Cheap Apartments for Rent in Farmington, NM from $500 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
510 N Wall Ave
2 Bedroom Apartments

510 N Wall Ave

510 N Wall AveFarmington, NM 87401
close
View Me
Eaton Village
2 to 3 Bedroom Apartments

Eaton Village

2550 E 16th StFarmington, NM 87401
  • Utilities Included
close
View Me
Ladera Village
2 to 3 Bedroom Apartments

Ladera Village

3500 N Butler AveFarmington, NM 87401
  • Utilities Included
close
View Me
La Terraza
2 to 3 Bedroom Apartments

La Terraza

900 Cannery CtFarmington, NM 87401
property at 100 Bauer Ave

100 Bauer Ave

MancosCO81328

Farmington, NM Local Guide

Cheapest Available Farmington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Farmington, NM is a 1 Bed unit found at Cannery Apartments Farmington NM priced from $1,050. River Roost in the Hawks Nest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here is today’s list of the most affordable Farmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cannery Apartments Farmington NMOne Bedroom1BR,1BA$1,050
River RoostA2Studio,1BA$1,365
Riverbridge Apartments1 bedroom1BR,1BA$1,400
Red CliffA1 Loft1BR,1BA$1,430
Confluence At Three SpringsCascade #3 - 1 BR, 1 BA1BR,1BA$1,833

Best Value Apartments for Rent in Farmington, NM and Nearby

As of March 27, 2025 the best value apartment in the Farmington area is the $2.94 price per square foot 736 Main Ave Model at 736 Main Ave, Unit E in the in the Hawks Nest neighborhood starting from $2,500. The second greatest value Farmington apartment is the Cascade #3 - 1 BR, 1 BA Model at Confluence At Three Springs starting at $1,833 with a $2.62 price per square foot . Here is today’s list of the best values for Farmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
736 Main Ave, Unit E736 Main Ave1BR,1BA$2.94
Confluence At Three SpringsCascade #3 - 1 BR, 1 BA1BR,1BA$2.62
Cannery Apartments Farmington NMFURNISHED One Bed, Utilities, Cable, Internet1BR,1BA$2.13
Rocket PointeA1-Fuji1BR,1BA$2.84
Skyline ApartmentsA11BR,1BA$3.06
Riverbridge Apartments1 bedroom1BR,1BA$2.55
Red CliffA1 Loft1BR,1BA$3.18
River RoostA2FStudio ,1BA$4.65

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Farmington, NM Rentals by Map

View MapFarmington, NM Apartments MapView MapFarmington, NM Rental Homes Map

Getting Around Farmington, NM

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

18 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Farmington Apartments

What is the Cheapest Studio apartment in Farmington?

Currently the most affordable Cheap Studio Apartment in Farmington is at River Roost listed at $1,365.

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

The lowest price for a Cheap One Bedroom Farmington Apartment is $1,050 at Cannery Apartments Farmington NM.

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

Today's best deal for a Cheap Two Bedroom Apartment in Farmington is starting from $1,300 at Cannery Apartments Farmington NM.

What is the most affordable Farmington Three Bedroom Apartment?

The best deal on a cheap Farmington Three Bedroom Apartment rental is at and starts from $1,350.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.