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Cheap Apartments for Rent in New Mexico - 166 Rentals available

Apartments Under $600

Apartments Under $700

Apartments Under $800

Apartments Under $1,100

  • Home
    1302 Cannon Blvd, Portales, NM
    $1,000 - $1,700
    • 2-4 Beds
    • 2 Baths
    (575) 226-2626

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Looking for a cheap apartment for rent in New Mexico? With RENTCafé, finding an affordable apartment in New Mexico has never been easier. We feature 166 low-priced rentals directly from property managers, with rents lower than the New Mexico average. What is a cheap rent in New Mexico? The average apartment rent in New Mexico is $841 per month so any rental south of $673 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $397 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $516, while a cheap 2-bedroom apartment will cost you about $638 per month. On RENTCafé, New Mexico rents go as low as $555/mo.