
Cheap Homes for Rent in Near North Valley Neighborhood of Albuquerque, NM from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Near North Valley area of Albuquerque.


117 40th St NW

522 14th St NW

1508 Edith Blvd NE

810 13th St NW
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.

505 Los Arboles Ave NW

816 13th St NW

1506 Edith Blvd NE

702 Fruit Ave NW

706 Fruit Ave NW
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.

300 Tijeras Ave NE, Unit 407
Near North Valley, Albuquerque, NM Local Guide

How much does it cost to rent a home in Near North Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near North Valley 2 Bedroom Homes for Rent | $2,005 | $1,095 | $5,200 |
| Near North Valley 3 Bedroom Homes for Rent | $2,276 | $1,725 | $3,195 |
| Near North Valley 4 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Near North Valley Neighborhood of Albuquerque, NM.
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Near North Valley, Albuquerque, NM Local Guide
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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 $790. Here are the most affordable Near North Valley apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Union 505 | Studio | Studio,1BA | $817 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| 505 Central Lofts | Studio | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Near North Valley, NM
As of April 24, 2026 the best value apartment in the Near North Valley area is the $1.67 price per square foot 817 Slate Ave NW Model at 817 Slate Ave NW, Unit 817 in the in the Hunning Highland neighborhood starting from $2,000. The second greatest value Near North Valley apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $1,895 with a $1.75 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 817 Slate Ave NW, Unit 817 | 817 Slate Ave NW | 2BR,1BA | $1.67 |
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.75 |
| 1400 Sigma Chi Rd NE, Unit East wing apartment | 1400 Sigma Chi Rd NE | 1BR,1BA | $1.89 |
| Poblana Place | D 1/1 | 1BR,1BA | $1.80 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.35 |
| Cresta North Valley | Renovated | 1BR,1BA | $1.96 |
| Peaks at Sandia View | 1x1R-638 | 1BR,1BA | $1.68 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.93 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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 ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Near North Valley, Albuquerque, NM
School data provided by Great Schools
Frequently Asked Questions about Near North Valley
What type of rentals are currently available in Near North Valley?
There are currently 164 Apartments for Rent in Near North Valley, NM with pricing that ranges from $695 to $2,472. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North Valley ranging from $1,045 to $5,200.
What is the current price range for Rental Homes in Near North Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North Valley ranges from $1,045 to $5,200 with an average monthly rent of $1,775.
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.
Articles, How-To's, and Tips

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.