Cheap Apartments for Rent in Sheep Springs, NM from $600 (21 Rentals)

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

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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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.

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property at 136 E 6th Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

Studio, 1 Bath Condo for Rent

Available Now

136 E 6th Ave

DurangoCO81301
property at 177 E 7th Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Now

177 E 7th Ave

DurangoCO81301

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.

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Showing Results 1-21, Page 1 of 1

Sheep Springs, NM Local Guide

Cheapest Available Sheep Springs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheep Springs, NM is a Studio unit found at Apex Studios priced from $1,150. River Roost in the Hawks Nest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Sheep Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apex StudiosUnfurnishedStudio,1BA$1,150
River RoostStudio A1 - UnfurnishedStudio,1BA$1,175
Skyline ApartmentsE1Studio,1BA$1,778
Affinity at Three SpringsNova – Type 2/2A1BR,1BA$1,791
GaugeB12BR,2BA$2,182

Best Value Apartments for Rent in Sheep Springs, NM and Nearby

As of May 26, 2026 the best value apartment in the Sheep Springs area is the $2.42 price per square foot 1100 Goeglein Gulch #149 Model at 1100 Goeglein Gulch #149, Unit Silver Peaks #149 in the in the Hawks Nest neighborhood starting from $2,550. The second greatest value Sheep Springs apartment is the 1100 Goeglein Gulch #267 Model at 1100 Goeglein Gulch #267, Unit #267 starting at $2,700 with a $2.56 price per square foot in the Hawks Nest neighborhood. Here is today’s list of the best values for Sheep Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1100 Goeglein Gulch #149, Unit Silver Peaks #1491100 Goeglein Gulch #1493BR,2BA$2.42
1100 Goeglein Gulch #267, Unit #2671100 Goeglein Gulch #2673BR,2BA$2.56
Affinity at Three SpringsIntuition – Type 6/6A2BR,2BA$2.29
GaugeB12BR,2BA$2.17
609 Kingman Ave609 Kingman Ave2BR,1BA$1.06
530 Rio Pecos Rd, Unit 4530 Rio Pecos Rd2BR,1BA$1.56
Skyline ApartmentsA11BR,1BA$3.34
Apex StudiosFurnishedStudio ,1BA$4.86
River RoostStudio A1 - FurnishedStudio ,1BA$5.06

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

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Frequently Asked Questions about Cheap Sheep Springs Apartments

What is the Cheapest Studio apartment in Sheep Springs?

Currently the most affordable Cheap Studio Apartment in Sheep Springs is at Apex Studios listed at $1,150.

How much is rent for a Cheap One Bedroom Sheep Springs Apartment?

The lowest price for a Cheap One Bedroom Sheep Springs Apartment is $1,250 at Apex Studios.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheep Springs is starting from $2,182 at Gauge.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.