
Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town Albuquerque area of Albuquerque.


Total Monthly Price
Valley Apartments

Monterey Place

Millennium Flats

The Beach

415 12th St NW

2810 Central Ave SW

1021 Silver Ave SW

1104 Silver Ave SW
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.

204-210 12th St SW

311-319 12th St SW

1204 Silver Ave SW

909-911 Gold Ave SW

1413 Fruit Ave NW

201 11th St NW

1216 Gold Ave SW

1114 Gold Ave SW

1008 Central Ave NW
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.

1100 Gold Ave SW

401 12th St SW

1123 Silver Ave SW

1017-1025 Fruit Ave NW

El Portal

504 14th St SW

1111 Silver Ave SW

1107 Tijeras NW

1405 San Carlos Dr SW
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.

1023 Central Ave NW

300-306 12th St SW

200-208 10th St NW

400 11th St NW

1018-1022 Silver Ave SW

1404 Silver Ave SW

1114-1116 Silver Ave SW

1210 Central Ave NW

2307-2311 New York Ave
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.

400 12th St SW

401 14th St SW

Arcadia Courtyard

Carousel

Old Town Casitas

Park Place

The Franz

La Plata Manor

2412 Rice Ave NW
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

Country Club Lofts

Villa Nueva Senior Apartments

Rainbow Apartments
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 | $914 | $760 | $1,500 |
| Old Town Albuquerque 1 Bedroom Apartments | $1,236 | $950 | $1,850 |
| Old Town Albuquerque 2 Bedroom Apartments | $1,613 | $1,150 | $2,250 |
| Old Town Albuquerque 3 Bedroom Apartments | $1,695 | $1,500 | $1,761 |
Browse Apartments in this Neighborhood
There are currently 48 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
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carousel | 0 Bedroom 1 Bath - 38720 | Studio,1BA | $740 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1,246 |
| The Artisan @ Sawmill Village | 1x1 Market 682 sq. ft. | 1BR,1BA | $1,475 |
| Monterey Place | One Bedroom | 1BR,1BA | $1,550 |
| Huning Castle Apartments | Balmoral Building A & B | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Monterey Place | One Bedroom | 1BR,1BA | $2.37 |
| Huning Castle Apartments | Balmoral Building A & B | 1BR,1BA | $2.83 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $2.06 |
| 1204 Sawmill Rd NW | 1204 Sawmill Rd NW | 1BR,1BA | $3.09 |
| Carousel | 0 Bedroom 1 Bath - 38721 | Studio ,1BA | $1.50 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| The Artisan @ Sawmill Village | 1x1 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.
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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.