Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (19 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.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Valley Apartments
Rent Specials
$975 - $1,751
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,751

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers

Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

close
View Me
Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
close
View Me
Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

close
View Me
Rainbow Apartments
1 Bedroom Apartments

Rainbow Apartments

4600 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
close
View Me
The Franz
Studio to 1 Bedroom Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104
close
View Me
120 10th St NW
Studio to 3 Bedroom Apartments

120 10th St NW

120 10th St NWAlbuquerque, NM 87102
close
View Me
Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City

Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.

Old Town Albuquerque, Albuquerque, NM Local Guide

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 $775. 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 ListingModel NameBed/BathPriced From
Millennium FlatsUnit Type AStudio,1BA$775
Silver Moon LodgeStudioStudio,1BA$897
Valley ApartmentsAzure Platinum1BR,1BA$1,132
The Artisan @ Sawmill VillageRetail SpaceStudio,$1,190
Monterey PlaceOne Bedroom1BR,1BA$1,550

Best Value Apartments for Rent in Old Town Albuquerque, NM

As of July 24, 2026 the best value apartment in the Old Town Albuquerque area is the $2.16 price per square foot Dover Building A & B Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,195. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Huning Castle ApartmentsDover Building A & B2BR,2BA$2.16
Monterey PlaceOne Bedroom1BR,1BA$2.37
Valley ApartmentsAzure Platinum1BR,1BA$1.88
1204 Sawmill Rd NW1204 Sawmill Rd NW1BR,1BA$3.09
Silver Moon LodgeStudioStudio ,1BA$1.76
The Artisan @ Sawmill Village1x1 Market 420 sq.ft.1BR,1BA$2.98
Millennium FlatsUnit Type AStudio ,1BA$2.52

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

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Pet Friendly Lifestyle
Old Town Albuquerque, Albuquerque, NM

Ranked #220

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Old Town Albuquerque Apartments

What is the Cheapest Studio apartment in Old Town Albuquerque?

Currently the most affordable Cheap Studio Apartment in Old Town Albuquerque is at Millennium Flats listed at $775.

How much is rent for a Cheap One Bedroom Old Town Albuquerque Apartment?

The lowest price for a Cheap One Bedroom Old Town Albuquerque Apartment is $1,140 at Valley Apartments.

What is the lowest price for a Cheap Two Bedroom Old Town Albuquerque Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Town Albuquerque is starting from $1,169 at Valley Apartments.

What is the most affordable Old Town Albuquerque Three Bedroom Apartment?

The best deal on a cheap Old Town Albuquerque Three Bedroom Apartment rental is at The Artisan @ Sawmill Village and starts from $1,398.

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.

Helpful Local Expert Guides

decorative image for Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers   article

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

decorative image for Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City article

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

decorative image for The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach article

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

decorative image for A Local Expert's Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

A Local Expert's 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.