Cheap Apartments for Rent in the Northeast Valley Neighborhood of Albuquerque, NM from $600 (33 Rentals)

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

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included
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Faraday
2 Bedroom Apartments

Faraday

4322 4th St NWAlbuquerque, NM 87107
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Kromer House
1 Bedroom Apartments

Kromer House

1024 El Pueblo Rd NWAlbuquerque, NM 87114
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Paseo Del Sol
1 to 3 Bedroom Apartments

Paseo Del Sol

291 El Pueblo Rd NWAlbuquerque, NM 87114
  • Utilities Included
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Villa Esperanza
1 to 4 Bedroom Apartments

Villa Esperanza

3901 Lafayette DrAlbuquerque, NM 87107
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Fourth Street Flats
Studio to 2 Bedroom Apartments

Fourth Street Flats

4419 4th St NWAlbuquerque, NM 87107
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Theta Apartments
1 to 2 Bedroom Apartments

Theta Apartments

3900 Tulane Dr NEAlbuquerque, NM 87107
Showing Results 1-33, Page 1 of 1

Northeast Valley, Albuquerque, NM Local Guide

Cheapest Available Northeast Valley Apartments for Rent

 

The cheapest available apartment rental in the Northeast Valley area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $720. Comanche Wells has the second lowest priced unit, which is a Studio apartment currently listed from $762. Here are the most affordable Northeast Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsThe SonoranStudio,1BA$720
Comanche WellsS1Studio,1BA$762
Rock CreekStudioStudio,1BA$845
San Pedro VillageAcoma StudioStudio,1BA$865
El Paseo ApartmentsOne-Bedroom1BR,1BA$956
Desert WillowMadera1BR,1BA$964
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$964
North Park ApartmentsBirch1BR,1BA$985
AYA ABQDurango1BR,1BA$988
Tesota MorningsideA1AR1BR,1BA$999

Best Value Apartments for Rent in Northeast Valley, NM

As of October 04, 2025 the best value apartment in the Northeast Valley area is the $1.66 price per square foot 3x2 (Medium) Model at Horizon Village Rental Homes in the in the Baloon Fiesta Park neighborhood starting from $2,875. The second greatest value Northeast Valley apartment is the 2B Loft Model at The Aspens starting at $1,525 with a $1.42 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Northeast Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon Village Rental Homes3x2 (Medium)3BR,2BA$1.66
The Aspens2B Loft2BR,2BA$1.42
Theta ApartmentsKaloDuo2BR,2BA$1.19
1/2 OFF FIRST MONTHS RENT - APPLICATION FE...1BR/1.0BA1BR,1BA$1.45
Sun PlazaTopaz Platinum2BR,1.5BA$1.41
Casa TierraA11BR,1BA$1.58
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$1.35
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1.59
North Park ApartmentsBirch1BR,1BA$1.54
Desert Creek ApartmentsThe SonoranStudio ,1BA$1.58

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
Northeast Valley, Albuquerque, NM

Ranked #79

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Northeast Valley Neighborhood in Albuquerque, NM

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

4 / 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 Northeast Valley Apartments

What is a cheap apartment in Northeast Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northeast Valley is under $999.

What is the price of a cheap apartment in Northeast Valley?

The cheapest apartment in Northeast Valley is Desert Creek Apartments which is listed at $785, while the average apartment in Northeast Valley costs $1,650.

What types of apartments are the cheapest in Northeast 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 23 regular apartments in Northeast 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 Northeast Valley?

Cheap apartments in Northeast Valley have an average cost of $193 which is $1,457 cheaper than the average rent for all rentals in Northeast 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.

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.