Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (311 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
Tesota Four Hills
Rent Specials
$758 - $2,216
Total Monthly Price

Total Monthly Price

Base Rent
$758 - $2,216
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
close
View Me
Union 505
Rent Specials
$781 - $2,811
Total Monthly Price

Total Monthly Price

Base Rent
$781 - $2,811
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Active Lifestyle
  • 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.

Read Article

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.

Read Article

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
Showing Results 1-50, Page 1 of 7

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 1 Bed unit found at Generations at West Mesa priced from $439. The Loop @950 has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Generations at West MesaOne Bedroom 584 Sq Ft1BR,1BA$439
The Loop @9500x1 - 280Studio,1BA$645
Home @ Valencia1bd/1ba1BR,1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
210 High St NE0 Beds, 1 BathsStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
Nova Point Gated Community0BR/1.0BAStudio,1BA$750
Tesota Four HillsA1A1BR,1BA$762
Union 505StudioStudio,1BA$781

Best Value Apartments for Rent in South Valley, NM

As of May 11, 2026 the best value apartment in the South Valley area is the $0.98 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,190. The second greatest value South Valley apartment is the 3 Bedroom 2 Bathroom Model at The Ridge starting at $1,415 with a $1.26 price per square foot in the Quail Ridge 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.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$0.98
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.26
Four Seasons2br 1.5 apartment2BR,1.5BA$1.09
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
544 Chama St SE, Unit C544 Chama St SE2BR,1BA$1.05
The Twelve 6012BR/1.0BA2BR,1BA$1.04
Cloudview Terrace2Bd/1Bath LOFT2BR,1BA$1.08
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15
Tesota Four HillsA1A1BR,1BA$1.26

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
Decorative image

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 Article
Decorative image

Real 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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 the Cheapest Studio apartment in South Valley?

Currently the most affordable Cheap Studio Apartment in South Valley is at The Loop @950 listed at $645.

How much is rent for a Cheap One Bedroom South Valley Apartment?

The lowest price for a Cheap One Bedroom South Valley Apartment is $439 at Generations at West Mesa.

What is the lowest price for a Cheap Two Bedroom South Valley Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Valley is starting from $835 at The Twelve 601.

What is the most affordable South Valley Three Bedroom Apartment?

The best deal on a cheap South Valley Three Bedroom Apartment rental is at Tesota Four Hills and starts from $882.

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

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.

decorative image for The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach article

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.

decorative image for Albuquerque Uncovered: Your Local Experts Guide to the High Desert City article

Albuquerque Uncovered: Your Local Experts 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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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

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

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.