
Cheap Homes for Rent in Ruidoso, NM from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Ruidoso.


1002 W Deming St

Spacious Home with Over-sized 2 Car Garage

613 S Hemlock Ave

602 S Woody 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.

25972 US-70

1604 W Juniper St

1602 W Tilden St

117 Wingfield St

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.

1025 Crescent Dr
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 | $1,459 | $675 | $2,400 |
| Ruidoso 3 Bedroom Homes for Rent | $1,746 | $1,100 | $2,500 |
| Ruidoso 4 Bedroom Homes for Rent | $2,333 | $1,500 | $3,000 |
| Ruidoso 5 Bedroom Homes for Rent | $3,825 | $2,650 | $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 May 28, 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 $1,552. The second greatest value Ruidoso apartment is the 120 Badger Ct Model at 120 Badger Ct, Unit Badger starting at $1,200 with a $1.20 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, 2 Bath B | 3BR,1.5BA | $1.30 |
| 120 Badger Ct, Unit Badger | 120 Badger Ct | 2BR,2BA | $1.20 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $0.77 |
| Mesa Verde - FREE Utilities | Two Bedroom | 2BR,1BA | $1.15 |
| 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 |
| Peachtree Canyon Apartments | 1 Bedroom | 1BR,1BA | $1.29 |
| Sierra Vista Village | 2B/1B | 1BR,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 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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See the most popular apartments and homes in Ruidoso, NM
Frequently Asked Questions about Ruidoso
What type of rentals are currently available in Ruidoso?
There are currently 45 Apartments for Rent in Ruidoso, NM with pricing that ranges from $411 to $3,544. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ruidoso ranging from $675 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 $675 to $5,000 with an average monthly rent of $2,102.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.