Cheap Apartments for Rent in Ruidoso, NM from $400 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
close
View Me
205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
close
View Me
311 Mechem Dr
Studio to 3 Bedroom Apartments

311 Mechem Dr

311 Mechem DrRuidoso, NM 88345
  • Utilities Included
close
View Me
301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
  • Utilities Included

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.

Read Article
close
View Me
708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
Corporate Housing
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-42, Page 1 of 1

Ruidoso, NM Local Guide

Cheapest Available Ruidoso Apartments for Rent

 

The cheapest available apartment rental in Ruidoso, NM is a 1 Bed unit found at Azotea Apartments 62+ priced from $544. Cottonwood Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $554. Here is today’s list of the most affordable Ruidoso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Azotea Apartments 62+1 Bedroom1BR,1BA$544
Cottonwood Commons1 Bedroom1BR,1BA$554
Wilshire Gardens 55+2 BR2BR,1BA$676
Mirador Apartments1 BEDROOM1BR,1BA$700
Sierra Vista Village2B/1B SS2BR,1BA$700
Saddlecreek ApartmentsCottonwood1BR,1BA$740
La Tierra 55+1 Bedroom1BR,1BA$770
Peachtree Canyon Apartments1 Bedroom1BR,1BA$795
Mesa Verde - FREE UtilitiesTwo Bedroom2BR,1BA$984

Best Value Apartments for Rent in Ruidoso, NM

As of June 14, 2026 the best value apartment in the Ruidoso area is the $1.30 price per square foot 3 Bed, 2 Bath B Model at Villas of Briar Ridge in the starting from $1,549. The second greatest value Ruidoso apartment is the 120 Badger Ct Model at 120 Badger Ct, Unit Badger starting at $1,100 with a $1.10 price per square foot . Here is today’s list of the best values for Ruidoso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas of Briar Ridge3 Bed, 2 Bath B3BR,1.5BA$1.30
120 Badger Ct, Unit Badger120 Badger Ct2BR,2BA$1.10
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Mesa Verde - FREE UtilitiesTwo Bedroom2BR,1BA$1.22
La Tierra 55+2 Bedrooms2BR,1BA$1.16
Azotea Apartments 62+1 Bedroom1BR,1BA$0.73
Cottonwood Commons1 Bedroom1BR,1BA$1.01
Mirador Apartments1 BEDROOM1BR,1BA$1.09
Peachtree Canyon Apartments1 Bedroom1BR,1BA$1.29
Sierra Vista Village2B/1B1BR,1BA$1.17

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Ruidoso, NM

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ruidoso, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Ruidoso, NM

View Map
Ruidoso, NM Apartments Map
View Map
Ruidoso, NM Rental Homes Map

Frequently Asked Questions about Cheap Ruidoso Apartments

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

The lowest price for a Cheap One Bedroom Ruidoso Apartment is $544 at Azotea Apartments 62+.

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

Today's best deal for a Cheap Two Bedroom Apartment in Ruidoso is starting from $676 at Wilshire Gardens 55+.

What is the most affordable Ruidoso Three Bedroom Apartment?

The best deal on a cheap Ruidoso Three Bedroom Apartment rental is at Cottonwood Commons and starts from $621.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.