
Cheap Apartments for Rent in Portales, NM from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Portales.


510 W 15th St

1017 W 14th Ln

1117 W University Dr

111 N Boulder Ave

805 S Avenue C

908 S Main Ave
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.

703 Ross St

1100 Wallace 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.
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 | $888 | $450 | $1,300 |
| Portales 2 Bedroom Apartments | $1,081 | $775 | $1,385 |
| Portales 3 Bedroom Apartments | $1,165 | $900 | $1,475 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1517 Cameo St | 1517 Cameo | 1BR,1BA | $450 |
| 2100 Fred Daugherty Ave | 2100 Fred Daugherty | 2BR,2BA | $950 |
| Townsgate Apartments | 133 Townsgate | 2BR,1BA | $950 |
| 300-304 Townsgate Plz | 300 Townsgate | 2BR,1BA | $950 |
| Raintree Apartments | C1 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1824 S Globe Ave, Unit D | 1824 S Globe Ave | 2BR,2BA | $0.92 |
| 2100 Fred Daugherty Ave | 2100 Fred Daugherty | 2BR,2BA | $0.86 |
| Raintree Apartments | C1 | 2BR,2BA | $1.41 |
| Townsgate Apartments | 133 Townsgate | 2BR,1BA | $1.06 |
| 300-304 Townsgate Plz | 300 Townsgate | 2BR,1BA | $1.06 |
| 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 |
| 1517 Cameo St | 1517 Cameo | 1BR,1BA | $1.00 |
| 818 E 7th St, Unit bldr. | 818 E 7th St | 1BR,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 ArticleDon'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 ArticleThe 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
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.

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.

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.




