Cheap Apartments for Rent in the Del Rey Neighborhood of Albuquerque, NM from $500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

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

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

Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

Read Article
close
View Me
San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-34, 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 Studio unit found at Desert Creek Apartments priced from $575. San Pedro Village has the second lowest priced unit, which is a Studio apartment currently listed from $855. 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$575
San Pedro VillageAcoma StudioStudio,1BA$855
Canyon Crest0 Bedroom 1 BathroomStudio,1BA$860
Cloverleaf ApartmentsFurnished StudioStudio,1BA$950
Montecito0BD, 1BTH Studio,1BA$959
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$964
Via Apartments1 bedroom 1 bathroom TC1BR,1BA$964
Arroyo VistaOne Bedroom1BR,1BA$971
North Park ApartmentsBirch1BR,1BA$985
Tesota MorningsideA1AR1BR,1BA$999

Best Value Apartments for Rent in Del Rey, NM

As of June 28, 2025 the best value apartment in the Del Rey area is the $1.28 price per square foot 3 Bedroom 2 Bath Model at Sun Pointe Park Apartments in the in the North Valley neighborhood starting from $1,275. The second greatest value Del Rey apartment is the C1 Renovated Model at Canoan Village starting at $1,575 with a $1.58 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sun Pointe Park Apartments3 Bedroom 2 Bath3BR,2BA$1.28
Canoan VillageC1 Renovated2BR,2BA$1.58
Mont 44 Apartments2 bedroom 2 bath Renovated MKT2BR,1BA$1.45
Casa TierraB12BR,1BA$1.48
Sierra MeadowsTwo Bedroom A2BR,1BA$1.53
Arroyo VistaTwo Bedroom, Two Bath (A)2BR,2BA$1.48
Tesoro on SpainA21BR,1BA$1.44
MiloMadrid Platinum1BR,1BA$1.45
Candlelight SquareDesert Willow1BR,1BA$1.61
North Park ApartmentsBirch1BR,1BA$1.54

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Del Rey, Albuquerque, NM

Ranked #13

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $999.

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

The cheapest apartment in Del Rey is Mont 44 Apartments which is listed at $964, while the average apartment in Del Rey costs $1,937.

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 27 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 $174 which is $1,763 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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.