Cheap Apartments for Rent near Torreon, NM from $500 (57 Rentals)

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

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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Tesota Four Hills
Rent Specials
$831 - $2,572
Total Monthly Price

Total Monthly Price

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$831 - $2,572
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1 to 3 Bedroom Apartments Available Sep 11

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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Tesota Midtown
Rent Specials
$857 - $1,607
Total Monthly Price

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$857 - $1,607
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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Studios on Route 66
Rent Specials
$900 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,250
Total Monthly Price
$900 - $1,250
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
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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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
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Arrowhead Pointe
$1,013 - $1,433
Total Monthly Price

Total Monthly Price

Base Rent
$1,013 - $1,433
Total Monthly Price
$1,013 - $1,433
1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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MOUNTAIN VISTA
$1,025 - $1,689
Total Monthly Price

Total Monthly Price

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$1,025 - $1,689
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Varies
1 to 3 Bedroom Apartments Available Now

MOUNTAIN VISTA

1501 Tramway Blvd NEAlbuquerque, NM 87112
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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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The June
Rent Specials
$1,114 - $1,628
Total Monthly Price

Total Monthly Price

Base Rent
$1,114 - $1,628
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
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The Reserve
$1,143 - $1,620
Total Monthly Price

Total Monthly Price

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$1,143 - $1,620
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1 to 3 Bedroom Apartments Available Now

The Reserve

1001 Tramway Blvd NEAlbuquerque, NM 87112
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Lumen
Rent Specials
$1,477 - $1,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,477 - $1,890
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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134-136 Altez St NE
2 Bedroom Apartments

134-136 Altez St NE

134-136 Altez St NEAlbuquerque, NM 87123
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Whispering Sands
1 to 2 Bedroom Apartments

Whispering Sands

12720 Central Ave SEAlbuquerque, NM 87123

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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Palazzo Apartments
1 to 3 Bedroom Apartments

Palazzo Apartments

14124 Copper Ave NEAlbuquerque, NM 87123
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Madeira Court
Studio to 2 Bedroom Apartments

Madeira Court

1001 Madeira Dr SEAlbuquerque, NM 87108
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The Valencia
1 to 3 Bedroom Apartments

The Valencia

1020 Valencia DrAlbuquerque, NM 87108
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Coyote Point
2 Bedroom Apartments

Coyote Point

13500 Skyline Rd NEAlbuquerque, NM 87123
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Panorama Heights
1 to 2 Bedroom Apartments

Panorama Heights

13309 Mountain RdAlbuquerque, NM 87112
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Aspen Ridge
2 to 4 Bedroom Apartments

Aspen Ridge

820 Louisiana Blvd SEAlbuquerque, NM 87108
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Los Altos Towers
Studio to 2 Bedroom Apartments

Los Altos Towers

9125 Copper Ave NEAlbuquerque, NM 87123

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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Torreon, NM Local Guide

Cheapest Available Torreon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Torreon, NM is a Studio unit found at The Loop at 950 in the South San Pedro neighborhood priced from $645. White Oak Apartments in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $716. Here is today’s list of the most affordable Torreon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
White Oak Apartments1x11BR,1BA$716
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$799
Juniper FlatsArroyoStudio,1BA$800
Somerset ParkStudioStudio,1BA$822
El Pueblo - Ultimate Urban LivingStudioStudio,1BA$840
The Twelve 6012BR/1.0BA2BR,1BA$850
Whispering SandsOne Bedroom One Bath1BR,1BA$875
Palazzo ApartmentsKaloSolo1BR,1BA$879
The French Quarter1 x1 Reno (630Sqft)1BR,1BA$880

Best Value Apartments for Rent in Torreon, NM and Nearby

As of August 29, 2026 the best value apartment in the Torreon area is the $1.38 price per square foot 2 Bedroom Model at Zia Townhomes in the in the South Los Altos neighborhood starting from $1,695. The second greatest value Torreon apartment is the 2bed/1 ba Unfurnished Model at 520 Tennessee St NE starting at $1,200 with a $1.39 price per square foot in the Towne Park neighborhood. Here is today’s list of the best values for Torreon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Zia Townhomes2 Bedroom2BR,1.5BA$1.38
520 Tennessee St NE2bed/1 ba Unfurnished2BR,1BA$1.39
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.20
Los Altos TowersOne Bedroom One Bath1BR,1BA$1.39
The Twelve 6012BR/1.0BA2BR,1BA$1.06
White Oak Apartments1x11BR,1BA$1.03
River Rock ApartmentsKaloSolo1BR,1BA$1.38
The Ridge1 Bedroom 1 Bathroom1BR,1BA$1.37
The Lanai Apartments1BD/1B1BR,1BA$1.38
Whispering SandsOne Bedroom One Bath1BR,1BA$1.35

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!

Explore Torreon, NM Rentals by Map

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See the most popular apartments and homes in Torreon, NM

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Frequently Asked Questions about Cheap Torreon Apartments

What is the Cheapest Studio apartment in Torreon?

Currently the most affordable Cheap Studio Apartment in Torreon is at The Loop at 950 listed at $645.

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

The lowest price for a Cheap One Bedroom Torreon Apartment is $716 at White Oak Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Torreon is starting from $850 at The Twelve 601.

What is the most affordable Torreon Three Bedroom Apartment?

The best deal on a cheap Torreon Three Bedroom Apartment rental is at Aspen Ridge and starts from $1,184.

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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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.