Cheap Apartments for Rent in Portales, NM from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Portales.

113-1155 E 5th St

601-603 W 1st St

510 W 15th St

218-220 E 9th St
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.

611 W 5th St

1404 S Avenue J

1017 W 14th Ln

522 S Ave E

221 S Avenue J

300 E 5th St
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.

802 Matthew Ave

703 Ross St

209 Gidding St

519 1/2 Gidding St

120 Navajo Rd
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.

901 Sheldon St

1001 Pile St
Portales, NM Local Guide

How much does it cost to rent an apartment in Portales?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Portales 1 Bedroom Apartments | $747 | $495 | $1,250 |
Portales 2 Bedroom Apartments | $994 | $585 | $1,350 |
Portales 3 Bedroom Apartments | $1,155 | $875 | $1,450 |
Browse Top Apartments in Portales
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Portales, NM Local Guide
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Cheapest Available Portales Apartments for Rent
 The cheapest available apartment rental in Portales, NM is a 2 Beds unit found at Townsgate Apartments priced from $949. Gidding Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable Portales apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Townsgate Apartments | 125 Townsgate E | 2BR,1BA | $949 |
Gidding Apartments | 3401 Gidding | 2BR,1BA | $950 |
2100 Fred Daugherty Ave | Fred Daugherty | 2BR,2BA | $1,000 |
Best Value Apartments for Rent in Portales, NM
As of July 02, 2025 the best value apartment in the Portales area is the $0.91 price per square foot 2100 Fred Daughtery B Model at 2100 Fred Daugherty Ave in the starting from $1,000. The second greatest value Portales apartment is the 800 Sycamore St Model at 800 Sycamore St, Unit #1 starting at $700 with a $0.74 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. |
---|---|---|---|
2100 Fred Daugherty Ave | 2100 Fred Daughtery B | 2BR,2BA | $0.91 |
800 Sycamore St, Unit #1 | 800 Sycamore St | 2BR,1BA | $0.74 |
Townsgate Apartments | 129 Townsgate | 2BR,1BA | $1.06 |
Gidding Apartments | 3401 Gidding | 2BR,1BA | $1.06 |
704 W 13th St, Unit 704 W 13th Street | 704 W 13th St | 2BR,1BA | $1.07 |
806 W Plaza Dr, Unit #B | 806 W Plaza Dr | 1BR,1BA | $1.11 |
Quick Rent Budget Calculator
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Best Local Schools in Portales, NM
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Getting Around Portales, NM
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Portales Apartments
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 $949 at Townsgate Apartments.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.

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.