Cheap Apartments for Rent in the Near North Valley Neighborhood of Albuquerque, NM from $400 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near North Valley area of Albuquerque.

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Union 505
Rent Specials
$756 - $2,614
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Total Monthly Price

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$756 - $2,614

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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Affordability
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Valley Apartments
$981 - $1,498
Total Monthly Price

Total Monthly Price

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$981 - $1,498

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Nine-O-Nine Apartments
Rent Specials
$1,195 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,395

Total Monthly Price
$1,195 - $1,395
1 to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
Transit Friendly
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Calle Cuarta
Studio to 3 Bedroom Apartments

Calle Cuarta

3525 4th St NWAlbuquerque, NM 87107
  • Utilities Included

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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1420 4th St NW
1 to 2 Bedroom Apartments

1420 4th St NW

1420-1422 4th St NWAlbuquerque, NM 87102
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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
  • Utilities Included
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210 High St NE
Studio to 1 Bedroom Apartments

210 High St NE

210 High St NEAlbuquerque, NM 87102
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included
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Aztec Manor
1 to 2 Bedroom Apartments

Aztec Manor

403 Aztec Rd NWAlbuquerque, NM 87107
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Downtown @ 700
Studio Apartments

Downtown @ 700

700 2nd St NWAlbuquerque, NM 87102

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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The Crossroads
Studio Apartments

The Crossroads

315 Central Ave NWAlbuquerque, NM 87102
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Faraday
2 Bedroom Apartments

Faraday

4322 4th St NWAlbuquerque, NM 87107
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The Franz
Studio to 1 Bedroom Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104
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Fourth Street Flats
Studio to 2 Bedroom Apartments

Fourth Street Flats

4419 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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120 10th St NW
Studio to 3 Bedroom Apartments

120 10th St NW

120 10th St NWAlbuquerque, NM 87102

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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Cresta North Valley
Studio to 2 Bedroom Apartments

Cresta North Valley

3308 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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Anthea
1 to 3 Bedroom Apartments

Anthea

950 4th St NWAlbuquerque, NM 87102

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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Poblana Place
Studio to 2 Bedroom Apartments

Poblana Place

2818 4th St NWAlbuquerque, NM 87107

Near North Valley, Albuquerque, NM Local Guide

Cheapest Available Near North Valley Apartments for Rent

 

The cheapest available apartment rental in the Near North Valley area of Albuquerque, NM is a Studio unit found at Union 505 priced from $756. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Near North Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$756
Millennium FlatsUnit Type AStudio,1BA$775
Silver Moon LodgeStudioStudio,1BA$897
Peaks at Sandia View1x1R-6381BR,1BA$999
Valley ApartmentsAzure Platinum1BR,1BA$1,096
The Artisan @ Sawmill VillageRetail SpaceStudio,$1,190
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1,195
Cresta North ValleyRenovated1BR,1BA$1,225
505 Central LoftsStudioStudio,1BA$1,300
Siegel Select Albuquerque IStudio SuiteStudio,1BA$1,363

Best Value Apartments for Rent in Near North Valley, NM

As of July 08, 2026 the best value apartment in the Near North Valley area is the $1.76 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $1,900. The second greatest value Near North Valley apartment is the F 2/2 Model at Poblana Place starting at $1,895 with a $1.83 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Near North Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas @ Rio2BR/2.0BA2BR,2BA$1.76
Poblana PlaceF 2/22BR,2BA$1.83
Huning Castle ApartmentsDover Building A & B2BR,2BA$2.12
505 Central LoftsStudioStudio ,1BA$1.76
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.68
Cresta North ValleyRenovated1BR,1BA$1.75
Monterey PlaceOne Bedroom1BR,1BA$2.37
Peaks at Sandia View1x1-6381BR,1BA$1.57
Valley ApartmentsAzure Platinum1BR,1BA$1.81
Silver Moon LodgeStudioStudio ,1BA$1.76

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Albuquerque. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Near North Valley Apartments

What is the Cheapest Studio apartment in Near North Valley?

Currently the most affordable Cheap Studio Apartment in Near North Valley is at Union 505 listed at $756.

How much is rent for a Cheap One Bedroom Near North Valley Apartment?

The lowest price for a Cheap One Bedroom Near North Valley Apartment is $990 at Union 505.

What is the lowest price for a Cheap Two Bedroom Near North Valley Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Near North Valley is starting from $1,133 at Valley Apartments.

What is the most affordable Near North Valley Three Bedroom Apartment?

The best deal on a cheap Near North Valley Three Bedroom Apartment rental is at The Artisan @ Sawmill Village and starts from $1,398.

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

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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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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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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

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Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

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I still recollect my first morning commute in Albuquerque.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.