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Apartments for Rent in Portales, NM

Showing 16 rentals in Portales, then 4 more within 25 miles, nearest first.

1-20 of 20 rentals

Apartment for rent at 1550 Arizona Dr, Portales, NM 88130

1/10

Managed by Homespot Property Management

$800

Apartment2 Beds1 Bath744 ft²

1550 Arizona Dr

Portales, NM 88130

Located near ENMU, 2 bed, 1 bath central heat & air conditioning. Water paid. (up stairs). Amenities: Owner Pays Water & Tenants Pay Electric.

1/10

Managed by Susan Davis

$575

Apartment2 Beds1 Bath

818 S Ave A

Portales, NM 88130

Pre-Screener required before showing. Recently Remodeled 2 Bedroom, 1 Bath Apartment. 11 Miles from Cafb S. Gate, 5 Minutes to ENMU. New Vinyl Plank Flooring. Freshly Painted. New Stacked Washer/Dryer. Refrigerated Air Conditioners in Both Bedrooms and Living Room. Off Street Parking. Security Lights Surround the Property. 1 Year Lease. No Pets. Renter Pays Utilities. Pre-Screener Required Before Showing. Amenities: Range/Oven & Designated Space. Heating: baseboard.

1/10

Featured

Managed by Berkshire Hathaway HomeServices Enchanted Lands

$975

$1,040/mo with required fees

Apartment3 Beds2 Baths2,587 ft²

901 W 14th St

Portales, NM 88130

This vintage, spacious home is ready for you to move in. This home has so much character, storage and potential that you will want to make it your own. Application fee: $40 one time charge per each person financially responsible. Late fee-5% of rent, charged the 8th of the month. Renters Insurance:$15 monthly charge (can purchase policy from another provider, must give proof to Office) Resident Benefit Package: $50 charge included in rent. At Berkshire Hathaway Home Services Enchanted Lands, Realtors, we strive to provide an experience that is cost-effective and convenient.

1/10

Managed by Anahii Romero

$850

Apartment2 Beds1 Bath

213 W 4th St #A

Portales, NM 88130

Welcome to your new home at 213 W 4th St in Portales, NM. This charming single unit property features a fenced yard, perfect for your furry friends. Don't miss out on this opportunity to live in comfort for only $850 a month. Contact us today to schedule a viewing. Amenities: Range/Oven. Heating: wall heater.

1/7

Managed by Eastern Sunbelt

$600

Apartment2 Beds1 Bath672 ft²

1400 S Ave E

Portales, NM 88130

Two bedroom, one bath apartments. Just blocks from ENMU. Tenant is responsible for electric only. Property must be viewed to apply, keys available in the office. All applications require a pet screening profile. Amenities: Stove.

1/10

Managed by Eastern Sunbelt

$700

Apartment2 Beds1 Bath750 ft²

1549 Arizona Dr

Portales, NM 88130

Two bedroom, one bath apartment. Three blocks from ENMU. Tenant Utilities: Electricity. All applications require a pet screening profile. Property must be viewed to apply, keys available in the office. Amenities: Stove & Central Heat and Air.

1/10

Managed by First Place Leasing

$595 - $650

Apartment1 Bed1 Bath600 ft²

304-322 S Abilene Ave

Portales, NM 88130

This spacious one bedroom 1 bath unit features an updated unit, total electric, central heat and cooling, no pets. Amenities: Stove & None.

1/10

Managed by Homespot Property Management

$800

Apartment2 Beds1 Bath744 ft²

1540 Arizona Dr

Portales, NM 88130

Located near ENMU, 2 bedroom, 1 bath (ground level) apartment. Central heating and cooling. Water is paid. Amenities: Owner Pays Water & Tenants Pay Electric.

1/10

Managed by Southwest Real Estate

$950

Apartment1 Bed1 Bath

Genesis - Portales

1025 W 18th St, Portales, NM 88130

Completely remodeled in 2023 one and two bedroom apartments. Military and Student Discounts Available. Close to ENMU, and only 15 minutes from Cannon AFB. Kitchens have new stainless steel appliances. Luxury Vinyl Tile in the living areas with carpet in the bedrooms. Private patio space, covered parking, laundry room on site. These apartments are modern and beautiful. Amenities: Range, Refrigerated AC, Close to Cannnon AFB, Close to City Park, Stove, 1 Bedroom, 1 Bathroom & Gas.

