
Cheap Apartments for Rent in Portales, NM from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Portales.


510 W 15th St

409 W 16th St

1017 W 14th Ln
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.

1117 W University Dr

522 S Ave E

221 S Avenue J

416 W 6th St

1114 N Elgin Ave

900 E Danube St

809 S Avenue A
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.

401-401-401-402 16th St

802 Matthew Ave

703 Ross St

1018-1020 Pile St

600 Ashland Ave
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.

609 Hinkle St

316 Wallace St

1200 Wallace St

517 E 7th St

414 West St

1100 Wallace St
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.

709 1/2 Rencher St

1015 Gidding 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 | $525 | $1,115 |
Portales 2 Bedroom Apartments | $1,153 | $600 | $2,200 |
Browse Top Apartments in Portales
See all Apartments in PortalesExplore Portales
Portales, NM Local Guide
- Nearby Cities
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Cheapest Available Portales Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Townsgate Apartments | 300 Townsgate | 2BR,1BA | $950 |
Raintree Apartments | C1 | 2BR,2BA | $1,355 |
Best Value Apartments for Rent in Portales, NM
As of September 15, 2025 the best value apartment in the Portales area is the $1.41 price per square foot C1 Model at Raintree Apartments in the starting from $1,385. The second greatest value Portales apartment is the 300 Townsgate Model at Townsgate Apartments starting at $950 with a $1.06 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. |
---|---|---|---|
Raintree Apartments | C1 | 2BR,2BA | $1.41 |
Townsgate Apartments | 300 Townsgate | 2BR,1BA | $1.06 |
108 Wallace St, Unit #1 | 108 Wallace St | 2BR,1BA | $1.19 |
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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
See the most popular apartments and homes in Portales, NM
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 $950 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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.