Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (48 Rentals)

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

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Valley Apartments
$1,246 - $1,761
Total Monthly Price

Total Monthly Price

Base Rent
$1,162 - $1,677
Required Monthly Fees
$84

Total Monthly Price
$1,246 - $1,761
1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
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415 12th St NW
1 to 2 Bedroom Apartments

415 12th St NW

415 12th St NWAlbuquerque, NM 87102

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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204-210 12th St SW
1 Bedroom Apartments

204-210 12th St SW

204-210 12th St SWAlbuquerque, NM 87102
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311-319 12th St SW
1 to 2 Bedroom Apartments

311-319 12th St SW

311-319 12th St SWAlbuquerque, NM 87102
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909-911 Gold Ave SW
1 to 2 Bedroom Apartments

909-911 Gold Ave SW

909-911 Gold Ave SWAlbuquerque, NM 87102
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1413 Fruit Ave NW
1 Bedroom Apartments

1413 Fruit Ave NW

1413 Fruit Ave NWAlbuquerque, NM 87104
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201 11th St NW
Studio Apartments

201 11th St NW

201 11th St NWAlbuquerque, NM 87102
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1216 Gold Ave SW
Studio Apartments

1216 Gold Ave SW

1216 Gold Ave SWAlbuquerque, NM 87102
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1114 Gold Ave SW
Studio Apartments

1114 Gold Ave SW

1114 Gold Ave SWAlbuquerque, NM 87102

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.

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1100 Gold Ave SW
Studio Apartments

1100 Gold Ave SW

1100 Gold Ave SWAlbuquerque, NM 87102
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401 12th St SW
1 to 2 Bedroom Apartments

401 12th St SW

401 12th St SWAlbuquerque, NM 87102
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El Portal
1 Bedroom Apartments

El Portal

323 11th St NWAlbuquerque, NM 87102
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504 14th St SW
Studio Apartments

504 14th St SW

504 14th St SWAlbuquerque, NM 87102
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1107 Tijeras NW
Studio Apartments

1107 Tijeras NW

1107 Tijeras NWAlbuquerque, NM 87102

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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400 11th St NW
1 Bedroom Apartments

400 11th St NW

400 11th St NWAlbuquerque, NM 87102

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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400 12th St SW
Studio Apartments

400 12th St SW

400 12th St SWAlbuquerque, NM 87102
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401 14th St SW
Studio Apartments

401 14th St SW

401 14th St SWAlbuquerque, NM 87102
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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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Carousel
Studio Apartments

Carousel

401 14th StAlbuquerque, NM 87104
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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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Park Place
2 Bedroom Apartments

Park Place

1325 Park Ave SWAlbuquerque, NM 87102
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The Franz
Studio to 1 Bedroom Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104
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La Plata Manor
1 to 2 Bedroom Apartments

La Plata Manor

1221 Silver Ave SWAlbuquerque, NM 87102
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2412 Rice Ave NW
2 Bedroom Apartments

2412 Rice Ave NW

2412 Rice Ave NWAlbuquerque, NM 87104
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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

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Country Club Lofts
1 Bedroom Apartments

Country Club Lofts

1700 Central Ave SWAlbuquerque, NM 87104
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Rainbow Apartments
1 Bedroom Apartments

Rainbow Apartments

4600 Central Ave SWAlbuquerque, NM 87105
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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 Carousel 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 ListingModel NameBed/BathPriced From
Carousel0 Bedroom 1 Bath - 38720Studio,1BA$740
Silver Moon LodgeStudioStudio,1BA$897
Valley ApartmentsAzure Platinum1BR,1BA$1,246
The Artisan @ Sawmill Village1x1 Market 682 sq. ft.1BR,1BA$1,475
Monterey PlaceOne Bedroom1BR,1BA$1,550
Huning Castle ApartmentsBalmoral Building A & B1BR,1BA$1,750

Best Value Apartments for Rent in Old Town Albuquerque, NM

As of March 09, 2026 the best value apartment in the Old Town Albuquerque area is the $2.37 price per square foot One Bedroom Model at Monterey Place in the in the Alamosa neighborhood starting from $1,550. The second greatest value Old Town Albuquerque apartment is the Balmoral Building A & B Model at Huning Castle Apartments starting at $1,750 with a $2.83 price per square foot in the Silver Lofts 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.
Monterey PlaceOne Bedroom1BR,1BA$2.37
Huning Castle ApartmentsBalmoral Building A & B1BR,1BA$2.83
Valley ApartmentsAzure Platinum1BR,1BA$2.06
1204 Sawmill Rd NW1204 Sawmill Rd NW1BR,1BA$3.09
Carousel0 Bedroom 1 Bath - 38721Studio ,1BA$1.50
Silver Moon LodgeStudioStudio ,1BA$1.76
The Artisan @ Sawmill Village1x1 Market 420 sq.ft.1BR,1BA$3.51

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 $1,750.

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 $1,728.

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 22 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 $621 which is $1,107 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.

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