Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (313 Rentals) Page 2 of 7

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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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Studios on Route 66
Rent Specials
$900 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,100
Total Monthly Price
$900 - $1,100
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
Furnished
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  • Utilities Included
  • 3D Tour

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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City

Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.

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508 5th St SW, Unit C
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
1 Bedroom Apartment Available Now

508 5th St SW, Unit C

508 5th St SWAlbuquerque, NM 87102
Affordability

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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Arrowhead Pointe
$1,013 - $1,592
Total Monthly Price

Total Monthly Price

Base Rent
$1,013 - $1,592
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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412 Columbia Dr SE, Unit A
$1,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025
1 Bedroom Apartment Available Now

412 Columbia Dr SE, Unit A

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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Valley Apartments
Rent Specials
$1,028 - $1,705
Total Monthly Price

Total Monthly Price

Base Rent
$1,028 - $1,705
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
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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

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Showing Results 51-100, Page 2 of 7

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 $752.

What is the price of a cheap apartment in South Valley?

The cheapest apartment in South Valley is Home @ Valencia which is listed at $695, while the average apartment in South Valley costs $2,500.

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 32 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 $117 which is $2,383 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

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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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.

decorative image for Albuquerque Uncovered: Your Local Experts Guide to the High Desert City article

Albuquerque Uncovered: Your Local Experts 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.

decorative image for Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers article

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.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.