Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (193 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the South Valley area of Albuquerque.

604 Alcazar St SE, Unit D

209 Texas St NE

Volcanes Commons

Arlo Apartments

The French Quarter

1201 Palomas

2608 Muriel St NE, Unit D

507-511 Adams St NE

Villa Apartments
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!

Somerset Park

Arrowhead Pointe

Sunrise Apartments

Valley Apartments

Peaks at Sandia View

200 Utah St NE

206 Princeton Dr SE

1335 Ortiz Dr SE

545 Alvarado Dr SE

444 Vermont St NE
Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

Alvarado Apartments

Tesota Midtown

212 Mesa St SE

1033 Louisiana Blvd SE

5504 Eastern Ave SE

1405 Cardenas Dr SE

5501 Bell Ave SE

The Valencia Apartments

Panorama Heights

Gracey's Nation - Palomas Community
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

3715 Simms Ave SE, Unit Unit A

12100 Indian School Rd NE

1117 Louisiana Blvd SE

520 Tennessee St NE

Princeton Hall Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

7900-7904 Trumbull Ave SE

Patios - FREE Utilities+Standard Cable
South Valley, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in South Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Valley Studio Apartments | $996 | $674 | $2,266 |
| South Valley 1 Bedroom Apartments | $1,171 | $559 | $2,528 |
| South Valley 2 Bedroom Apartments | $1,399 | $800 | $3,760 |
| South Valley 3 Bedroom Apartments | $1,651 | $1,020 | $2,500 |
| South Valley 4 Bedroom Apartments | $1,986 | $1,300 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 193 rentals with your search options within a 2 mile radius of the South Valley Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
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 $770.
What is the price of a cheap apartment in South Valley?
The cheapest apartment in South Valley is 509 Girard Terrace Apartments which is listed at $559, while the average apartment in South Valley costs $2,079.
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 65 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 $171 which is $1,908 cheaper than the average rent for all rentals in South Valley.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.













