
Cheap Apartments for Rent near Waterflow, NM from $795 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterflow.


510 Orchard Ave

2115 Tesoro Pl

713 Acoma Pl

San Juan - Free Utilities

2803 E 22nd St, Unit C

Residences at Durango
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.

1621 N Farmington Ave

River Roost

Apex Studios

Total Monthly Price
610 S Cedar St, Unit #2

Total Monthly Price
Red Cliff Apartments

Cannery Apartments Farmington NM

Redspeck Apartments
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.

Total Monthly Price
523 Ruins Rd, Unit 2

54 W Mill St

517 Ruins Rd

826 Vine Ave

700 N Monterey Ave

24 W 3rd St

612 N Allen Ave
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.

5512 E Beech St

1406 Saiz Ln

21 Rd 6191

94 Co Rd 6400

806 McCoy Ave

801 UNIT9 Hacienda Ln

2300 Southside River Rd
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.

2301 E 14th St

723 E College Dr

680 E College Dr
Waterflow, NM Local Guide

How much does it cost to rent an apartment in Waterflow?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterflow Studio Apartments | $1,417 | $1,172 | $1,998 |
| Waterflow 1 Bedroom Apartments | $1,601 | $875 | $2,300 |
| Waterflow 2 Bedroom Apartments | $2,254 | $995 | $2,845 |
| Waterflow 3 Bedroom Apartments | $3,113 | $1,516 | $6,993 |
Browse Top Apartments in Waterflow
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Waterflow, NM Local Guide
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Cheapest Available Waterflow Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterflow, NM is a 1 Bed unit found at Apex Studios priced from $1,250. River Roost in the Hawks Nest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Waterflow apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Apex Studios | 1 bed 1bath | 1BR,1BA | $1,250 |
| River Roost | Studio A2 - Unfurnished | Studio,1BA | $1,300 |
| Red Cliff Apartments | A1 Loft | 1BR,1BA | $1,353 |
| Cannery Apartments Farmington NM | One Bedroom | 1BR,1BA | $1,400 |
| Riverbridge Apartments | 2BR/1.0BA | 2BR,1BA | $1,795 |
| Skyline Apartments | B1 | 2BR,1BA | $2,080 |
| Gauge | B1 | 2BR,2BA | $2,086 |
Best Value Apartments for Rent in Waterflow, NM and Nearby
As of September 08, 2026 the best value apartment in the Waterflow area is the $2.16 price per square foot C1 Model at Gauge in the starting from $2,856. The second greatest value Waterflow apartment is the Intuition Model at Affinity at Three Springs starting at $2,793 with a $2.75 price per square foot . Here is today’s list of the best values for Waterflow apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gauge | C1 | 3BR,2BA | $2.16 |
| Affinity at Three Springs | Intuition | 2BR,2BA | $2.75 |
| 610 S Cedar St, Unit #2 | 610 S Cedar St | 2BR,1.5BA | $1.44 |
| 216 N 1st St, Unit Bloomfield Apartments | 216 N 1st St | 2BR,1BA | $2.22 |
| 2333 N Glenisle Ave, Unit A | 2333 N Glenisle Ave | 2BR,1BA | $2.18 |
| Skyline Apartments | B1 | 2BR,1BA | $2.65 |
| Riverbridge Apartments | 2BR/1.0BA | 2BR,1BA | $2.33 |
| Cannery Apartments Farmington NM | One Bedroom | 1BR,1BA | $1.85 |
| Apex Studios | 1 bed 1bath | 1BR,1BA | $2.50 |
| Red Cliff Apartments | A1 Loft | 1BR,1BA | $3.01 |
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 ArticleNavigating 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterflow, NM Rentals by Map
See the most popular apartments and homes in Waterflow, NM
Frequently Asked Questions about Cheap Waterflow Apartments
How much is rent for a Cheap One Bedroom Waterflow Apartment?
The lowest price for a Cheap One Bedroom Waterflow Apartment is $1,250 at Apex Studios.
What is the lowest price for a Cheap Two Bedroom Waterflow Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterflow is starting from $1,600 at Cannery Apartments Farmington NM.
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

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.

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.

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.

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.