Cheap Apartments for Rent in Portales, NM from $400 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Portales.

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.

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Golden Acres Senior
1 to 2 Bedroom Apartments

Golden Acres Senior

718 Wylie Cox CirPortales, NM 88130
Senior Living
  • Utilities Included
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Alta Terra
2 to 4 Bedroom Apartments

Alta Terra

1302 Cannon BlvdPortales, NM 88130

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.

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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.

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1021 N Mlk Blvd
Studio to 2 Bedroom Apartments

1021 N Mlk Blvd

1021 N Mlk BlvdClovis, NM 88101
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804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

804 Stanton PlClovis, NM 88101
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221 Gayland Dr
1 Bedroom Apartments

221 Gayland Dr

221 Gayland DrClovis, NM 88101

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.

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1021 Gidding St
2 Bedroom Apartments

1021 Gidding St

1021 Gidding StClovis, NM 88101
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Townsgate Apartments
2 Bedroom Apartments

Townsgate Apartments

125-137 Townsgate PlzClovis, NM 88101
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300-304 Townsgate Plz
2 Bedroom Apartments

300-304 Townsgate Plz

300 Townsgate PlzClovis, NM 88101
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2100 Fred Daugherty Ave
Studio to 2 Bedroom Apartments

2100 Fred Daugherty Ave

2100 Fred Daugherty AveClovis, NM 88101
  • Utilities Included

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.

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Showing Results 1-41, Page 1 of 1

Portales, NM Local Guide

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 ListingModel NameBed/BathPriced From
Hotel Clovis Lofts1 Bedroom1BR,1BA$463
Andalusia Aprtments1 Bedroom1BR,1BA$463
LoLomas Apartments 55+2 BR2BR,1BA$728
Gidding Apartments3325 Gidding2BR,1BA$1,000
Mesquite Village ApartmentsModel C4BR,2BA$1,150
Raintree ApartmentsC12BR,2BA$1,355

Best Value Apartments for Rent in Portales, NM

As of April 24, 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 C1 Model at Raintree Apartments starting at $1,355 with a $1.38 price per square foot . Here is today’s list of the best values for Portales apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mesquite Village ApartmentsModel C4BR,2BA$0.93
Raintree ApartmentsC12BR,2BA$1.38
Gidding Apartments3325 Gidding2BR,1BA$1.11
Andalusia Aprtments2 Bedrooms2BR,1BA$0.84
LoLomas Apartments 55+1 BR1BR,1BA$1.15
806 W Plaza Dr, Unit #B806 W Plaza Dr1BR,1BA$1.15
Hotel Clovis Lofts1 Bedroom1BR,1BA$0.73
108 Wallace St108 Wallace St1BR,1BA$1.43
818 E 7th St, Unit 818818 E 7th St1BR,1BA$1.72

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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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.

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Quick 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.

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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

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See the most popular apartments and homes in Portales, NM

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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.