Cheap Apartments for Rent in Elephant Butte, NM
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Apartments For Rent Near Elephant Butte, NM
We found 23 more apartments matching your filters just outside Elephant Butte
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Average Rent Trends in Elephant Butte, NM
Rent in Elephant Butte, NM varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jan 2025 | $1,800 |
| Feb 2025 | $900 |
| Jun 2025 | $1,600 |
| Aug 2025 | $1,800 |
| Sep 2025 | $1,100 |
| Nov 2025 | $1,200 |
| Dec 2025 | $1,975 |
| Jan 2026 | $1,600 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,600 |
| May 2026 | $1,650 |
Average Rent By Bedroom and Home Type
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | $1,650 | $1,975 | — | $1,650 |
| Houses | — | $1,650 | $1,975 | — | $1,650 |
Frequently Asked Questions about Rentals in Elephant Butte, NM
- What is the average rent in Elephant Butte, NM?The average rent in Elephant Butte, NM is $1,650. Rent prices range from $1,650 to as much as $1,885, depending on the type of rental.
- How does the rent in Elephant Butte, NM compare to the national average?Average rent in Elephant Butte, NM is about 14% lower than the national average rent of $1,910. That means it is less expensive to rent in Elephant Butte compared to the U.S. average.
- What is the average rent in Elephant Butte, NM, by number of bedrooms?The average rent in Elephant Butte, NM is $ for a studio, $ for a 1 bedroom, $1,650 for a 2 bedroom, $1,885 for a 3 bedroom, and $ for a 4 bedroom.
- How have rent prices in Elephant Butte, NM changed compared to last year?In the past year, the average rent price in Elephant Butte, NM has increased by $1,650. That means the average rent is 100% higher than last year.
- How many available rental listings are in Elephant Butte, NM?There are 2 available rental listings in Elephant Butte, NM.
- What are some zip codes in Elephant Butte, NM?Elephant Butte, NM includes zip codes such as: 87935.
- What are some cities near Elephant Butte, NM?Some nearby cities include: Truth or Consequences, Williamsburg, Monticello, Caballo, Winston. These cities may have more rental options to explore.