
Cheap Apartments for Rent in Ponderosa, NM from $900 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Ponderosa.


Casa de Encantada Senior Apartments

Odyssey Apartments

Puerta Del Sol

Canyon Walk Income Restricted
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.

Blue Agave Villas

River Walk at Puerta de Corrales

Solaire
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.

Entrada Pointe

Eagle Ranch Apartments

The Aspens

Enchanted Hills

Circ

Prisma

Meadowlark Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Ponderosa, NM Local Guide

How much does it cost to rent an apartment in Ponderosa?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ponderosa Studio Apartments | $1,400 | $1,069 | $1,876 |
Ponderosa 1 Bedroom Apartments | $1,582 | $929 | $5,671 |
Ponderosa 2 Bedroom Apartments | $1,953 | $1,104 | $5,632 |
Ponderosa 3 Bedroom Apartments | $2,171 | $1,574 | $7,144 |
Ponderosa 4 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Browse Top Apartments in Ponderosa
See all Apartments in PonderosaExplore Ponderosa
Ponderosa, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Ponderosa Apartments for Rent and Nearby
 The cheapest available apartment rental in Ponderosa, NM is a 1 Bed unit found at Felician Villa I - Senior 55+ in the Sunrise Village at Northern Meadows neighborhood priced from $929. Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $993. Here is today’s list of the most affordable Ponderosa apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Felician Villa I - Senior 55+ | One Bedroom | 1BR,1BA | $929 |
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $993 |
Odyssey Apartments | Studio | Studio,1BA | $996 |
Puerta Del Sol | The Valencia | Studio,1BA | $1,099 |
Canyon Walk Income Restricted | One Bedroom | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Ponderosa, NM and Nearby
As of June 05, 2025 the best value apartment in the Ponderosa area is the $1.66 price per square foot 3x2 (Medium) Model at Horizon Village Rental Homes in the in the La Cienega del Norte neighborhood starting from $2,875. The second greatest value Ponderosa apartment is the Ballard Model at Circ starting at $1,947 with a $1.63 price per square foot in the Paradise Hills neighborhood. Here is today’s list of the best values for Ponderosa apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Horizon Village Rental Homes | 3x2 (Medium) | 3BR,2BA | $1.66 |
Circ | Ballard | 3BR,2BA | $1.63 |
Cottonwood Ranch | 2B SPL: Cypress (Premium) | 2BR,2BA | $1.45 |
Via Vista Apartment Community | Amber Reno | 2BR,2BA | $1.77 |
Entrada Pointe | Two Bedroom Two Bathroom | 2BR,2BA | $1.68 |
Canyon Walk Income Restricted | One Bedroom | 1BR,1BA | $1.27 |
The Aspens | The Maple | 1BR,1BA | $1.61 |
Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.67 |
Felician Villa I - Senior 55+ | One Bedroom | 1BR,1BA | $1.44 |
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.71 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ponderosa, NM Rentals by Map
See the most popular apartments and homes in Ponderosa, NM
Getting Around Ponderosa, NM
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
10 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Ponderosa Apartments
What is the Cheapest Studio apartment in Ponderosa?
Currently the most affordable Cheap Studio Apartment in Ponderosa is at Odyssey Apartments listed at $996.
How much is rent for a Cheap One Bedroom Ponderosa Apartment?
The lowest price for a Cheap One Bedroom Ponderosa Apartment is $929 at Felician Villa I - Senior 55+.
What is the lowest price for a Cheap Two Bedroom Ponderosa Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ponderosa is starting from $1,104 at Felician Villa I - Senior 55+.
What is the most affordable Ponderosa Three Bedroom Apartment?
The best deal on a cheap Ponderosa Three Bedroom Apartment rental is at Canyon Walk Income Restricted and starts from $1,574.
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.

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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.