Cheap Apartments for Rent in the Del Rey Neighborhood of Albuquerque, NM from $500 (27 Rentals)

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

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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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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Milo
Rent Specials
$1,017 - $1,3751 to 2 Bedroom Apartments Available Now

Milo

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

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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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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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included
Showing Results 1-27, 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 $699. San Pedro Village has the second lowest priced unit, which is a Studio apartment currently listed from $865. Here are the most affordable Del Rey apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsThe SonoranStudio,1BA$699
San Pedro VillageAcoma StudioStudio,1BA$865
Montecito0BD, 1BTH Studio,1BA$899
Villas de la TerrazaStudioStudio,1BA$924
AYA ABQDurango1BR,1BA$936
Desert WillowMadera1BR,1BA$964
Arroyo VistaOne Bedroom1BR,1BA$971
North Park ApartmentsBirch1BR,1BA$985
Acacia GardensTaos Classic1BR,1BA$995
Calero1X1 Reno1BR,1BA$1,003

Best Value Apartments for Rent in Del Rey, NM

As of October 15, 2025 the best value apartment in the Del Rey area is the $1.47 price per square foot B4 Model at Allaso Journal Center in the in the Baloon Fiesta Park neighborhood starting from $1,691. The second greatest value Del Rey apartment is the 2 Bedroom 2 Bathroom Model at Canyon Crest starting at $1,234 with a $1.13 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.
Allaso Journal CenterB42BR,2BA$1.47
Canyon Crest2 Bedroom 2 Bathroom2BR,2BA$1.13
Via Apartments2 bedroom 1 bathroom TC2BR,1BA$1.15
Mont 44 Apartments2 bedroom 1 bath MKT2BR,1BA$1.22
1/2 OFF FIRST MONTHS RENT - APPLICATION FE...1BR/1.0BA1BR,1BA$1.45
MiloMadrid Platinum1BR,1BA$1.36
Arroyo VistaOne Bedroom1BR,1BA$1.34
Sunset PointeSM1X11BR,1BA$1.45
Wyoming Place Apartments1 Bed A1BR,1BA$1.45
Calero1X1 Reno1BR,1BA$1.49

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 #21

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 $1,003.

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

The cheapest apartment in Del Rey is Desert Creek Apartments which is listed at $775, while the average apartment in Del Rey costs $1,950.

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 14 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 $246 which is $1,704 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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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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.