Cheap Apartments for Rent in the Near North Valley Neighborhood of Albuquerque, NM from $500 (22 Rentals)

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

property at 208 High St NE

208 High St NE

AlbuquerqueNM87102
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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
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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
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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

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 210 High St NE priced from $735. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Near North Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Millennium FlatsUnit Type AStudio,1BA$765
Union 505StudioStudio,1BA$810
Silver Moon LodgeStudioStudio,1BA$897
Valley ApartmentsAzure Platinum1BR,1BA$919

Best Value Apartments for Rent in Near North Valley, NM

As of November 11, 2025 the best value apartment in the Near North Valley area is the $1.92 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $2,075. The second greatest value Near North Valley apartment is the Type C Model at Griegos Farms starting at $2,450 with a $2.29 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$1.92
Griegos FarmsType C2BR,2BA$2.29
Cresta North Valley2 bed/2 bath2BR,2BA$1.39
Huning Castle ApartmentsLancaster2BR,2BA$2.10
Valley ApartmentsGrand Platinum3BR,2BA$1.58
Poblana PlaceM 1/11BR,1BA$1.99
Peaks at Sandia View1x1R-6381BR,1BA$1.53
Silver Moon LodgeStudioStudio ,1BA$1.76
210 High St NE0 Beds, 1 BathsStudio ,1BA$1.47
Nine-O-Nine ApartmentsStudioStudio ,1BA$2.26

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Near North Valley, Albuquerque, NM

Ranked #170

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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!

Getting Around the Near North Valley Neighborhood in Albuquerque, NM

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

78 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Near North Valley Apartments

What is a cheap apartment in Near North Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near North Valley is under $1,450.

What is the price of a cheap apartment in Near North Valley?

The cheapest apartment in Near North Valley is 210 High St NE which is listed at $895, while the average apartment in Near North Valley costs $2,195.

What types of apartments are the cheapest in Near North Valley?

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 18 regular apartments in Near North Valley 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 Near North Valley?

Cheap apartments in Near North Valley have an average cost of $461 which is $1,734 cheaper than the average rent for all rentals in Near North Valley.

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 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.

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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! 

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

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.