Cheap Apartments for Rent in Penasco, NM from $900 (19 Rentals)

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Explore the Best Cheap Apartments in Penasco for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

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Las Lomas
Rent Specials
from $1,3002 to 3 Bedroom Apartments

Las Lomas

600 Santa Cruz RdEspanola, NM 87532
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Penasco, NM Local Guide

Cheapest Available Penasco Apartments for Rent and Nearby

 

The cheapest available apartment rental in Penasco, NM is a 1 Bed unit found at Tres Santos in the Arroyo Chamiso neighborhood priced from $959. Evergreen in the Arroyo Chamiso neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,040. Here is today’s list of the most affordable Penasco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tres SantosOne Bedroom1BR,1BA$959
EvergreenOne Bedroom1BR,1BA$1,040
Elevate at OsloStudio - 325Studio,1BA$1,095
Bluffs 55+ Income RestrictedOne Bedroom1BR,1BA$1,099
Sierra Blanca ApartmentsStudioStudio,1BA$1,100

Best Value Apartments for Rent in Penasco, NM and Nearby

As of January 05, 2025 the best value apartment in the Penasco area is the $1.64 price per square foot 2 X 2.5 (2-Car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $1,995. The second greatest value Penasco apartment is the 2x2 Model at Casa Loma Apartments starting at $1,925 with a $1.88 price per square foot in the Arroyo Chamiso neighborhood. Here is today’s list of the best values for Penasco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills2 X 2.5 (2-Car Gar)2BR,2.5BA$1.64
Casa Loma Apartments2x22BR,2BA$1.88
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.82
Canyon Walk Income RestrictedOne Bedroom1BR,1BA$1.27
Vista Linda2 Bedroom | 1 Bath2BR,1BA$1.92
Enchanted HillsDiego2BR,1BA$1.71
The MicaThe Pines1BR,1BA$1.93
Tres SantosTwo Bedroom2BR,1BA$1.37
EvergreenOne Bedroom1BR,1BA$1.54
Bluffs 55+ Income RestrictedOne Bedroom1BR,1BA$1.65

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Getting Around Penasco, NM

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Penasco Apartments

What is the Cheapest Studio apartment in Penasco?

Currently the most affordable Cheap Studio Apartment in Penasco is at Elevate at Oslo listed at $1,095.

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

The lowest price for a Cheap One Bedroom Penasco Apartment is $959 at Tres Santos.

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

Today's best deal for a Cheap Two Bedroom Apartment in Penasco is starting from $1,137 at Tres Santos.

What is the most affordable Penasco Three Bedroom Apartment?

The best deal on a cheap Penasco Three Bedroom Apartment rental is at Canyon Walk Income Restricted and starts from $1,574.

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.

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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