Cheap Apartments for Rent in the Del Rey Neighborhood of Albuquerque, NM from $500 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Del Rey area of Albuquerque.

The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

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.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-37, Page 1 of 1

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 $547. Canyon Crest has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Del Rey apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$547
Canyon Crest0 Bedroom 1 BathroomStudio,1BA$745
Via ApartmentsStudio TCStudio,1BA$801
Acacia GardensTaos Classic1BR,1BA$835
Sunchase ApartmentsJr 1x11BR,1BA$905
Chelsea Village ApartmentsKaloSolo1BR,1BA$910
Treehouse ApartmentsWillowStudio,1BA$934
Candlelight SquareSilver Sage1BR,1BA$950
Tesota MorningsideA1AR1BR,1BA$950
Villas de la TerrazaStudioStudio,1BA$950

Best Value Apartments for Rent in Del Rey, NM

As of January 16, 2026 the best value apartment in the Del Rey area is the $1.33 price per square foot 2 Bedroom 2 Bath Model at Enclave in the in the Northeast Quadrant neighborhood starting from $1,499. The second greatest value Del Rey apartment is the 1BR/1.0BA Model at 1/2 OFF FIRST MONTHS RENT starting at $1,080 with a $1.25 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Del Rey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Enclave2 Bedroom 2 Bath2BR,2BA$1.33
1/2 OFF FIRST MONTHS RENT1BR/1.0BA1BR,1BA$1.25
Canyon Crest2 Bedroom 2 Bathroom2BR,2BA$1.44
Tesoro on SpainA21BR,1BA$1.50
MiloMadrid Platinum1BR,1BA$1.41
Arroyo VistaOne Bedroom1BR,1BA$1.34
Sunset PointeSM1X11BR,1BA$1.45
Wyoming Place Apartments1 Bed A1BR,1BA$1.45
Woodberry Heights1x1B1BR,1BA$1.47
Academy Heights Apartments1 Bedr / 1 Bath1BR,1BA$1.50

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 $950.

What is the price of a cheap apartment in Del Rey?

The cheapest apartment in Del Rey is Canyon Crest which is listed at $749, while the average apartment in Del Rey costs $1,800.

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 54 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 $255 which is $1,545 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.

Articles, How-To's, and Tips

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.