
Cheap Apartments for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town Albuquerque area of Albuquerque.


Millennium Flats

The Beach

Silver Moon Lodge

Total Monthly Price
Valley Apartments

The Artisan @ Sawmill Village
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300 San Pasquale Ave NW

Total Monthly Price
1204 Sawmill Rd NW

1119 Tijeras Ave NW

506 14th St NW

Arcadia Courtyard

Sawmill Lofts
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2440 Rose Ave NW

Old Town Casitas
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816 13th St NW
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 | $917 | $775 | $1,190 |
| Old Town Albuquerque 1 Bedroom Apartments | $1,293 | $950 | $1,700 |
| Old Town Albuquerque 2 Bedroom Apartments | $1,688 | $1,150 | $2,250 |
| Old Town Albuquerque 3 Bedroom Apartments | $1,633 | $1,398 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 19 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $775 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1,132 |
| The Artisan @ Sawmill Village | Retail Space | Studio, | $1,190 |
| Monterey Place | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Huning Castle Apartments | Dover Building A & B | 2BR,2BA | $2.16 |
| Monterey Place | One Bedroom | 1BR,1BA | $2.37 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.88 |
| 1204 Sawmill Rd NW | 1204 Sawmill Rd NW | 1BR,1BA | $3.09 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| The Artisan @ Sawmill Village | 1x1 Market 420 sq.ft. | 1BR,1BA | $2.98 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.52 |
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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 ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleOld Town Albuquerque, Albuquerque, NM
Ranked #220
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 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

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I still recollect my first morning commute in Albuquerque.

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