117 40th St NW
AlbuquerqueNM87105
Cheap Homes for Rent in the Old Town Albuquerque Neighborhood of Albuquerque, NM from $1,000 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Town Albuquerque area of Albuquerque.
2101 New York Ave SW
AlbuquerqueNM87104
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.
1405 San Carlos Rd SW
AlbuquerqueNM87104
1425 Sawmill Rd NW
AlbuquerqueNM87104
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.
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Old Town Albuquerque, Albuquerque, NM Local Guide
How much does it cost to rent a home in Old Town Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town Albuquerque 2 Bedroom Homes for Rent | $2,041 | $1,000 | $2,475 |
| Old Town Albuquerque 3 Bedroom Homes for Rent | $2,250 | $2,150 | $2,350 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Old Town Albuquerque Neighborhood of Albuquerque, NM.
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Old Town Albuquerque, Albuquerque, NM Local Guide
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Best Value Apartments for Rent in Old Town Albuquerque, NM
As of September 05, 2026 the best value apartment in the Old Town Albuquerque area is the $2.00 price per square foot Grand Platinum Model at Valley Apartments in the in the Rancho Encantado neighborhood starting from $1,893. 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. |
|---|---|---|---|
| Valley Apartments | Grand Platinum | 3BR,2BA | $2.00 |
| Monterey Place | One Bedroom | 1BR,1BA | $2.37 |
| Huning Castle Apartments | Balmoral Building A & B | 1BR,1BA | $2.74 |
| 1204 Sawmill Rd NW | 1204 Sawmill Rd NW | 1BR,1BA | $3.55 |
| 228 16th St NW | 1BR | 1BR,1BA | $2.78 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| The Artisan @ Sawmill Village | 1x1 Market 420 sq.ft. | 1BR,1BA | $3.21 |
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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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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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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 Old Town Albuquerque
What type of rentals are currently available in Old Town Albuquerque?
There are currently 80 Apartments for Rent in Old Town Albuquerque, NM with pricing that ranges from $795 to $2,295. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town Albuquerque ranging from $1,000 to $2,600.
What is the current price range for Rental Homes in Old Town Albuquerque?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Town Albuquerque ranges from $1,000 to $2,600 with an average monthly rent of $2,036.
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
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.
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.
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.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.