
Cheap Homes for Rent near Ponderosa, NM from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Ponderosa.


1008 Harrison Dr NE

3146 Chama Meadows Dr NE

1864 Blackberry Rd NE
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.

1105 Calle Mesquite

1512 Penasco Rd NE

2125 Sierra Ln NE

6548 Tahawash St
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.

1340 Rebecca Rd 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 | $1,706 | $1,550 | $2,095 |
| Ponderosa 3 Bedroom Homes for Rent | $2,171 | $1,675 | $3,295 |
| Ponderosa 4 Bedroom Homes for Rent | $3,021 | $2,100 | $7,000 |
| Ponderosa 5 Bedroom Homes for Rent | $2,943 | $2,400 | $3,599 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Myrtle Apartments - All Utilities Included | Studio | Studio,1BA | $900 |
| Arrowhead Ridge | Two Bed/Two Bath - 60% AMI | 2BR,2BA | $940 |
| La Cantera Senior Apartments | 1x1 | 1BR,1BA | $956 |
Best Value Apartments for Rent in Ponderosa, NM and Nearby
As of July 09, 2026 the best value apartment in the Ponderosa area is the $1.44 price per square foot 3BR/2.5BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,950. The second greatest value Ponderosa apartment is the Jade 2-Car Garage Attached Model at Via Verde starting at $2,160 with a $1.65 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 | 3BR/2.5BA | 3BR,2.5BA | $1.44 |
| Via Verde | Jade 2-Car Garage Attached | 2BR,2.5BA | $1.65 |
| Circ | Ballard | 3BR,2BA | $1.68 |
| Via Vista Apartment Community | Jade | 3BR,2BA | $1.74 |
| Cottonwood Ranch | Cypress (LUX) | 2BR,2BA | $1.50 |
| Arrowhead Ridge | Three Bed/Two Bath - 60% AMI | 3BR,2BA | $1.24 |
| Sandoval Flats | 2AA (Wheelchair Accessible) | 2BR,2BA | $1.30 |
| The Aspens | Maple (Premium) | 1BR,1BA | $1.80 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.72 |
| La Cantera Senior Apartments | 1x1 | 1BR,1BA | $1.61 |
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 ArticleReal 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.
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!
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See the most popular apartments and homes in Ponderosa, NM
Frequently Asked Questions about Ponderosa
What type of rentals are currently available in Ponderosa?
There are currently 40 Apartments for Rent in Ponderosa, NM with pricing that ranges from $900 to $4,307. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ponderosa ranging from $1,550 to $7,000.
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 $1,550 to $7,000 with an average monthly rent of $2,460.
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 $1,066 to $4,307, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,644.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.