
Cheap Homes for Rent in Ponderosa, NM from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Ponderosa.


247 US-550

1928 Lee Loop NE
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.

900 Charles Dr NE

956 Harrison Dr NE

633 Valley Meadows Dr
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.

6244 Vaughn Dr NE
Ponderosa, NM Local Guide

How much does it cost to rent a home in Ponderosa?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ponderosa 2 Bedroom Homes for Rent | $2,080 | $1,500 | $2,600 |
Ponderosa 3 Bedroom Homes for Rent | $2,156 | $1,725 | $2,900 |
Ponderosa 4 Bedroom Homes for Rent | $2,416 | $2,100 | $3,100 |
Browse Top Homes for Rent in Ponderosa
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Ponderosa, NM Local Guide
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Cheapest Available Ponderosa Apartments for Rent and Nearby
 The cheapest available apartment rental in Ponderosa, NM is a 1 Bed unit found at Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,006. Here is today’s list of the most affordable Ponderosa apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $993 |
Odyssey Apartments | a10a | 1BR,1BA | $1,006 |
Canyon Walk Income Restricted | One Bedroom x One Bath | 1BR,1BA | $1,020 |
Best Value Apartments for Rent in Ponderosa, NM and Nearby
As of September 20, 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 Baloon Fiesta Park neighborhood starting from $2,875. The second greatest value Ponderosa apartment is the 2 X 2.5 (2-Car Gar) Model at Terra at Enchanted Hills starting at $2,095 with a $1.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Horizon Village Rental Homes | 3x2 (Medium) | 3BR,2BA | $1.66 |
Terra at Enchanted Hills | 2 X 2.5 (2-Car Gar) | 2BR,2.5BA | $1.72 |
Via Vista Apartment Community | Quartz Reno | 3BR,2BA | $1.72 |
The Aspens | 2B Loft | 2BR,2BA | $1.42 |
Resort at Sandia Village | 2x2 Reno | 2BR,2BA | $1.76 |
Eagle Ranch Apartments | Alisal | 2BR,2BA | $1.59 |
Enchanted Hills | Enchanted | 2BR,2BA | $1.68 |
Canyon Walk Income Restricted | One Bedroom x One Bath | 1BR,1BA | $1.14 |
Cottonwood Ranch | JR: Birch (Upgrade with Disability Access) | 1BR,1BA | $1.77 |
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.71 |
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Frequently Asked Questions about Ponderosa
What type of rentals are currently available in Ponderosa?
There are currently 35 Apartments for Rent in Ponderosa, NM with pricing that ranges from $814 to $4,283. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ponderosa ranging from $1,300 to $3,100.
What is the current price range for Rental Homes in Ponderosa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ponderosa ranges from $1,300 to $3,100 with an average monthly rent of $1,994.
How much are larger Three and Four Bedroom Rentals in Ponderosa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ponderosa range from $1,228 to $4,283, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,343.
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.