Cheap Apartments for Rent in Ruidoso, NM from $411 (38 Rentals)

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

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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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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

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

311 Mechem Dr

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

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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.

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Sierra Vista Village
1 to 4 Bedroom Apartments

Sierra Vista Village

28 W Martin StRoswell, NM 88203
Student Housing
  • Utilities Included
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Pueblo Chamisa
1 to 3 Bedroom Apartments

Pueblo Chamisa

1800 S Pennsylvania AveRoswell, NM 88203
Corporate Housing
  • Utilities Included
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708 W 13th St
1 Bedroom Apartments

708 W 13th St

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

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.

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Showing Results 1-38, 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
1103 N Washington Ave1 bed 1 bath1BR,1BA$750
La Tierra 55+1 Bedroom1BR,1BA$770
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,1BA$820
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$820
Saddlecreek ApartmentsMagnolia2BR,1BA$870

Best Value Apartments for Rent in Ruidoso, NM

As of September 13, 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 $1,551. The second greatest value Ruidoso apartment is the 2 BR Model at Wilshire Gardens 55+ starting at $676 with a $0.77 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
Wilshire Gardens 55+2 BR2BR,1BA$0.77
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,1BA$0.94
La Tierra 55+2 Bedrooms2BR,1BA$1.16
Azotea Apartments 62+1 Bedroom1BR,1BA$0.73
1103 N Washington Ave1 bed 1 bath1BR,1BA$1.00
Cottonwood Commons1 Bedroom1BR,1BA$1.01
Mirador Apartments1 BEDROOM1BR,1BA$1.09
Sierra Vista Village2B/1B1BR,1BA$1.17
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.41

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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
Ruidoso, NM

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

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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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.