Cheap Apartments for Rent in Portales, NM from $400 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
1021 N Mlk Blvd
Studio to 2 Bedroom Apartments

1021 N Mlk Blvd

1021 N Mlk BlvdClovis, NM 88101
  • Utilities Included
close
View Me
804 Stanton Pl
1 to 2 Bedroom Apartments

804 Stanton Pl

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

221 Gayland Dr

221 Gayland DrClovis, NM 88101
close
View Me
1216 Dartmouth
2 Bedroom Apartments

1216 Dartmouth

1216 DartmouthClovis, NM 88101
  • Utilities Included

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

Cheapest Available Portales Apartments for Rent

 

The cheapest available apartment rental in Portales, NM is a 1 Bed unit found at 1517 Cameo St priced from $450. 2100 Fred Daugherty Ave 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 ListingModel NameBed/BathPriced From
1517 Cameo St1517 Cameo1BR,1BA$450
2100 Fred Daugherty Ave2100 Fred Daugherty2BR,2BA$950
Townsgate Apartments133 Townsgate2BR,1BA$950
300-304 Townsgate Plz300 Townsgate2BR,1BA$950
Raintree ApartmentsC12BR,2BA$1,385

Best Value Apartments for Rent in Portales, NM

As of November 02, 2025 the best value apartment in the Portales area is the $0.92 price per square foot 1824 S Globe Ave Model at 1824 S Globe Ave, Unit D in the starting from $1,100. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1824 S Globe Ave, Unit D1824 S Globe Ave2BR,2BA$0.92
2100 Fred Daugherty Ave2100 Fred Daugherty2BR,2BA$0.86
Raintree ApartmentsC12BR,2BA$1.41
Townsgate Apartments133 Townsgate2BR,1BA$1.06
300-304 Townsgate Plz300 Townsgate2BR,1BA$1.06
704 W 13th St, Unit 704 W 13th Street704 W 13th St2BR,1BA$1.15
108 Wallace St, Unit #1108 Wallace St2BR,1BA$1.19
704 N Lea St, Unit #706704 N Lea St1BR,1BA$1.63
1517 Cameo St1517 Cameo1BR,1BA$1.00
818 E 7th St, Unit bldr.818 E 7th St1BR,1BA$1.72

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portales, NM Rentals by Map

View Map
Portales, NM Apartments Map
View Map
Portales, NM Rental Homes Map

Getting Around Portales, NM

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

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 $450 at 1517 Cameo St.

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 $950 at 2100 Fred Daugherty Ave.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.