
Cheap Apartments for Rent in the Terrace Hills Neighborhood of El Paso, TX from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Terrace Hills area of El Paso.


The Caterina

Sagewood Apartments

Fairbanks Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Terrace Hills, El Paso, TX Local Guide

How much does it cost to rent an apartment in Terrace Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Terrace Hills Studio Apartments | $722 | $650 | $800 |
Terrace Hills 1 Bedroom Apartments | $1,055 | $699 | $1,608 |
Terrace Hills 2 Bedroom Apartments | $1,212 | $814 | $2,019 |
Terrace Hills 3 Bedroom Apartments | $1,406 | $950 | $2,192 |
Terrace Hills 4 Bedroom Apartments | $1,140 | $1,140 | $1,140 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Terrace Hills Neighborhood of El Paso, TX.
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Terrace Hills, El Paso, TX Local Guide
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Cheapest Available Terrace Hills Apartments for Rent
 The cheapest available apartment rental in the Terrace Hills area of El Paso, TX is a Studio unit found at Parkland Pointe priced from $650. Raintree Village has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Terrace Hills apartments for rent in El Paso, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Parkland Pointe | Studio | Studio,1BA | $650 |
Raintree Village | Studio | Studio,1BA | $700 |
Sagewood Apartments | A1 | 1BR,1BA | $745 |
Best Value Apartments for Rent in Terrace Hills, TX
As of April 25, 2025 the best value apartment in the Terrace Hills area is the $0.87 price per square foot The Franklin Model at The Caterina in the in the North Park neighborhood starting from $965. The second greatest value Terrace Hills apartment is the 1 Bedroom Model at Fairbanks Apartments starting at $780 with a $0.79 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Terrace Hills apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Caterina | The Franklin | 2BR,1.5BA | $0.87 |
Fairbanks Apartments | 1 Bedroom | 1BR,1.5BA | $0.79 |
North Mountain Village Apartments | 2 Bedroom | 2BR,2BA | $1.01 |
Amigos Del Sol Apartments | 2 Bed 1 1/2 Bath Upstairs | 2BR,1.5BA | $1.17 |
Sagewood Apartments | A1 | 1BR,1BA | $0.99 |
Butterfield Trail Apartments | A1 | 1BR,1BA | $1.24 |
Maximus Apartments | 1 Bedroom/ 1 Bath | 1BR,1BA | $1.32 |
La Mirada Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.34 |
Paso Norte Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.45 |
Agave Courtyard | A1 Fully Upgraded | 1BR,1BA | $1.37 |
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Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including El Paso. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Terrace Hills Neighborhood in El Paso, TX
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Terrace Hills Apartments
What is a cheap apartment in Terrace Hills?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terrace Hills is under $875.
What is the price of a cheap apartment in Terrace Hills?
The cheapest apartment in Terrace Hills is Parkland Pointe which is listed at $699, while the average apartment in Terrace Hills costs $1,225.
What types of apartments are the cheapest in Terrace Hills?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24 regular apartments in Terrace Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Terrace Hills?
Cheap apartments in Terrace Hills have an average cost of $167 which is $1,058 cheaper than the average rent for all rentals in Terrace Hills.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.