Apartment for rent at 111 S Boston Ave, Portales, NM 88130

1/10

New 4 days ago

Managed by Susan Davis

$576

Apartment2 Beds1 Bath875 ft²

111 S Boston Ave

Portales, NM 88130

Prescreening Questionaire Required Before Showing. Lovely Remodeled 2 Bedroom Apartment. 11 Miles from CAFB, 7 Blocks from ENMU. Newer Vinyl Plank Flooringl. Newer Stacked Washer & Dryer. New Stove & Refrigerator. Lots of Closet Space. Refrigerated Air Conditioners. No Pets. High Speed Internet Available-Renter pays all Utilities. 1 Year Lease. No Pets. Amenities: Range/Oven & Near Parks. Heating: wall heater.

1/10

Managed by Homespot Property Management

$800

Apartment1 Bed1 Bath854 ft²

927 W 16th Lane

Portales, NM 88130

This cute one bedroom apartment is located within walking distance from Eastern New Mexico University. Pets Negotiable. Contact Homespot for more information.

1/8

New 3 days ago

Managed by Sagebrush Real Estate

$650

Apartment2 Beds1 Bath

917 W 15th Lane

Portales, NM 88130

Discover this well-maintained 2-bedroom, 1-bath apartment in Portales, NM. The unit includes an in-home washer and dryer for convenient laundry access and is offered on a 1-year lease. Tenants are responsible for electric and water utilities. Amenities: 1 Year Lease, Tenant Pays Electric And Water, 2 Bedrooms & 1bath.

1/8

Managed by Sagebrush Real Estate

$775

Apartment2 Beds2 Baths

905-907 N Ave K

Portales, NM 88130

This well-maintained 2-bedroom, 2-bath apartment in Portales, NM offers comfortable living with central heating and air and a fenced backyard. The unit is available on a 1-year lease; tenants are responsible for water, gas, and electricity. Convenient layout and outdoor space make this a practical choice for those seeking reliable climate control and a private yard in a residential setting. Amenities: 1 Year Lease & Tenant Pays Water Gas And Electricity.

1/5

New 3 days ago

Managed by Sagebrush Real Estate

$800

Apartment2 Beds1 Bath

715 W 1st

Portales, NM 88130

Well-maintained 2-bedroom, 1-bath apartment in Portales, NM featuring a fenced yard for outdoor use. The unit is offered on a 1-year lease; tenants are responsible for electric, water, and gas utilities. Mini split A/C/Heating, Newly painted, very clean and conveniently located near ENMU, this apartment provides a straightforward rental arrangement and outdoor space for your needs. Amenities: 1 Year Lease & Tenant pays Electric/Water/Gas.

1/8

New 2 days ago

Managed by Southwest Real Estate

$825

Apartment2 Beds1 Bath

613 N Ave Q

Portales, NM 88130

Welcome to your new home in Portales, NM. This spacious 2-bedroom, 1-bathroom apartment is conveniently located close to the ENMU campus, making it an ideal choice for those who value proximity to educational facilities. The apartment comes with a washer and dryer in the unit, ensuring your laundry needs are met without the hassle of shared facilities. All bills are included in the rent, providing you with a stress-free living experience. The kitchen is equipped with a stove and refrigerator, ready for you to prepare your favorite meals. Central heat and air ensure your comfort throughout the year.

1/8

New 2 days ago

Managed by Southwest Real Estate

$800

Apartment1 Bed1 Bath

109 N Ave I

Portales, NM 88130

Spacious 1 bedroom, 1 bathroom apartment located in Portales, NM. This home includes a washer and dryer in the unit and all bills are paid, offering added convenience and simplified monthly living. With a practical layout and the features listed, this apartment provides a comfortable option for those seeking a 1 bedroom, 1 bath residence. Amenities: Stove & All Bills Paid.

More rentals near Portales

Apartment for rent at 1013-1019 Cameo St, Clovis, NM 88101

1/10

Managed by First Place Leasing

$925

Apartment2 Beds1 Bath1,080 ft²

1013-1019 Cameo St

Clovis, NM 88101

This large 2 bedroom home features many great features, oversized bedrooms, walk in closet, decorative fireplace in living area, a separate laundry room, carport with storage room, lawns are maintained, many updates include windows, new solid surface flooring, new carpet, new 2 faux wood blinds, new appliances, updates in kitchen, new interior updated doors and trim, features central gas heat and central electric. cooling, lawns are maintained by landlord, ample parking. No pets. Amenities: Lawn Maintainted By Landlord.

