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Newest Homes for Rent in Elephant Butte, NM

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  • 407 Hallmark St, Elephant Butte, NM 87935
    407 Hallmark St, Elephant Butte, NM 87935
    407 Hallmark St, Elephant Butte, NM 87935
    /20

    $2,250 Per Month

    • 4 Beds
    • 2 Baths
    • 1,450 Sq Ft
    • House for Rent

    407 Hallmark St, Elephant Butte, NM 87935

    Property Id: 1214656 This home comes with refrigerated air conditioning and is located across the street from the Turtleback Mountain Golf & Resort. Relax and unwind in this four-bedroom, two-bathroom home designed for comfort and convenience. The spacious master suite features a queen-sized bed, a 60-inch Smart TV, and a private bathroom, thoughtfully situated on one side of the home

    407 Hallmark St, Elephant Butte, NM 87935
  • 300 Beach Blvd, ELEPHANT BTTE, NM 87935
    300 Beach Blvd, ELEPHANT BTTE, NM 87935
    300 Beach Blvd, ELEPHANT BTTE, NM 87935
    /20

    $2,700 Per Month

    • 3 Beds
    • 2 Baths
    • 1,805 Sq Ft
    • House for Rent

    300 Beach Blvd, ELEPHANT BTTE, NM 87935

    Property Id: 2780810 Beautiful 3 bedroom 2 bath home in Elephant Butte with all utilities included. Whether you're relocating, working in the area, spending the winter in New Mexico, or simply looking for a comfortable short term home, this property is for you. This move in ready home includes everything you need, just bring your suitcase. The fully equipped kitchen, comfortable living

    300 Beach Blvd, ELEPHANT BTTE, NM 87935
New Mexico Sierra County

Newest Homes for Rent in Elephant Butte, NM

Frequently Asked Questions

How much does it cost to rent a home in Elephant Butte, NM?
The median rent for a home in Elephant Butte, NM is $2,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Elephant Butte, NM?
To comfortably afford the median rent in Elephant Butte, NM, a household needs to earn roughly $90,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,250 per month in Elephant Butte, NM, renters typically need to show $6,750 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elephant Butte, NM?
In Elephant Butte, NM, the price-to-rent ratio is 9.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Elephant Butte, NM

There are currently 2 homes available for rent in Elephant Butte, NM. The median rent is $2,250 per month, with single-family homes renting at $2,250.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,250
Median Single Family Home Rent
$2,250
How to Rent a Home

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