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from $1,1511 to 3 Bedroom Apartments Available Now
Valley Apartments
1800-1812 Indian School Rd NWAlbuquerque, NM 87104
Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town Albuquerque area of Albuquerque.
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from $2,0951 to 3 Bedroom Apartments Available Jul 18
Huning Castle Apartments
1500 Central Ave SWAlbuquerque, NM 87104
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from $740Studio Apartments Available Now
Millennium Flats - Washer-Dryer Included
1020 Central Ave SWAlbuquerque, NM 87102
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from $840Studio to 3 Bedroom Apartments Contact Us For Availability
The Beach
2525 Tingley Dr SWAlbuquerque, NM 87104
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi
Showing Results 1-24, 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 | $890 | $740 | $1,120 |
| Old Town Albuquerque 1 Bedroom Apartments | $1,126 | $950 | $1,400 |
| Old Town Albuquerque 2 Bedroom Apartments | $1,494 | $1,150 | $2,095 |
| Old Town Albuquerque 3 Bedroom Apartments | $1,767 | $1,500 | $2,595 |
Browse Apartments in this Neighborhood
There are currently 24 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
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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 - Washer-Dryer Included priced from $740. 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 - Washer-Dryer Included | Studio | Studio,1BA | $740 |
| Silver Moon Lodge | Studio 2 | Studio,1BA | $897 |
| The Artisan @ Sawmill Village | Retail Space | Studio, | $1,120 |
| Valley Apartments | River Platinum | 2BR,1BA | $1,194 |
Best Value Apartments for Rent in Old Town Albuquerque, NM
As of July 07, 2025 the best value apartment in the Old Town Albuquerque area is the $1.52 price per square foot River Platinum Model at Valley Apartments in the in the Rancho Encantado neighborhood starting from $1,188. The second greatest value Old Town Albuquerque apartment is the 1x1 Market 647 sq.ft. Model at The Artisan @ Sawmill Village starting at $1,350 with a $2.09 price per square foot in the Rancho Encantado 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. |
|---|---|---|---|
| Valley Apartments | River Platinum | 2BR,1BA | $1.52 |
| The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
| Silver Moon Lodge | Studio 2 | Studio ,1BA | $2.00 |
| Millennium Flats - Washer-Dryer Included | Studio | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOld Town Albuquerque, Albuquerque, NM
Ranked #119
Among neighborhoods in Albuquerque, NM 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 $1,194.
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 13 regular apartments in Old Town Albuquerque that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.