
Cheap Apartments for Rent in Ponderosa, NM from $800 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Ponderosa.


Myrtle Apartments - All Utilities Included

Sandoval Flats

La Cantera Senior Apartments

Enchanted Vista Apartments

Desert Willow

Odyssey Apartments

Blue Agave Villas
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.

Canyon Walk Income Restricted

Cottonwood Ranch

The Aspens

Puerta Del Sol

Entrada Pointe

River Walk at Puerta de Corrales

City View
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.

Enchanted Hills

Solaire

Prisma

Eagle Ranch Apartments

Circ

Casa de Encantada Senior Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $1,193 | $900 | $1,876 |
Ponderosa 1 Bedroom Apartments | $1,534 | $814 | $2,832 |
Ponderosa 2 Bedroom Apartments | $1,913 | $965 | $3,960 |
Ponderosa 3 Bedroom Apartments | $2,232 | $1,228 | $4,283 |
Ponderosa 4 Bedroom Apartments | $1,383 | $1,343 | $2,850 |
Browse Top Apartments in Ponderosa
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Ponderosa, NM Local Guide
- Nearby Cities
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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. La Cantera Senior Apartments in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $956. Here is today’s list of the most affordable Ponderosa apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Myrtle Apartments - All Utilities Included | Studio | Studio,1BA | $900 |
La Cantera Senior Apartments | 1x1 | 1BR,1BA | $956 |
Enchanted Vista Apartments | 1x1 | 1BR,1BA | $964 |
Desert Willow | Madera | 1BR,1BA | $964 |
Odyssey Apartments | Studio | Studio,1BA | $967 |
Best Value Apartments for Rent in Ponderosa, NM and Nearby
As of October 21, 2025 the best value apartment in the Ponderosa area is the $1.67 price per square foot 3BR/2.0BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,890. The second greatest value Ponderosa apartment is the Quartz Reno Model at Via Vista Apartment Community starting at $1,995 with a $1.72 price per square foot in the Sunrise Village at Northern Meadows 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 | 3BR/2.0BA | 3BR,2BA | $1.67 |
Via Vista Apartment Community | Quartz Reno | 3BR,2BA | $1.72 |
The Aspens | 2B Loft | 2BR,2BA | $1.42 |
Resort at Sandia Village | 2 bed 2 bath | 2BR,2BA | $1.73 |
Canyon Walk Income Restricted | One Bedroom x One Bath | 1BR,1BA | $1.14 |
Circ | Madison | 1BR,1BA | $1.76 |
Enchanted Vista Apartments | 1x1 | 1BR,1BA | $1.47 |
La Cantera Senior Apartments | 1x1 | 1BR,1BA | $1.61 |
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.71 |
Desert Willow | Madera | 1BR,1BA | $1.68 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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 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 $956 at La Cantera 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 $1,141 at La Cantera Senior Apartments.
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 $1,404.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.