Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (194 Rentals)

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

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Cinnamon Tree
Rent Specials
$674 - $1,501
Total Monthly Price

Total Monthly Price

Base Rent
$651 - $1,478
Required Monthly Fees
$23
Total Monthly Price
$674 - $1,501
Studio to 2 Bedroom Apartments Contact Us For Availability

Cinnamon Tree

7220 Central Ave SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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Tesota Four Hills
Rent Specials
$740 - $2,517
Total Monthly Price

Total Monthly Price

Base Rent
$706 - $2,483
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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214 Pine St SE
$750 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $975
Total Monthly Price
$750 - $975
Studio to 1 Bedroom Apartment Available Now

214 Pine St SE

214 Pine St SEAlbuquerque, NM 87106
Affordability
  • Smoke Free
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The Twelve 601
Rent Specials
$750 - $925
Total Monthly Price

Total Monthly Price

Base Rent
$710 - $885
Required Monthly Fees
$40
Total Monthly Price
$750 - $925
1 to 2 Bedroom Apartments Available Now

The Twelve 601

12601 Lomas Blvd NEAlbuquerque, NM 87112
Corporate Housing
  • Verified
  • Low Income
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Las Brisas
$767 - $1,908
Total Monthly Price

Total Monthly Price

Base Rent
$724 - $1,865
Required Monthly Fees
$43
Total Monthly Price
$767 - $1,908
1 to 2 Bedroom Apartments Available Now

Las Brisas

1201 San Pedro Blvd SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Low Income
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Tierra Pointe
Rent Specials
$800 - $3,159
Total Monthly Price

Total Monthly Price

Base Rent
$788 - $3,147
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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property at 401 14th St NW

$760 - $825

Studio Rentals

Available Now

401 14th St NW

AlbuquerqueNM87104

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Tesota Midtown
Rent Specials
$857 - $1,642
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $1,610
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

South Valley - One of the Best Affordable Neighborhoods in Albuquerque

Named as one of the Best Affordable Areas to rent in Albuquerque by our Local Expert Esther Lombardi. See how it ranks!

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South Valley, Albuquerque, NM Local Guide

Cheapest Available South Valley Apartments for Rent

 

The cheapest available apartment rental in the South Valley area of Albuquerque, NM is a Studio unit found at The Loop @950 priced from $645. Nova Peak has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
Nova Peak0BR/1.0BAStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
Brandywood Park ApartmentsSailor Exterior UnitsStudio,1BA$720
210 High St NE0 Beds, 1 BathsStudio,1BA$735
ABQ EncoreStudioStudio,1BA$750
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$767
The Twelve 6011BR/1.0BA1BR,1BA$775
Tierra PointeS1Studio,1BA$786

Best Value Apartments for Rent in South Valley, NM

As of March 26, 2026 the best value apartment in the South Valley area is the $1.19 price per square foot 1 Car Garage Model at Indian Ridge in the in the Northeast Quadrant neighborhood starting from $1,745. The second greatest value South Valley apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast Quadrant neighborhood. Here is today’s list of the best values for South Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Indian Ridge1 Car Garage2BR,2.5BA$1.19
Four Seasons2br apartment corner unit2BR,1BA$1.10
928 Chelwood Park Blvd NE, Unit D928 Chelwood Park Blvd NE2BR,1BA$1.20
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
The Ridge2 Bedroom 1 Bathroom2BR,1BA$1.11
The Twelve 6012BR/1.0BA2BR,1BA$1.13
420 Mesilla St SE, Unit A420 Mesilla St SE2BR,1BA$1.06
328 Rhode Island St NE2 bed/ 1 bath2BR,1BA$1.19
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
White Oak Apartments1x11BR,1BA$1.03

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

Read Article
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #3

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Valley, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States, including Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, places that make kids happy, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $786.

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

The cheapest apartment in South Valley is White Oak Apartments which is listed at $716, while the average apartment in South Valley costs $2,400.

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 67 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 $145 which is $2,255 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.

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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.