Cheap 1 Bedroom Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $500 (202 Rentals) Page 3 of 5

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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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1801 Coal Pl SE
1 Bedroom Apartments

1801 Coal Pl SE

1801 Coal Pl SEAlbuquerque, NM 87106
  • Utilities Included
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1028 Alvarado Dr
1 Bedroom Apartments

1028 Alvarado Dr

1028 Alvarado DrAlbuquerque, NM 87108
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510 Adams St NE
1 Bedroom Apartments

510 Adams St NE

510 Adams St NEAlbuquerque, NM 87108
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8915 Central NE
1 Bedroom Apartments

8915 Central NE

8915 Central Ave NEAlbuquerque, NM 87123
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332 Grove St SE
1 Bedroom Apartments

332 Grove St SE

332 Grove St SEAlbuquerque, NM 87108

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Somerset Lofts
1 Bedroom Apartments

Somerset Lofts

700 Truman St NEAlbuquerque, NM 87110
  • Utilities Included
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Sun Apartments
1 Bedroom Apartments

Sun Apartments

433-437 Mesilla St SEAlbuquerque, NM 87108
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El Sol
1 Bedroom Apartments

El Sol

1201 Iron Ave SWAlbuquerque, NM 87102
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1230 Katie St NE
1 Bedroom Apartments

1230 Katie St NE

1230 Katie St NEAlbuquerque, NM 87110
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Sunset Apartments
1 Bedroom Apartments

Sunset Apartments

1031 Sunset Rd SWAlbuquerque, NM 87105
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Sawmill Lofts
1 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included
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217 Harvard Dr SE
1 Bedroom Apartments

217 Harvard Dr SE

217 Harvard Dr SEAlbuquerque, NM 87106

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Chelwood Apartments
1 Bedroom Apartments

Chelwood Apartments

844 Chelwood Park Blvd NEAlbuquerque, NM 87123
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Espanola Apartments
1 Bedroom Apartments

Espanola Apartments

401 Espanola St SEAlbuquerque, NM 87108
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Canon de Arrowhead
1 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
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New Life Homes 4
1 Bedroom Apartments

New Life Homes 4

6600 Delia Rd SWAlbuquerque, NM 87121
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Chico Apartments
1 Bedroom Apartments

Chico Apartments

7615 Chico Rd NEAlbuquerque, NM 87108
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209 Hanosh Ct SE
1 Bedroom Apartments

209 Hanosh Ct SE

209 Hanosh Ct SEAlbuquerque, NM 87123

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Grandview Apartments
1 Bedroom Apartments

Grandview Apartments

1100 Chelwood Park Blvd NEAlbuquerque, NM 87112
  • Utilities Included
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122 Charleston SE
1 Bedroom Apartments

122 Charleston SE

118-122 Charleston St SEAlbuquerque, NM 87108
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509 Girard Terrace
1 Bedroom Apartments

509 Girard Terrace

509 Girard Blvd SEAlbuquerque, NM 87106
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Plaza Del Sol
1 Bedroom Apartments

Plaza Del Sol

309 Sierra Dr SEAlbuquerque, 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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Rainbow Apartments
1 Bedroom Apartments

Rainbow Apartments

4600 Central Ave SWAlbuquerque, NM 87105
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Pine St Studios
1 Bedroom Apartments

Pine St Studios

414 Pine St SEAlbuquerque, NM 87106
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1203 Barelas Rd SW
1 Bedroom Apartments

1203 Barelas Rd SW

1203 Barelas Rd SWAlbuquerque, NM 87102
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Whispering Sands
1 Bedroom Apartments

Whispering Sands

12720 Central Ave SEAlbuquerque, NM 87123

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.

Frequently Asked Questions about Cheap South Valley Apartments

What is a cheap apartment in South Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Valley is under $775.

What is the price of a cheap apartment in South Valley?

The cheapest apartment in South Valley is 8915 Central NE which is listed at $679, while the average apartment in South Valley costs $1,199.

What types of apartments are the cheapest in South Valley?

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 26 regular apartments in South Valley 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 South Valley?

Cheap apartments in South Valley have an average cost of $242 which is $957 cheaper than the average rent for all rentals in South Valley.

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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Your Guide to the Best Neighborhoods to Rent Near Albuquerque's Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

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Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City

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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.

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The Student's 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.

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A Local Expert's Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque

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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

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.

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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.