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Cheap Apartments for Rent in Portales, NM from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Portales.
516 E 1st St
PortalesNM88130
216 S Avenue I
PortalesNM88130
607 W 17th St
PortalesNM88130
510 W 15th St
PortalesNM88130
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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$450 - $525Studio to 2 Bedroom Apartments Available Now
1021 N Mlk Blvd
1021 N Mlk BlvdClovis, NM 88101
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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.
314 E 9th St
ClovisNM88101
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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 | $450 | $450 | $450 |
| Portales 1 Bedroom Apartments | $796 | $525 | $1,115 |
| Portales 2 Bedroom Apartments | $1,096 | $525 | $2,100 |
| Portales 3 Bedroom Apartments | $1,116 | $875 | $1,475 |
Browse Top Apartments in Portales
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Portales, NM Local Guide
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Cheapest Available Portales Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1021 N Mlk Blvd | Martin Luther | 2BR,1BA | $525 |
| 300-304 Townsgate Plz | 304 Townsgate | 2BR,1BA | $950 |
Best Value Apartments for Rent in Portales, NM
As of December 20, 2025 the best value apartment in the Portales area is the $1.06 price per square foot 304 Townsgate Model at 300-304 Townsgate Plz in the starting from $950. The second greatest value Portales apartment is the Martin Luther Model at 1021 N Mlk Blvd starting at $525 with a $0.66 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. |
|---|---|---|---|
| 300-304 Townsgate Plz | 304 Townsgate | 2BR,1BA | $1.06 |
| 1021 N Mlk Blvd | Martin Luther | 2BR,1BA | $0.66 |
| 704 W 13th St, Unit 704 W 13th Street | 704 W 13th St | 2BR,1BA | $1.15 |
| 108 Wallace St, Unit #1 | 108 Wallace St | 2BR,1BA | $1.19 |
| 704 N Lea St, Unit #706 | 704 N Lea St | 1BR,1BA | $1.63 |
| 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.
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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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Best Local Schools in Portales, NM
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $525 at 1021 N Mlk Blvd.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.