Cheap Homes for Rent in Ponderosa, NM from $1,100 (10 Rentals)

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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.

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

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. 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 $979. Here is today’s list of the most affordable Ponderosa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Felician Villa I - Senior 55+One Bedroom1BR,1BA$929
Odyssey Apartmentsa10a1BR,1BA$979
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993

Best Value Apartments for Rent in Ponderosa, NM and Nearby

As of May 29, 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 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills starting at $2,495 with a $1.51 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 Village Rental Homes3x2 (Medium)3BR,2BA$1.66
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.51
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.45
Via Vista Apartment CommunityAmber Reno2BR,2BA$1.76
Entrada PointeTwo Bedroom Two Bathroom2BR,2BA$1.68
Canyon Walk Income RestrictedOne Bedroom1BR,1BA$1.27
The AspensThe Maple1BR,1BA$1.61
Eagle Ranch ApartmentsLatigo1BR,1BA$1.67
Felician Villa I - Senior 55+One Bedroom1BR,1BA$1.44
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Ponderosa

What type of rentals are currently available in Ponderosa?

There are currently 31 Apartments for Rent in Ponderosa, NM with pricing that ranges from $929 to $6,834. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ponderosa ranging from $1,100 to $4,000.

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 $1,100 to $4,000 with an average monthly rent of $2,391.

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.

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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.

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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.

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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.

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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.