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$790 - $820Studio Apartments Available Now
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town Albuquerque area of Albuquerque.
401 14th St NW
AlbuquerqueNM87104
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$840 - $1,500Studio to 3 Bedroom Apartments Contact Us For Availability
The Beach
2525 Tingley Dr SWAlbuquerque, NM 87104
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$897 - $956Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, NM 87102
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$1,170 - $1,685
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,170 - $1,685
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Valley Apartments
1812 Indian School Rd NWAlbuquerque, NM 87104
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$1,190 - $1,800Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
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.
300 San Pasquale Ave NW
AlbuquerqueNM87104
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1 Bedroom Apartments
Arcadia Courtyard
1020 Park Ave SWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
Villa Nueva Senior Apartments
990 18th St NWAlbuquerque, NM 87104
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Studio Apartments
Carousel
401 14th StAlbuquerque, NM 87104
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1 to 3 Bedroom Apartments
Sawmill Lofts
1801 Bellamah Ave NWAlbuquerque, NM 87104
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1 Bedroom Apartments
Rainbow Apartments
4600 Central Ave SWAlbuquerque, NM 87105
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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Studio to 1 Bedroom Apartments
The Franz
1716 Central Ave NWAlbuquerque, NM 87104
117 40th St NW
AlbuquerqueNM87105
522 14th St NW
AlbuquerqueNM87104
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1 to 2 Bedroom Apartments
Old Town Casitas
200 Rio Grande Blvd SWAlbuquerque, NM 87104
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Studio to 3 Bedroom Apartments
120 10th St NW
120 10th St NWAlbuquerque, NM 87102
810 13th St NW
AlbuquerqueNM87102
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.
Showing Results 1-18, Page 1 of 1
Old Town Albuquerque, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Old Town Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town Albuquerque Studio Apartments | $915 | $790 | $1,500 |
| Old Town Albuquerque 1 Bedroom Apartments | $1,225 | $950 | $1,850 |
| Old Town Albuquerque 2 Bedroom Apartments | $1,596 | $1,150 | $2,325 |
| Old Town Albuquerque 3 Bedroom Apartments | $1,616 | $1,398 | $1,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the Old Town Albuquerque Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Old Town Albuquerque, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
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Cheapest Available Old Town Albuquerque Apartments for Rent
The cheapest available apartment rental in the Old Town Albuquerque area of Albuquerque, NM is a Studio unit found at Millennium Flats priced from $790. Silver Moon Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $897. Here are the most affordable Old Town Albuquerque apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1,170 |
| The Artisan @ Sawmill Village | Retail Space | Studio, | $1,190 |
| 228 16th St NW | Studios | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Old Town Albuquerque, NM
As of April 24, 2026 the best value apartment in the Old Town Albuquerque area is the $2.06 price per square foot Lancaster Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,050. The second greatest value Old Town Albuquerque apartment is the One Bedroom Model at Monterey Place starting at $1,550 with a $2.37 price per square foot in the Alamosa neighborhood. Here is today’s list of the best values for Old Town Albuquerque apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Huning Castle Apartments | Lancaster | 2BR,2BA | $2.06 |
| Monterey Place | One Bedroom | 1BR,1BA | $2.37 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.93 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| The Artisan @ Sawmill Village | 1x1 Market 420 sq.ft. | 1BR,1BA | $3.51 |
| 228 16th St NW | 1BR | 1BR,1BA | $3.75 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.56 |
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.
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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 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.
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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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Pet Friendly LifestyleOld Town Albuquerque, Albuquerque, NM
Ranked #227
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Old Town Albuquerque Apartments
What is a cheap apartment in Old Town Albuquerque?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town Albuquerque is under $2,050.
What is the price of a cheap apartment in Old Town Albuquerque?
The cheapest apartment in Old Town Albuquerque is Silver Moon Lodge which is listed at $956, while the average apartment in Old Town Albuquerque costs $1,685.
What types of apartments are the cheapest in Old Town Albuquerque?
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 Old Town Albuquerque 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 Old Town Albuquerque?
Cheap apartments in Old Town Albuquerque have an average cost of $658 which is $1,027 cheaper than the average rent for all rentals in Old Town Albuquerque.
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.