Cheap Homes for Rent in Portales, NM from $400 (18 Rentals)

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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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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.

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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.

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Portales, NM Local Guide

Cheapest Available Portales Apartments for Rent

 

The cheapest available apartment rental in Portales, NM is a 2 Beds unit found at Townsgate Apartments priced from $950. 300-304 Townsgate Plz 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
Townsgate Apartments133 Townsgate2BR,1BA$950
300-304 Townsgate Plz300 Townsgate2BR,1BA$950
Raintree ApartmentsA11BR,1BA$1,115

Best Value Apartments for Rent in Portales, NM

As of November 15, 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 Unit D in the starting from $1,100. The second greatest value Portales apartment is the 133 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1824 S Globe Ave, Unit Unit D1824 S Globe Ave2BR,2BA$0.92
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
Raintree ApartmentsA11BR,1BA$1.74
704 N Lea St, Unit #706704 N Lea St1BR,1BA$1.63

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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Frequently Asked Questions about Portales

What type of rentals are currently available in Portales?

There are currently 44 Apartments for Rent in Portales, NM with pricing that ranges from $450 to $1,385. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portales ranging from $495 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 $495 to $2,000 with an average monthly rent of $1,176.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.