Cheap Homes for Rent in Monument, NM from $700 (8 Rentals)

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

Search the lowest-cost Homes available for rent right now in Monument.

property at 907 W 26th St

907 W 26th St

OdessaTX79763

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.

Monument, NM Local Guide

Cheapest Available Monument Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monument, NM is a Studio unit found at The Ranch at Andrews priced from $815. Westwood Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Monument apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Ranch at AndrewsEfficiency West RemodeledStudio,1BA$815
Westwood SquareOne Bedroom Apartment Home1BR,1BA$899
High PlainsA11BR,1BA$899

Best Value Apartments for Rent in Monument, NM and Nearby

As of April 25, 2025 the best value apartment in the Monument area is the $1.13 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,245. The second greatest value Monument apartment is the 2x2 (1088sf) B3 Model at Sorrento Villas starting at $1,625 with a $1.49 price per square foot . Here is today’s list of the best values for Monument apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.13
Sorrento Villas2x2 (1088sf) B32BR,2BA$1.49
Woodview2 Bedroom Apartment Home2BR,2BA$1.46
Brady Station ApartmentsThe Vienna2BR,2BA$1.24
RiverwoodA11BR,1BA$1.58
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.24
Vista del SolOne Bedroom1BR,1BA$1.53
Cielo VistaA11BR,1BA$1.57
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
Woodleaf - FREE UtilitiesOne Bedroom1BR,1BA$1.53

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

Frequently Asked Questions about Monument

What type of rentals are currently available in Monument?

There are currently 32 Apartments for Rent in Monument, NM with pricing that ranges from $324 to $5,060. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monument ranging from $750 to $4,500.

What is the current price range for Rental Homes in Monument?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monument ranges from $750 to $4,500 with an average monthly rent of $1,999.

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 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.

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.