
Cheap Apartments for Rent near Pep, NM from $377 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Pep.


Central Place

510 E 1st St

Hotel Clovis Lofts

Andalusia Aprtments

Roselawn Manor

University Square
Rent According to Income: A Look at Income-Restricted Rentals
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Wilshire Gardens 55+

Saddlecreek Apartments

1549 Arizona Dr

LoLomas Apartments 55+

1103 N Washington Ave

1021 N Mlk Blvd

1517 Cameo St
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.

123 N Ave E

209 Gidding St

804 Stanton Pl

221 Gayland Dr

1216 Dartmouth

903 Ave G

Brownfield Heights Apartments
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.

1700-1704 Cameo St

1612 Axtell St

115 Pine St

314 E 9th St

Sierra Vista Village

Pueblo Chamisa

1021 Gidding St
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.

1028 Mockingbird Ln
Pep, NM Local Guide

How much does it cost to rent an apartment in Pep?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pep Studio Apartments | $693 | $680 | $720 |
| Pep 1 Bedroom Apartments | $1,000 | $377 | $1,945 |
| Pep 2 Bedroom Apartments | $1,341 | $444 | $2,900 |
| Pep 3 Bedroom Apartments | $1,602 | $508 | $3,410 |
| Pep 4 Bedroom Apartments | $1,328 | $1,150 | $1,506 |
Browse Top Apartments in Pep
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Pep, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $463 |
| Andalusia Aprtments | 1 Bedroom | 1BR,1BA | $463 |
| Roselawn Manor | One Bedroom | 1BR,1BA | $517 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $676 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
| Sierra Vista Village | 2B/1B SS | 2BR,1BA | $700 |
| LoLomas Apartments 55+ | 2 BR | 2BR,1BA | $728 |
| 1103 N Washington Ave | 1 bed 1 bath | 1BR,1BA | $750 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $820 |
| Christa Lee Manor Apartments | Two Bedroom Large | 2BR,2BA | $855 |
Best Value Apartments for Rent in Pep, NM and Nearby
As of September 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 $844 with a $0.84 price per square foot . Here is today’s list of the best values for Pep apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mesquite Village Apartments | Model C | 4BR,2BA | $0.93 |
| Hotel Clovis Lofts | 3 Bedrooms | 3BR,2BA | $0.84 |
| Tierra Blanca | 22-60 | 2BR,2BA | $1.05 |
| Christa Lee Manor Apartments | Two Bedroom Large | 2BR,2BA | $0.90 |
| Gidding Apartments | 3401 Gidding | 2BR,1BA | $1.11 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $0.77 |
| Andalusia Aprtments | 2 Bedrooms | 2BR,1BA | $0.84 |
| 1103 N Washington Ave | 1 bed 1 bath | 1BR,1BA | $1.00 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $1.09 |
| Roselawn Manor | One Bedroom | 1BR,1BA | $0.88 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pep, NM Rentals by Map
See the most popular apartments and homes in Pep, NM
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.