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$5351 Bedroom Apartments Available Now
503 W 1st St
503 W 1st StPortales, NM 88130
Cheap Homes for Rent in Portales, NM from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Portales.
516 E 1st St
PortalesNM88130
1406 S Avenue J
PortalesNM88130
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$5852 Bedroom Apartments Available Now
111 S Boston Ave
111 S Boston AvePortales, NM 88130
1103 N Boston Ave
PortalesNM88130
522 S Ave E
PortalesNM88130
416 W 6th St
PortalesNM88130
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1234 N Abilene Ave
PortalesNM88130
1105 Wallace St
ClovisNM88101
704 S Abilene Ave
PortalesNM88130
1005 E Brazos St
PortalesNM88130
1717 W 17th St
PortalesNM88130
1719 W 17th St
PortalesNM88130
108 Colorado Dr
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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Portales, NM Local Guide
How much does it cost to rent a home in Portales?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portales 2 Bedroom Homes for Rent | $964 | $750 | $1,200 |
| Portales 3 Bedroom Homes for Rent | $1,312 | $900 | $2,000 |
Browse Top Homes for Rent 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 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Portales apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $463 |
| Andalusia Aprtments | 1 Bedroom | 1BR,1BA | $463 |
| 1517 Cameo St | 1517 Cameo | 1BR,1BA | $475 |
| 1216 Dartmouth | 1220 Dartmouth | 1BR,1BA | $525 |
| LoLomas Apartments 55+ | 2 BR | 2BR,1BA | $728 |
Best Value Apartments for Rent in Portales, NM
As of May 31, 2026 the best value apartment in the Portales area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Portales apartment is the 3 Bedrooms Model at Hotel Clovis Lofts starting at $1,035 with a $1.04 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. |
|---|---|---|---|
| Mesquite Village Apartments | Model C | 4BR,2BA | $0.93 |
| Hotel Clovis Lofts | 3 Bedrooms | 3BR,2BA | $1.04 |
| Gidding Apartments | 3321 Gidding | 2BR,1BA | $1.11 |
| 302 S Avenue I | 302 S Avenue I | 2BR,1BA | $0.89 |
| Andalusia Aprtments | 2 Bedrooms | 2BR,1BA | $0.84 |
| 1216 Dartmouth | 1220 Dartmouth | 1BR,1BA | $0.66 |
| LoLomas Apartments 55+ | 1 BR | 1BR,1BA | $1.15 |
| 108 Wallace St | 108 Wallace St | 1BR,1BA | $1.43 |
| 1517 Cameo St | 1517 Cameo | 1BR,1BA | $1.06 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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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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See the most popular apartments and homes in Portales, NM
Frequently Asked Questions about Portales
What type of rentals are currently available in Portales?
There are currently 41 Apartments for Rent in Portales, NM with pricing that ranges from $525 to $2,100. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portales ranging from $550 to $2,000.
What is the current price range for Rental Homes in Portales?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portales ranges from $550 to $2,000 with an average monthly rent of $988.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.