Cheap Apartments for Rent in the South San Pedro Neighborhood of Albuquerque, NM from $500 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South San Pedro area of Albuquerque.

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.

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Yucca House
1 Bedroom Apartments

Yucca House

1015 Valencia Dr SEAlbuquerque, NM 87108
  • Utilities Included
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Casa Del Rey Sur
1 Bedroom Apartments

Casa Del Rey Sur

112 Cardenas Dr NEAlbuquerque, NM 87108
  • Utilities Included
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1028 Alvarado Dr
1 Bedroom Apartments

1028 Alvarado Dr

1028 Alvarado DrAlbuquerque, NM 87108
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The Loop @950
Studio to 4 Bedroom Apartments

The Loop @950

950 Louisiana Blvd SEAlbuquerque, NM 87108
  • Utilities Included

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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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Casa dos Santos
Studio to 1 Bedroom Apartments

Casa dos Santos

520 Ortiz Dr SEAlbuquerque, NM 87108

South San Pedro, Albuquerque, NM Local Guide

Cheapest Available South San Pedro Apartments for Rent

 

The cheapest available apartment rental in the South San Pedro area of Albuquerque, NM is a 1 Bed unit found at Home @ Valencia priced from $695. The Loop @950 has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable South San Pedro apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Home @ Valencia1bd/1ba1BR,1BA$695
The Loop @9500x1 - Deluxe - 280Studio,1BA$695
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$699
White Oak Apartments1x11BR,1BA$716
Madeira CourtStudioStudio,1BA$749

Best Value Apartments for Rent in South San Pedro, NM

As of October 09, 2025 the best value apartment in the South San Pedro area is the $1.26 price per square foot 2/BED/1 BATH Model at Modern Apartments with Great Amenities in the in the South San Pedro neighborhood starting from $980. The second greatest value South San Pedro apartment is the 1 Bed 1 Bath Model at Villa Apartments starting at $1,030 with a $1.37 price per square foot in the South San Pedro neighborhood. Here is today’s list of the best values for South San Pedro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Modern Apartments with Great Amenities2/BED/1 BATH2BR,1BA$1.26
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
Spacious 2 Bedroom Apartment with Fireplace2BD w/Fireplace2BR,1BA$1.47
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.30
Madeira Flats- Utilities Included!Renovated One Bedroom $300 OFF MOVE IN! FREE UT...1BR,1BA$1.45
The Lanai Apartments1BD/1B1BR,1BA$1.38
Somerset Park1 Bed 1 Bath 647 sq ft1BR,1BA$1.49
Home @ Valencia1bd/1ba1BR,1BA$1.26
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio ,1BA$1.41

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States and customized analysis for Central Albuquerque, NM. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South San Pedro Neighborhood in Albuquerque, NM

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

43 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap South San Pedro Apartments

What is a cheap apartment in South San Pedro?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South San Pedro is under $900.

What is the price of a cheap apartment in South San Pedro?

The cheapest apartment in South San Pedro is Home @ Valencia which is listed at $695, while the average apartment in South San Pedro costs $1,500.

What types of apartments are the cheapest in South San Pedro?

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 40 regular apartments in South San Pedro that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.