Cheap Apartments for Rent near Ponderosa, NM from $900 (45 Rentals)

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

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Odyssey Apartments
$1,136 - $2,231

Total Monthly Price

Base Rent$1,136 - $2,231
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Odyssey Apartments

10600 Cibola Loop NWAlbuquerque, NM 87114
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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.

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Entrada Pointe
$1,197 - $1,567

Total Monthly Price

Base Rent$1,197 - $1,567
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
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Circ
Rent Specials
$1,381 - $2,020

Total Monthly Price

Base Rent$1,381 - $2,020
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Circ

10300 Golf Course Rd NWAlbuquerque, NM 87114
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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.

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SkyStone Apartments
$1,455 - $7,721

Total Monthly Price

Base Rent$1,455 - $7,721
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

SkyStone Apartments

10800 Cibola Loop NWAlbuquerque, NM 87114
Corporate Housing
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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.

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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.

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Olympus Latitude
Studio to 2 Bedroom Apartments

Olympus Latitude

6700 Modesto Ave NEAlbuquerque, NM 87113

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.

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Showing Results 1-45, Page 1 of 1

Ponderosa, NM Local Guide

Cheapest Available Ponderosa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ponderosa, NM is a Studio unit found at Myrtle Apartments - All Utilities Included priced from $900. Arrowhead Ridge in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $940. Here is today’s list of the most affordable Ponderosa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Myrtle Apartments - All Utilities IncludedStudioStudio,1BA$900
Arrowhead RidgeTwo Bed/Two Bath - 60% AMI2BR,2BA$940
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$995
Desert WillowMadera1BR,1BA$1,061
Sandoval Flats1A1BR,1BA$1,095
Odyssey ApartmentsStudioStudio,1BA$1,139
The AspensBirch - Phase II1BR,1BA$1,189
Cottonwood RanchMaple1BR,1BA$1,285
Blue Agave VillasThe Grove1BR,1BA$1,290
Puerta Del SolThe Barcelona1BR,1BA$1,299

Best Value Apartments for Rent in Ponderosa, NM and Nearby

As of September 10, 2026 the best value apartment in the Ponderosa area is the $1.40 price per square foot 3BR/2.5BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,850. The second greatest value Ponderosa apartment is the 3 x 3.5 (1-car Gar) Model at Terra at Enchanted Hills starting at $2,550 with a $1.56 price per square foot in the Encantado del Norte Heritage Series neighborhood. Here is today’s list of the best values for Ponderosa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon Village3BR/2.5BA3BR,2.5BA$1.40
Terra at Enchanted Hills3 x 3.5 (1-car Gar)3BR,3.5BA$1.56
Via Vista Apartment CommunityJade3BR,2BA$1.69
Arrowhead RidgeThree Bed/Two Bath - 60% AMI3BR,2BA$1.24
Resort at Sandia Village2 bed 2 bath2BR,2BA$1.67
Enchanted HillsDiego2BR,1BA$1.74
CircMadison1BR,1BA$1.73
Cottonwood RanchMaple1BR,1BA$1.67
Sandoval Flats1A1BR,1BA$1.47
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.72

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.

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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.

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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.

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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.

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Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

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

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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 Myrtle Apartments - All Utilities Included listed at $900.

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

The lowest price for a Cheap One Bedroom Ponderosa Apartment is $995 at Casa de Encantada Senior Apartments.

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 $940 at Arrowhead Ridge.

What is the most affordable Ponderosa Three Bedroom Apartment?

The best deal on a cheap Ponderosa Three Bedroom Apartment rental is at Arrowhead Ridge and starts from $1,337.

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

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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.

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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.

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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.

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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.