Cheap Homes for Rent in Salem, NM from $900 (8 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Salem, NM Local Guide

Cheapest Available Salem Apartments for Rent and Nearby

 

The cheapest available apartment rental in Salem, NM is a 1 Bed unit found at Mountain Springs Pointe in the Downtown Las Cruces neighborhood priced from $700. Casitas at 805 N 17Th St. in the Downtown Las Cruces neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Salem apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain Springs Pointe1 Bedroom1BR,1BA$700
Casitas at 805 N 17Th St.StudioStudio,1BA$725
1655 S MainContemporary1BR,1BA$795

Best Value Apartments for Rent in Salem, NM and Nearby

As of May 09, 2025 the best value apartment in the Salem area is the $1.16 price per square foot The Catlina Model at The Pavilions at South Fork in the starting from $1,275. The second greatest value Salem apartment is the 2 bedroom 1 bath - Colony Garden Model at Colony Mesa Apartments starting at $875 with a $0.81 price per square foot in the Downtown Las Cruces neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Pavilions at South ForkThe Catlina2BR,2BA$1.16
Colony Mesa Apartments2 bedroom 1 bath - Colony Garden2BR,1BA$0.81
Alexis Apartments2 Bedroom2BR,2BA$1.12
Pavilions At UniversityAggie2BR,2BA$1.21
Casa BanderaB12BR,2BA$1.33
Woodcrest Apartments2 Bedroom2BR,2BA$1.12
700 California Ave2 Bedroom2BR,1BA$1.17
Verge at Las Cruces2BR/2BA2BR,2BA$0.88
Telshor Terrace Apartments1X11BR,1BA$1.35
Sierra VerdeLa Sierra1BR,1BA$1.30

Quick Rent Budget Calculator

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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.

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Frequently Asked Questions about Salem

What type of rentals are currently available in Salem?

There are currently 34 Apartments for Rent in Salem, NM with pricing that ranges from $640 to $2,805. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $900 to $2,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $900 to $2,500 with an average monthly rent of $1,545.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.