Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (331 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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Tesota Four Hills
Rent Specials
$737 - $2,777
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$737 - $2,777
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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Union 505
Rent Specials
$807 - $2,069
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$807 - $2,069
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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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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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Tesota Midtown
Rent Specials
$857 - $1,607
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$857 - $1,607
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St 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. 501 Texas Street NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. 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
501 Texas Street NE1BR/1.0BA1BR,1BA$695
Home @ Valencia1bd/1ba1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
White Oak Apartments1x11BR,1BA$716
Cinnamon Tree ApartmentsStudioStudio,1BA$724
Nova RidgeS1Studio,1BA$725
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$750
Pinewood EstatesStudioStudio,1BA$750

Best Value Apartments for Rent in South Valley, NM

As of August 15, 2026 the best value apartment in the South Valley area is the $1.08 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,311. The second greatest value South Valley apartment is the 1 Beds, 1 Baths Model at 521-525 Cedar St SE starting at $945 with a $0.88 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.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$1.08
521-525 Cedar St SE1 Beds, 1 Baths1BR,1BA$0.88
Four Seasons2br apartment corner unit2BR,1BA$1.15
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.79
Whispering SandsTwo Bedroom Two Bath2BR,2BA$1.13
919-923 Alvarado2BR/1.0BA2BR,1BA$1.13
The Twelve 6012BR/1.0BA2BR,1BA$1.06
Cloudview Terrace2Bd/1Bath LOFT2BR,1BA$1.08
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15

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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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 the Cheapest Studio apartment in South Valley?

Currently the most affordable Cheap Studio Apartment in South Valley is at The Loop at 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 $695 at Home @ Valencia.

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 $750 at 433-437 Louisiana Blvd SE.

What is the most affordable South Valley Three Bedroom Apartment?

The best deal on a cheap South Valley Three Bedroom Apartment rental is at 328 Rhode Island (New) St NE and starts from $1,199.

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.

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