Park Place
3245 E University Ave,
Las Cruces, NM 88011
$995 - $1,450
1-3 Beds
Since its inception in 1888, New Mexico State University has served as a pioneering institution for the state and the region. While offering academic and research opportunities in a diverse range of fields, the university remains heavily focused on fields related to engineering and agriculture, even adopting the nickname “Aggies” for is sports teams.
The campus occupies the far southeast corner of Las Cruces, where the cityscape starts to blend into the surrounding desert. Mostly surrounded by residential neighborhoods, the area closest to the university is packed with affordable apartments and houses, though the restaurant and bar scene is limited to a few popular hangouts along University Avenue (Dublin’s Street Pub, Milagro Coffee) and Locust Street (Burger Time, Spirit Winds Coffee Bar).
Living near the university, you will be able to enjoy stunning views of the nearby mountains every day, and you’ll be just a short drive away from gorgeous nature preserves like Organ Mountain and White Sands National Monument. The location at the interchange between Interstate 10 and Interstate 25 makes it easy to hit the road for a long weekend.
As of October 2025, the average apartment rent in Las Cruces, NM is $670 for a studio, $1,002 for one bedroom, $1,148 for two bedrooms, and $1,333 for three bedrooms. Apartment rent in Las Cruces has increased by 1.3% in the past year.
Studio
384 sq ft
Average Sq Ft
$670/month
Average Rent
1 BR
689 sq ft
Average Sq Ft
$1,002/month
Average Rent
2 BR
914 sq ft
Average Sq Ft
$1,148/month
Average Rent
3 BR
1,168 sq ft
Average Sq Ft
$1,333/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Public
Grades PK-5
559 Students
Public
Grades PK-5
446 Students
Public
Grades PK-8
275 Students
Public
Grades PK-5
422 Students
Public
Grades PK-5
744 Students
Public
Grades 6-8
965 Students
Public
Grades PK-8
275 Students
Public
Grades 6-8
799 Students
Public
Grades 6-8
727 Students
Public
Grades 6-8
688 Students
Public
Grades 9-12
1,421 Students
Public
Grades 9-12
1,980 Students
Public
Grades 9-12
1,787 Students
Public
Grades 9-12
1,615 Students
Public
Grades 9-12
327 Students
3,411
Communities
944,655
Units
869
Cities
703
Communities
191,703
Units
326
Cities
672
Communities
132,497
Units
264
Cities
622
Communities
168,018
Units
245
Cities
622
Communities
106,854
Units
220
Cities
523
Communities
121,411
Units
264
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.