
Cheap Homes for Rent in Ruidoso, NM from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Ruidoso.


119 Whispering Pines Way

602 N Ohio Ave

8 Alicia Dr

1204 S Missouri Ave

303 Racquet Dr
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.

613 S Hemlock Ave

25972 US-70

9 Oak Dr

1602 W Tilden St

214 Hideaway Ln

56 Ridgecrest Dr
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.
Ruidoso, NM Local Guide

How much does it cost to rent a home in Ruidoso?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ruidoso 2 Bedroom Homes for Rent | $1,401 | $900 | $2,400 |
| Ruidoso 3 Bedroom Homes for Rent | $1,801 | $1,050 | $3,200 |
| Ruidoso 4 Bedroom Homes for Rent | $2,625 | $2,100 | $3,000 |
| Ruidoso 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Ruidoso
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Ruidoso, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $544 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $554 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $676 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
| Sierra Vista Village | 2B/1B SS | 2BR,1BA | $700 |
Best Value Apartments for Rent in Ruidoso, NM
As of July 12, 2026 the best value apartment in the Ruidoso area is the $1.25 price per square foot 3 Bed, 1.5 Bath B Model at Villas of Briar Ridge in the starting from $1,498. The second greatest value Ruidoso apartment is the C1 Model at Spring River Luxury Apartment Homes starting at $1,507 with a $1.53 price per square foot . Here is today’s list of the best values for Ruidoso apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas of Briar Ridge | 3 Bed, 1.5 Bath B | 3BR,1.5BA | $1.25 |
| Spring River Luxury Apartment Homes | C1 | 2BR,2BA | $1.53 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $0.77 |
| Sonoma Pointe Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
| La Tierra 55+ | 2 Bedrooms | 2BR,1BA | $1.16 |
| Azotea Apartments 62+ | 1 Bedroom | 1BR,1BA | $0.73 |
| Cottonwood Commons | 1 Bedroom | 1BR,1BA | $1.01 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $1.09 |
| Sierra Vista Village | 2B/1B | 1BR,1BA | $1.17 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,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.
Read ArticleReal 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 ArticleQuick 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.
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 Ruidoso
What type of rentals are currently available in Ruidoso?
There are currently 41 Apartments for Rent in Ruidoso, NM with pricing that ranges from $411 to $3,204. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ruidoso ranging from $800 to $5,000.
What is the current price range for Rental Homes in Ruidoso?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ruidoso ranges from $800 to $5,000 with an average monthly rent of $2,077.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.