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.

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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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

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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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 Studio unit found at The Loop @950 priced from $645. White Oak Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $716. Here are the most affordable South San Pedro apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
White Oak Apartments1x11BR,1BA$716
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$720
Madeira CourtStudioStudio,1BA$765
Las Brisas1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$813

Best Value Apartments for Rent in South San Pedro, NM

As of February 14, 2026 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
The Portals ApartmentsA11BR,1BA$1.21
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 Apartments3rd Floor 1be/1bath1BR,1BA$1.38
Las Brisas1 Bed, 1 Bath1BR,1BA$1.53
Somerset Park1 Bed, 1 Bath 571 Sq Ft1BR,1BA$1.57
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio ,1BA$1.45

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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!

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 $880.

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

The cheapest apartment in South San Pedro is White Oak Apartments which is listed at $716, while the average apartment in South San Pedro costs $1,495.

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 33 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

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

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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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.