
Cheap Apartments for Rent in the Del Rey Neighborhood of Albuquerque, NM from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Del Rey area of Albuquerque.


Canyon Crest

Casa Del Arroyo Apartments

San Pedro Village

Via Apartments

Candlelight Square

Montecito

Sunchase Apartments
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Mont 44 Apartments

Total Monthly Price
Tesota Morningside

Acacia Gardens

Arroyo Vista

North Park Apartments

The Lakes

Villas de la Terraza

Wyoming Place Apartments
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Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

Woodberry Heights

Total Monthly Price
Milo

Sunset Pointe

Desert Willow

Total Monthly Price
Canoan Village

Academy Heights Apartments

Silverado

Total Monthly Price
Calero
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Total Monthly Price
AYA ABQ

Oak Tree Park

Telegraph Hill

Tesoro on Spain

Total Monthly Price
Casa Tierra

Indigo Park

Total Monthly Price
Spring Park

Total Monthly Price
Sun Plaza
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Total Monthly Price
Sierra Meadows

San Mateo Suites

Lincoln Place

Chelsea Village Apartments

Treehouse

Norte Villas Apartments

Sun Pointe Park Apartments

1/2 OFF FIRST MONTHS RENT
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Spain Townhomes
Del Rey, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Del Rey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Del Rey Studio Apartments | $1,235 | $728 | $1,815 |
| Del Rey 1 Bedroom Apartments | $1,396 | $838 | $2,430 |
| Del Rey 2 Bedroom Apartments | $1,608 | $945 | $3,061 |
| Del Rey 3 Bedroom Apartments | $1,820 | $1,166 | $2,950 |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Del Rey Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Cheapest Available Del Rey Apartments for Rent
 The cheapest available apartment rental in the Del Rey area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $728. Casa Del Arroyo Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Del Rey apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $728 |
| Casa Del Arroyo Apartments | 1bd/1ba | 1BR,1BA | $850 |
| San Pedro Village | Acoma Studio | Studio,1BA | $885 |
| Candlelight Square | Silver Sage | 1BR,1BA | $899 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
| Mont 44 Apartments | 1 Bedroom, 1 Bathroom TC | 1BR,1BA | $914 |
| Montecito | 1BD, 1BTH B | 1BR,1BA | $945 |
| Via Apartments | 2 bedroom 1 bathroom TC | 2BR,1BA | $950 |
| Treehouse | Willow | Studio,1BA | $959 |
| Canyon Crest | 0 Bedroom 1 Bathroom | Studio,1BA | $959 |
Best Value Apartments for Rent in Del Rey, NM
As of June 06, 2026 the best value apartment in the Del Rey area is the $1.02 price per square foot 3 bedroom 2 bathroom TC Model at Via Apartments in the in the North Valley neighborhood starting from $1,331. The second greatest value Del Rey apartment is the KaloDuo Model at Chelsea Village Apartments starting at $1,200 with a $1.39 price per square foot in the Northeast Quadrant neighborhood. Here is today’s list of the best values for Del Rey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Via Apartments | 3 bedroom 2 bathroom TC | 3BR,2BA | $1.02 |
| Chelsea Village Apartments | KaloDuo | 2BR,1BA | $1.39 |
| Tesota Morningside | B2AR | 2BR,1BA | $1.44 |
| 1/2 OFF FIRST MONTHS RENT | 1BR/1.0BA | 1BR,1BA | $1.42 |
| Desert Willow | Sonoma | 2BR,2BA | $1.52 |
| Arroyo Vista | Two Bedroom | 2BR,1BA | $1.48 |
| Wyoming Place Apartments | 1 Bed B | 1BR,1BA | $1.43 |
| Sunset Pointe | SM1X1 | 1BR,1BA | $1.45 |
| Woodberry Heights | 1x1C | 1BR,1BA | $1.47 |
| Casa Del Arroyo Apartments | 1bd/1ba | 1BR,1BA | $1.36 |
Frequently Asked Questions about Cheap Del Rey Apartments
What is a cheap apartment in Del Rey?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Del Rey is under $959.
What is the price of a cheap apartment in Del Rey?
The cheapest apartment in Del Rey is Casa Del Arroyo Apartments which is listed at $850, while the average apartment in Del Rey costs $1,815.
What types of apartments are the cheapest in Del Rey?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 28 regular apartments in Del Rey that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Del Rey?
Cheap apartments in Del Rey have an average cost of $367 which is $1,448 cheaper than the average rent for all rentals in Del Rey.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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