
Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (340 Rentals) Page 2 of 7
Search the lowest-cost Apartments available for rent right now in the South Valley area of Albuquerque.


1033 Louisiana Blvd SE

20 Chama St NE

Silver Moon Lodge

2408 Chelwood Park Blvd NE, Unit D

Total Monthly Price
Studios on Route 66

Casa Placida

The Ridge

The Lanai Apartments

Nova View
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

Total Monthly Price
636 San Pablo St SE, Unit A

209 Texas St NE, Unit B

2517 Eubank Blvd NE

216 General Stilwell St NE

505 Pennsylvania St SE

6104 Zuni Rd SE

Total Monthly Price
Playa Del Sol

149 Manzano St NE

Sandia Shadows

Somerset Park
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!

Arlo Apartments

127 Tennessee St SE

2443 De Vita Rd SW

915 Walter St SE

Juniper Flats

Three Fountains

509 Valencia Dr SE

Total Monthly Price
Valley Apartments

Peaks at Sandia View

CRESTWOOD APARTMENTS
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Sunrise Apartments

13205 Mountain Rd NE

Zocalo Lofts

233 63rd St NW

3508 Eastern Ave SE

Alvarado Apartments

Las Brisas

Farolito Senior Apartments

940 Chelwood Park Blvd NE

435 Texas St NE
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.

1237 Menaul Blvd NW

916 San Pedro Dr SE

12124 Indian School Rd NE

Total Monthly Price
412 Columbia Dr SE, Unit A

520 Tennessee St NE

Total Monthly Price
3715 Simms Ave SE, Unit A

121 General Arnold St NE, Unit A

Total Monthly Price
Arrowhead Pointe

Total Monthly Price
MOUNTAIN VISTA

Villa Apartments
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.
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 | $935 | $645 | $2,724 |
| South Valley 1 Bedroom Apartments | $1,146 | $500 | $2,282 |
| South Valley 2 Bedroom Apartments | $1,397 | $746 | $2,407 |
| South Valley 3 Bedroom Apartments | $1,670 | $1,050 | $4,419 |
| South Valley 4 Bedroom Apartments | $2,145 | $1,300 | $2,616 |
Browse Apartments in this Neighborhood
There are currently 340 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 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 Aspen Ridge and starts from $1,184.
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

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.

Albuquerque Uncovered: Your Local Expert's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.