Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $435 (349 Rentals)

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

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

Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

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The French Quarter
Rent Specials
$765 - $880

Total Monthly Price

Base Rent$765 - $880
Total Monthly Price$765 - $880
Studio to 1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
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property at 501 Princeton Dr SE
$800 - $985
Studio To 1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

501 Princeton Dr SE

AlbuquerqueNM87106
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Union 505
Rent Specials
$821 - $1,810

Total Monthly Price

Base Rent$821 - $1,810
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Active Lifestyle
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Tesota Four Hills
Rent Specials
$841 - $2,708

Total Monthly Price

Base Rent$841 - $2,708
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Oct 29

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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property at 324 Vermont St NE
$845
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

324 Vermont St NE

AlbuquerqueNM87108
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Tesota Midtown
Rent Specials
$857 - $1,642

Total Monthly Price

Base Rent$857 - $1,642
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Oct 21

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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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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Studios on Route 66
Rent Specials
$900 - $1,250

Total Monthly Price

Base Rent$900 - $1,250
Total Monthly Price$900 - $1,250
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
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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 at 950 priced from $645. Juniper Flats has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio, 1BA$645
Juniper FlatsArroyoStudio, 1BA$650
8915 Central NE1BR/1.0BA1BR, 1BA$679
501 Texas Street NE1BR/1.0BA1BR, 1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio, 1BA$699
White Oak Apartments1x11BR, 1BA$716
210 High St NE0 Beds, 1 BathsStudio, 1BA$745
Nova Peak Gated Community0/1Studio, 1BA$750
The French Quarter0x1Studio, 1BA$765
Nova Pointe0/1Studio, 1BA$775

Best Value Apartments for Rent in South Valley, NM

As of September 29, 2026 the best value apartment in the South Valley area is the $1.08 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the South San Pedro neighborhood starting from $1,184. The second greatest value South Valley apartment is the 2br apartment corner unit Model at Four Seasons in the Southeast Quadrant neighborhood starting at $1,150 with a $1.15 price per square foot. 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 RidgeThree Bedroom Two Bath3BR, 2BA$1.08
Four Seasons2br apartment corner unit2BR, 1BA$1.15
919-923 Alvarado2BR/1.0BA2BR, 1BA$1.13
8000 Grand Avenue NE2BR/1.0BA2BR, 1BA$1.06
425 Wisconsin st NE2BR/1.0BA2BR, 1BA$1.06
328 Rhode Island (New) St NE2 bed/ 1 bath2BR, 1BA$1.19
Monte Largo2BR/1.0BA2BR, 1BA$1.21
General Stilwell2BR/1.0BA2BR, 1BA$1.08
535 Texas St NE, Unit A535 Texas St NE2BR, 1BA$1.20
White Oak Apartments1x11BR, 1BA$1.03

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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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.

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #2

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 $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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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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