Cheap Apartments for Rent in 88240

21 rentals

Apartments For Rent Near 88240

We found 1 more apartment matching your filters just outside 88240

Average Rent Trends in 88240

Rent in 88240 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Nov 2025$1,340
Dec 2025$1,446
Jan 2026$1,420
Feb 2026$1,600
Mar 2026$1,400
Apr 2026$1,422
May 2026$1,800
Jun 2026$1,510
Jul 2026$1,352
Aug 2026$1,400
Sep 2026$1,540
Oct 2026$1,571
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Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$900$1,231$2,300$2,800$1,357
Apartments and Condos$800$1,020$1,200—$1,020
Houses—$1,095$2,400$2,800$2,400

Frequently Asked Questions about Rentals in 88240

  • What is the average rent of an apartment in 88240?
    The average rent of an apartment in 88240 is $1,067 per month. This is about 45% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 88240?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,101 per month.
  • How many cheap apartments are available in 88240?
    There are 10 apartments to rent that are cheaper than the city’s average rent of $1,357.
  • When is the average rent most expensive in 88240?
    In the last year, the average rent in 88240 was highest in Jun 2025 when it was $1,600 per month.
  • What are some cities near 88240?
    Some nearby cities include: Monument, Eunice, Hobbs, Lovington, Maljamar, Loco Hills. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 88240 - 40 Rentas | Trulia