Cheap Homes for Rent in Near North Valley Neighborhood of Albuquerque, NM from $1,000 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1508 Edith Blvd NE

$1,100 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,650

Total Monthly Price
$1,100 - $1,650

Studio To 2 Bedroom Homes for Rent

Available Now

1508 Edith Blvd NE

AlbuquerqueNM87102

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.

property at 1506 Edith Blvd NE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 Edith Blvd NE

AlbuquerqueNM87102

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.

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 $790. 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$790
Union 505StudioStudio,1BA$817
Silver Moon LodgeStudioStudio,1BA$897
505 Central LoftsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
817 Slate Ave NW, Unit 817817 Slate Ave NW2BR,1BA$1.67
Villas @ Rio2BR/2.0BA2BR,2BA$1.75
1400 Sigma Chi Rd NE, Unit East wing apartment1400 Sigma Chi Rd NE1BR,1BA$1.89
Poblana PlaceD 1/11BR,1BA$1.80
505 Central LoftsStudioStudio ,1BA$1.35
Cresta North ValleyRenovated1BR,1BA$1.96
Peaks at Sandia View1x1R-6381BR,1BA$1.68
Valley ApartmentsAzure Platinum1BR,1BA$1.93
Silver Moon LodgeStudioStudio ,1BA$1.76
210 High St NE0 Beds, 1 BathsStudio ,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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

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

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.