Cheap Homes for Rent in Pep, NM from $500 (19 Rentals)

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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 Roselawn Manor priced from $422. Tierra Blanca has the second lowest priced unit, which is a 2 Beds apartment currently listed from $444. Here is today’s list of the most affordable Pep apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR,1BA$422
Tierra Blanca22-302BR,2BA$444
221 Gayland Dr221 Gayland1BR,1BA$525
Mirador Apartments1 BEDROOM1BR,1BA$650
Sierra Vista Village2B/1B SS2BR,1BA$700

Best Value Apartments for Rent in Pep, NM and Nearby

As of November 07, 2025 the best value apartment in the Pep area is the $1.15 price per square foot 3 Bed, 1.5 Bath Model at Villas of Briar Ridge in the starting from $1,373. The second greatest value Pep apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,295 with a $1.18 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.
Villas of Briar Ridge3 Bed, 1.5 Bath3BR,1.5BA$1.15
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.18
Tierra Blanca22-602BR,2BA$1.05
Townsgate Apartments133 Townsgate2BR,1BA$1.06
300-304 Townsgate Plz300 Townsgate2BR,1BA$1.06
Saddlecreek ApartmentsPalmetto2BR,2BA$1.05
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Sierra Vista Village2B/1B1BR,1BA$1.17
Roselawn ManorOne Bedroom1BR,1BA$0.72
221 Gayland Dr221 Gayland1BR,1BA$1.04

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Frequently Asked Questions about Pep

What type of rentals are currently available in Pep?

There are currently 41 Apartments for Rent in Pep, NM with pricing that ranges from $377 to $4,087. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pep ranging from $550 to $2,000.

What is the current price range for Rental Homes in Pep?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pep ranges from $550 to $2,000 with an average monthly rent of $1,190.

How much are larger Three and Four Bedroom Rentals in Pep?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pep range from $508 to $4,087, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,525.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.