Cheap Apartments for Rent near Pep, NM from $300 (48 Rentals)

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

property at 216 S Avenue I

$700 - $800

1 To 2 Bedroom Rentals

Available Now

216 S Avenue I

PortalesNM88130

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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
  • Utilities Included
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1216 Dartmouth
1 to 2 Bedroom Apartments

1216 Dartmouth

1216 DartmouthClovis, NM 88101
  • Utilities Included
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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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
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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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101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included
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Townsgate Apartments
2 Bedroom Apartments

Townsgate Apartments

125-137 Townsgate PlzClovis, NM 88101
  • Utilities Included

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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Blue Water Garden
1 to 4 Bedroom Apartments

Blue Water Garden

612 Irving StHereford, TX 79045
  • Utilities Included
Showing Results 1-48, 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
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
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$820
Tierra Blanca11-601BR,1BA$841
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$855
Saddlecreek ApartmentsMagnolia2BR,1BA$860

Best Value Apartments for Rent in Pep, NM and Nearby

As of July 22, 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 2100 Fred Daugherty Model at 2100 Fred Daugherty Ave starting at $1,000 with a $0.91 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
2100 Fred Daugherty Ave2100 Fred Daugherty2BR,2BA$0.91
Hotel Clovis Lofts3 Bedrooms3BR,2BA$0.84
Central Place22-602BR,2BA$1.04
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$0.90
Gidding Apartments3321 Gidding2BR,1BA$1.11
300-304 Townsgate Plz300 Townsgate2BR,1BA$1.11
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
Mirador Apartments1 BEDROOM1BR,1BA$1.09

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.