Cheap Apartments for Rent in Picacho, NM from $400 (11 Rentals)

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

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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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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Picacho, NM Local Guide

Cheapest Available Picacho Apartments for Rent and Nearby

 

The cheapest available apartment rental in Picacho, NM is a 1 Bed unit found at Roselawn Manor priced from $422. 205 Mechem Dr has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Picacho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR,1BA$422
205 Mechem DrStudioStudio,1BA$550
100 Lower Terrace DrStudioStudio,1BA$550
311 Mechem DrStudioStudio,1BA$550
Sierra Vista Village1B/1B Flat1BR,1BA$650

Best Value Apartments for Rent in Picacho, NM and Nearby

As of June 17, 2025 the best value apartment in the Picacho area is the $1.30 price per square foot 3 BR Model at 311 Mechem Dr in the starting from $1,300. The second greatest value Picacho apartment is the Two Bedroom Model at Tia Maria starting at $1,100 with a $1.22 price per square foot . Here is today’s list of the best values for Picacho apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
311 Mechem Dr3 BR3BR,2BA$1.30
Tia MariaTwo Bedroom2BR,1BA$1.22
Villas of Briar Ridge2 Bed, 1 Bath2BR,1BA$1.23
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
205 Mechem Dr1 BR1BR,1BA$1.23
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Roselawn ManorOne Bedroom1BR,1BA$0.72
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
100 Lower Terrace DrStudioStudio ,1BA$1.00

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

Explore Picacho, NM Rentals by Map

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See the most popular apartments and homes in Picacho, NM

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Frequently Asked Questions about Cheap Picacho Apartments

What is the Cheapest Studio apartment in Picacho?

Currently the most affordable Cheap Studio Apartment in Picacho is at 205 Mechem Dr listed at $550.

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

The lowest price for a Cheap One Bedroom Picacho Apartment is $422 at Roselawn Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Picacho is starting from $500 at Roselawn Manor.

What is the most affordable Picacho Three Bedroom Apartment?

The best deal on a cheap Picacho Three Bedroom Apartment rental is at 205 Mechem Dr and starts from $1,000.

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.

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.