Cheap Apartments for Rent in the Del Rey Neighborhood of Albuquerque, NM from $500 (36 Rentals)

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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.

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Milo
Rent Specials
$1,008 - $1,3751 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
Pet Friendly
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  • Matterport 3D Tour

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.

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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.

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-36, Page 1 of 1

Del Rey, Albuquerque, NM Local Guide

Cheapest Available Del Rey Apartments for Rent

 

The cheapest available apartment rental in the Del Rey area of Albuquerque, NM is a 1 Bed unit found at Canyon Crest priced from $799. Candlelight Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Del Rey apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Canyon Crest1 Bedroom 1 Bathroom1BR,1BA$799
Candlelight SquareDesert Willow1BR,1BA$895
Chelsea Village ApartmentsKaloSolo1BR,1BA$900
Sunchase ApartmentsJr 1x11BR,1BA$905
Tesota MorningsideA1A1BR,1BA$915
Acacia GardensTaos Classic1BR,1BA$925
Treehouse ApartmentsWillowStudio,1BA$959
Canoan VillageA1Studio,1BA$965
Arroyo VistaOne Bedroom1BR,1BA$971
North Park ApartmentsBirch1BR,1BA$985

Best Value Apartments for Rent in Del Rey, NM

As of November 30, 2025 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 The Arabian Model at Desert Creek Apartments starting at $1,618 with a $1.28 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.
Via Apartments3 bedroom 2 bathroom TC3BR,2BA$1.02
Desert Creek ApartmentsThe Arabian3BR,2BA$1.28
Sierra MeadowsTwo Bedroom A2BR,1BA$1.46
Desert WillowSonoma2BR,2BA$1.37
Wyoming Place Apartments1 Bed B1BR,1BA$1.41
Canyon Crest1 Bedroom 1 Bathroom1BR,1BA$1.05
MiloMadrid Platinum1BR,1BA$1.34
Arroyo VistaOne Bedroom1BR,1BA$1.34
Sunset PointeSM1X11BR,1BA$1.45
Chelsea Village ApartmentsKaloSolo1BR,1BA$1.45

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
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Del Rey, Albuquerque, NM

Ranked #28

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Del Rey Neighborhood in Albuquerque, NM

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

19 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $985.

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

The cheapest apartment in Del Rey is Canyon Crest which is listed at $799, while the average apartment in Del Rey costs $1,920.

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 17 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 $116 which is $1,804 cheaper than the average rent for all rentals in Del Rey.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.