23.2 miles away

Apartment for rent at 125 Gayland A & B, Clovis, NM 88101

1/10

New 5 days ago

Managed by Kathy Corn Realtors

$1,275

Apartment2 Beds2 Baths1,160 ft²

125 Gayland A & B

Clovis, NM 88101

Come see this expansive 2 bedroom, 2 bathroom apartment located at 125 Gayland Drive, Apt. A. This unit features a comfortable living area with electric fireplace for cozy evenings. Kitchen comes fully equipped with a stove, oven, microwave, refrigerator, dishwasher, and garbage disposal. Washer and dryer are included for added convenience. Enjoy the outdoor space with a private fenced backyard with grass yard and covered patio. Attached one-car garage and private driveway offer secure off-street parking. Tenant pays electricity and water. Owner pays sewer and garbage. Tenant responsible for fenced backyard landscaping. One-year lease. No pets.

23.3 miles away

Apartment for rent at 209-213 N Hall St, Clovis, NM 88101

1/8

New 4 hours ago

Managed by First Place Leasing

$1,195

Apartment2 Beds1 Bath900 ft²

209-213 N Hall St

Clovis, NM 88101

This 2-bedroom, 1-bath apartment in Clovis, NM offers a comfortable layout with practical features throughout. The home includes central heat and cooling, total electric service, granite counters, and solid surface flooring. This new apartment home is a well-rounded option with convenient amenities and a clean, modern finish. Amenities: Stove, Lawns Maintained & Upgraded Appliances.

23.4 miles away

Apartment for rent at 900 Axtell, Clovis, NM 88101

1/9

Managed by Colonial Real Estate

$850

Apartment1 Bed1 Bath782 ft²

900 Axtell

Clovis, NM 88101

This cozy 1 bedroom, 1 bathroom apartment is perfect for those seeking a convenient and comfortable living space. The unit comes equipped with a gas stove, washer, and dryer, making daily chores a breeze. The efficient layout maximizes space and functionality, providing a practical living environment. With all appliances included, you can move in and start enjoying your new home right away.

23.5 miles away

Viewing 1-20 of 20 rentals in and near Portales

What to Know About

Life in Portales & Beyond

Portales shares many of the great qualities that make New Mexico a desirable place to live.

New Mexico, known as the "Land of Enchantment," boasts a rich cultural heritage, stunning desert landscapes, and thriving arts and outdoor recreation. Learn about the state's fascinating history by visiting ancient Native American ruins, such as the remarkable Chaco Canyon and Aztec Ruins, or experience modern art museums, including the world-renowned Harwood Museum of Art and the Museum of International Folk Art. The state is also home to several prestigious universities, including New Mexico State University and the University of New Mexico.

Outdoor enthusiasts will find no shortage of opportunities for adventure in New Mexico, with endless options for hiking, camping, and skiing in the Sandia and Sacramento Mountains, as well as fishing and boating in Lake Powell and Elephant Butte Lake. In addition, be sure to explore some of the most iconic landscapes in the country, including the magnificent Carlsbad Caverns National Park and White Sands National Monument, and experience the historic charm of Taos.

New Mexico's unique blend of affordability, job opportunities, cultural heritage, natural beauty, and quality of life make it a great place to live. So whether you're seeking outdoor adventures, artistic inspiration, or a peaceful desert oasis, New Mexico has it all.

Rental Market Trends

Portales, NM

View full report

As of November 2026, Portales's rental market is stable, with rentals spending about 22 days on the market, about the same as in New Mexico (23), and rents down 2.6% over the past year. Portales's average rent is 36.4% ($577) lower than the New Mexico average of $1,587 and 50.4% ($1,026) lower than the U.S. average of $2,036.

Average Rent

$1,010

Monthly ChangeMonth Over Month Change

0.29% ($3)

Yearly ChangeYear Over Year Change

2.6% ($27)

Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$829	0.26% ($2)	1.8% ($15)
2 Beds	$908	0.13% ($1)	6.0% ($58)
3 Beds	$1,418	0.48% ($7)	3.7% ($50)

Based on rentals advertised on RentalSource in and around Portales.

Frequently Asked Questions

Portales Rental Market FAQs

Explore rental prices, market conditions, and affordability in Portales, NM.

What is the average rent in Portales, NM?

The average rent in Portales, NM is about $1,010 per month.

What is the average rent for different bedroom sizes in Portales, NM?

In Portales, the average rent is about $829 per month for a 1-bedroom apartment, about $908 for a 2-bedroom apartment and about $1,418 for a 3-bedroom apartment.

How do rent prices in Portales, NM compare with the national average?

The average rent in Portales is 50.4% ($1,026) lower than the national average of $2,036 per month.

How competitive is the rental market in Portales, NM?

The rental market in Portales, NM is currently stable, with rentals spending about 22 days on the market, about the same as in New Mexico (23), and rents down 2.6% over the past year.

Can I afford to rent an apartment in Portales, NM?

Based on the current averages, a household would need an annual income of about $36,300 to comfortably afford a 2-bedroom apartment in Portales.

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