As of August 04, 2025 the best value apartment in the Pena Blanca area is the $1.44 price per square foot 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,375. The second greatest value Pena Blanca apartment is the 3x2 Model at Coronado Townhomes starting at $1,795 with a $1.35 price per square foot in the Encantado del Norte Heritage Series 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.
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.44
Coronado Townhomes3x23BR,2BA$1.35
The MicaThe Sagebrush2BR,2BA$1.82
Via Vista Apartment CommunityAmber Reno2BR,2BA$1.70
Enchanted HillsEnchanted2BR,2BA$1.66
Vista Linda2 Bedroom | 1 Bath2BR,1BA$1.95
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR,2BA$2.03
Blue Agave VillasThe Chaco2BR,2BA$1.96
Meadowlark Apartments1x11BR,1BA$2.07
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Pena Blanca

What type of rentals are currently available in Pena Blanca?

There are currently 40 Apartments for Rent in Pena Blanca, NM with pricing that ranges from $930 to $5,005. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pena Blanca ranging from $1,400 to $5,400.

What is the current price range for Rental Homes in Pena Blanca?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pena Blanca ranges from $1,400 to $5,400 with an average monthly rent of $2,971.

How much are larger Three and Four Bedroom Rentals in Pena Blanca?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pena Blanca range from $1,228 to $4,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,343.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.