
Cheap Apartments for Rent in Portales, NM from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Portales.


516 E 1st St

111 S Boston Ave

506 E 1st St

1021 N Mlk Blvd

Andalusia Aprtments
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.

Hotel Clovis Lofts

Total Monthly Price
714 W 13th St, Unit 714 B

1517 Cameo St

804 Stanton Pl

221 Gayland Dr

1216 Dartmouth
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.
Portales, NM Local Guide

How much does it cost to rent an apartment in Portales?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portales Studio Apartments | $425 | $425 | $425 |
| Portales 1 Bedroom Apartments | $730 | $495 | $1,115 |
| Portales 2 Bedroom Apartments | $996 | $525 | $2,100 |
| Portales 3 Bedroom Apartments | $897 | $844 | $950 |
| Portales 4 Bedroom Apartments | $1,150 | $1,150 | $1,150 |
Browse Top Apartments in Portales
See all Apartments in PortalesExplore Portales
Portales, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Portales Apartments for Rent
 The cheapest available apartment rental in Portales, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Portales apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $463 |
| Andalusia Aprtments | 1 Bedroom | 1BR,1BA | $463 |
| LoLomas Apartments 55+ | 2 BR | 2BR,1BA | $728 |
| 2100 Fred Daugherty Ave | 2100 Fred Daugherty | 2BR,2BA | $950 |
| Mesquite Village Apartments | Model C | 4BR,2BA | $1,150 |
Best Value Apartments for Rent in Portales, NM
As of March 09, 2026 the best value apartment in the Portales area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Portales apartment is the 2100 Fred Daugherty Model at 2100 Fred Daugherty Ave starting at $950 with a $0.86 price per square foot . Here is today’s list of the best values for Portales apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mesquite Village Apartments | Model C | 4BR,2BA | $0.93 |
| 2100 Fred Daugherty Ave | 2100 Fred Daugherty | 2BR,2BA | $0.86 |
| Andalusia Aprtments | 2 Bedrooms | 2BR,1BA | $0.84 |
| 700 N Lea St, Unit 1 | 700 N Lea St | 2BR,1BA | $1.03 |
| LoLomas Apartments 55+ | 1 BR | 1BR,1BA | $1.15 |
| 704 W 13th St, Unit 704 W 13th Street | 704 W 13th St | 2BR,1BA | $1.22 |
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $0.73 |
| 108 Wallace St | 108 Wallace St | 1BR,1BA | $1.48 |
| 714 W 13th St, Unit 714 B | 714 W 13th St | 1BR,1BA | $1.35 |
| 818 E 7th St, Unit bldr. | 818 E 7th St | 1BR,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.
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 ArticleCash 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.
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.
Best Local Schools in Portales, NM
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portales, NM Rentals by Map
See the most popular apartments and homes in Portales, NM
Frequently Asked Questions about Cheap Portales Apartments
How much is rent for a Cheap One Bedroom Portales Apartment?
The lowest price for a Cheap One Bedroom Portales Apartment is $463 at Hotel Clovis Lofts.
What is the lowest price for a Cheap Two Bedroom Portales Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Portales is starting from $563 at Hotel Clovis Lofts.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.