Cheap Apartments for Rent in Ruidoso Downs, NM from $400 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ruidoso Downs.

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Inspiration Heights
1 to 2 Bedroom Apartments

Inspiration Heights

301 Sierra LnRuidoso Downs, NM 88346
  • Utilities Included
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Ladera Apartments
1 to 3 Bedroom Apartments

Ladera Apartments

319 Dipaolo Hill DrRuidoso Downs, NM 88346
  • Utilities Included
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205 Mechem Dr
Studio Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
  • Smoke Free
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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345
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101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included
Showing Results 1-23, Page 1 of 1

Ruidoso Downs, NM Local Guide

Cheapest Available Ruidoso Downs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ruidoso Downs, NM is a 1 Bed unit found at Roselawn Manor priced from $422. 205 Mechem Dr has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Ruidoso Downs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR,1BA$422
205 Mechem DrStudioStudio,1BA$550
311 Mechem DrStudioStudio,1BA$550
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$700

Best Value Apartments for Rent in Ruidoso Downs, NM and Nearby

As of August 08, 2025 the best value apartment in the Ruidoso Downs area is the $1.36 price per square foot C2 Model at Casas De Soledad in the starting from $1,485. The second greatest value Ruidoso Downs apartment is the 2bed 2bath Model at Wyndchase Apartments starting at $1,160 with a $1.16 price per square foot in the Downtown Las Cruces neighborhood. Here is today’s list of the best values for Ruidoso Downs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Casas De SoledadC22BR,2BA$1.36
Wyndchase Apartments2bed 2bath2BR,2BA$1.16
311 Mechem Dr3 BR3BR,2BA$1.30
Villas of Briar Ridge2 Bed, 1 Bath2BR,1BA$1.31
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Roselawn ManorOne Bedroom1BR,1BA$0.72
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.33
205 Mechem DrStudioStudio ,1BA$1.10

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Getting Around Ruidoso Downs, NM

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal 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 Ruidoso Downs Apartments

What is the Cheapest Studio apartment in Ruidoso Downs?

Currently the most affordable Cheap Studio Apartment in Ruidoso Downs is at 205 Mechem Dr listed at $550.

How much is rent for a Cheap One Bedroom Ruidoso Downs Apartment?

The lowest price for a Cheap One Bedroom Ruidoso Downs Apartment is $422 at Roselawn Manor.

What is the lowest price for a Cheap Two Bedroom Ruidoso Downs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ruidoso Downs is starting from $500 at Roselawn Manor.

What is the most affordable Ruidoso Downs Three Bedroom Apartment?

The best deal on a cheap Ruidoso Downs Three Bedroom Apartment rental is at Mesa Verde - FREE Utilities and starts from $1,073.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.