Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (198 Rentals)

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

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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property at 401 14th St NW

$760 - $825

Studio Rentals

Available Now

401 14th St NW

AlbuquerqueNM87104

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

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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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
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$720
Tesota Four HillsB12BR,1BA$722
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Madeira CourtStudioStudio,1BA$765
Millennium FlatsUnit Type AStudio,1BA$765
Lomas Gardens1BR/1.0BA1BR,1BA$795

Best Value Apartments for Rent in South Valley, NM

As of February 06, 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 Two Bedroom One Bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.00 price per square foot in the Southwest 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
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.11
Four Seasons2br apartment corner unit2BR,1BA$1.10
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.09
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.23
535 Texas St NE, Unit A535 Texas St NE2BR,1BA$1.19
Lomas Gardens1BR/1.0BA1BR,1BA$1.14
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.

Read Article
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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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 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 $716 at White Oak Apartments.

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 $722 at Tesota Four Hills.

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 $869.

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.

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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.