Cheap Apartments for Rent in Lake Arthur, NM from $400 (6 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 Lake Arthur.

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.

Lake Arthur, NM Local Guide

Cheapest Available Lake Arthur Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Arthur, NM is a 1 Bed unit found at Roselawn Manor priced from $422. Sierra Vista Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Lake Arthur apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR,1BA$422
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$700

Best Value Apartments for Rent in Lake Arthur, NM and Nearby

As of April 26, 2025 the best value apartment in the Lake Arthur area is the $0.90 price per square foot Two Bedroom Large Model at Christa Lee Manor Apartments in the starting from $849. The second greatest value Lake Arthur apartment is the One Bedroom - 60% Tax Credit Model at EMLI Artesia: Income Qualify Today starting at $987 with a $1.28 price per square foot . Here is today’s list of the best values for Lake Arthur apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Christa Lee Manor ApartmentsTwo Bedroom Large2BR,2BA$0.90
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Vista del SolOne Bedroom1BR,1BA$1.53
Cielo VistaA11BR,1BA$1.57
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
Eagle CreekOne Bedroom1BR,1BA$1.54
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Roselawn ManorOne Bedroom1BR,1BA$0.72
Mesa Verde - FREE UtilitiesOne Bedroom1BR,1BA$1.37

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 Lake Arthur, NM Rentals by Map

View MapLake Arthur, NM Apartments MapView MapLake Arthur, NM Rental Homes Map

Getting Around Lake Arthur, NM

Walk Score®

2 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lake Arthur Apartments

How much is rent for a Cheap One Bedroom Lake Arthur Apartment?

The lowest price for a Cheap One Bedroom Lake Arthur Apartment is $422 at Roselawn Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Arthur is starting from $500 at Roselawn Manor.

What is the most affordable Lake Arthur Three Bedroom Apartment?

The best deal on a cheap Lake Arthur Three Bedroom Apartment rental is at Mesa Verde - FREE Utilities and starts from $1,100.

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 Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

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.