Cheap Apartments for Rent near Picacho, NM from $411 (46 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
S&B Rentals
$850 - $1,800

Total Monthly Price

Base Rent$850 - $1,800
Total Monthly Price$850 - $1,800
Studio to 2 Bedroom Apartments Available Now

S&B Rentals

508 S White Sands BlvdAlamogordo, NM 88310
Furnished
  • Verified
  • Utilities Included
  • Smoke Free

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.

Read Article

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.

Read Article
close
View Me
205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
close
View Me
100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
close
View Me
311 Mechem Dr
Studio to 3 Bedroom Apartments

311 Mechem Dr

311 Mechem DrRuidoso, NM 88345
  • Utilities Included
close
View Me
Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
Student Housing
  • Utilities Included
close
View Me
Pueblo Chamisa
1 to 3 Bedroom Apartments

Pueblo Chamisa

1800 S Pennsylvania AveRoswell, NM 88203
Corporate Housing
  • Utilities Included
close
View Me
708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
Corporate Housing
  • Smoke Free
close
View Me
301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345
close
View Me
101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included

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.

Read Article

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.

Read Article
Showing Results 1-46, Page 1 of 1

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 $517. Azotea Apartments 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $544. Here is today’s list of the most affordable Picacho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR, 1BA$517
Azotea Apartments 62+1 Bedroom1BR, 1BA$544
Cottonwood Commons1 Bedroom1BR, 1BA$554
Wilshire Gardens 55+2 BR2BR, 1BA$676
Saddlecreek ApartmentsAspenStudio, 1BA$680
Mirador Apartments1 BEDROOM1BR, 1BA$700
Sierra Vista Village2B/1B SS2BR, 1BA$700
1103 N Washington Ave1 bed 1 bath1BR, 1BA$750
La Tierra 55+1 Bedroom1BR, 1BA$770
Mesa Verde - FREE UtilitiesOne Bedroom1BR, 1BA$820

Best Value Apartments for Rent in Picacho, NM and Nearby

As of September 19, 2026 the best value apartment in the Picacho area is the $0.77 price per square foot 2 BR Model at Wilshire Gardens 55+ starting from $676. The second greatest value Picacho apartment is the Two Bedroom Large Model at Christa Lee Manor Apartments starting at $820 with a $0.94 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.
Wilshire Gardens 55+2 BR2BR, 1BA$0.77
Christa Lee Manor ApartmentsTwo Bedroom Large2BR, 1BA$0.94
La Tierra 55+2 Bedrooms2BR, 1BA$1.16
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR, 1BA$1.28
Azotea Apartments 62+1 Bedroom1BR, 1BA$0.73
1103 N Washington Ave1 bed 1 bath1BR, 1BA$1.00
Cottonwood Commons1 Bedroom1BR, 1BA$1.01
Mirador Apartments1 BEDROOM1BR, 1BA$1.09
Sierra Vista Village2B/1B1BR, 1BA$1.17
Roselawn ManorOne Bedroom1BR, 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 Article
Decorative image

Navigating 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 Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Picacho, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Picacho, NM

View Map
Picacho, NM Apartments Map
View Map
Picacho, NM Rental Homes Map

Frequently Asked Questions about Cheap Picacho Apartments

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

The lowest price for a Cheap One Bedroom Picacho Apartment is $517 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 $614 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 Cottonwood Commons and starts from $621.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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 How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.