Cheap Apartments for Rent in Pep, NM from $300 (35 Rentals)

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

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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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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1021 N Mlk Blvd
Studio to 2 Bedroom Apartments

1021 N Mlk Blvd

1021 N Mlk BlvdClovis, NM 88101
  • Utilities Included
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1517 Cameo St
1 Bedroom Apartments

1517 Cameo St

1517 Cameo StClovis, NM 88101
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Roselawn Manor
1 to 3 Bedroom Apartments

Roselawn Manor

800 S Roselawn AveArtesia, NM 88210
Senior Living
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804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

804 Stanton PlClovis, NM 88101
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221 Gayland Dr
1 Bedroom Apartments

221 Gayland Dr

221 Gayland DrClovis, NM 88101

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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Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
  • Utilities Included
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1021 Gidding St
2 Bedroom Apartments

1021 Gidding St

1021 Gidding StClovis, NM 88101

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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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
Corporate Housing
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Showing Results 1-35, Page 1 of 1

Pep, NM Local Guide

Cheapest Available Pep Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pep, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Pep apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hotel Clovis Lofts1 Bedroom1BR,1BA$463
Andalusia Aprtments1 Bedroom1BR,1BA$463
1517 Cameo St1517 Cameo1BR,1BA$475
1216 Dartmouth1220 Dartmouth1BR,1BA$525
Brownfield Heights Apartments1 bedroom1BR,1BA$550
Wilshire Gardens 55+2 BR2BR,1BA$676
Mirador Apartments1 BEDROOM1BR,1BA$700
Sierra Vista Village2B/1B SS2BR,1BA$700
LoLomas Apartments 55+2 BR2BR,1BA$728
Saddlecreek ApartmentsCottonwood1BR,1BA$730

Best Value Apartments for Rent in Pep, NM and Nearby

As of June 06, 2026 the best value apartment in the Pep area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Pep apartment is the 3 Bedrooms Model at Hotel Clovis Lofts starting at $1,035 with a $1.04 price per square foot . Here is today’s list of the best values for Pep apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mesquite Village ApartmentsModel C4BR,2BA$0.93
Hotel Clovis Lofts3 Bedrooms3BR,2BA$1.04
Central Place2x22BR,2BA$1.04
Gidding Apartments3321 Gidding2BR,1BA$1.11
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
1216 Dartmouth1220 Dartmouth1BR,1BA$0.66
Mirador Apartments1 BEDROOM1BR,1BA$1.09
Brownfield Heights Apartments1 bedroom1BR,1BA$0.92
1517 Cameo St1517 Cameo1BR,1BA$1.06

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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Pep, NM Rentals by Map

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See the most popular apartments and homes in Pep, NM

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Frequently Asked Questions about Cheap Pep Apartments

How much is rent for a Cheap One Bedroom Pep Apartment?

The lowest price for a Cheap One Bedroom Pep Apartment is $463 at Hotel Clovis Lofts.

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

Today's best deal for a Cheap Two Bedroom Apartment in Pep is starting from $563 at Hotel Clovis Lofts.

What is the most affordable Pep Three Bedroom Apartment?

The best deal on a cheap Pep Three Bedroom Apartment rental is at Andalusia Aprtments and starts from $653.

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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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.

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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.

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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.