
Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (302 Rentals) Page 7 of 7
Search the lowest-cost Apartments available for rent right now in the South Valley area of Albuquerque.


Paseo del Rio II
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 | $1,040 | $645 | $2,398 |
| South Valley 1 Bedroom Apartments | $1,165 | $500 | $2,497 |
| South Valley 2 Bedroom Apartments | $1,454 | $800 | $5,442 |
| South Valley 3 Bedroom Apartments | $1,692 | $923 | $2,500 |
| South Valley 4 Bedroom Apartments | $2,328 | $1,300 | $2,602 |
Browse Apartments in this Neighborhood
There are currently 302 rentals with your search options within a 2 mile radius of the South Valley Neighborhood of Albuquerque, NM.
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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 $795.
What is the price of a cheap apartment in South Valley?
The cheapest apartment in South Valley is Diamond Elite Luxury Townhomes which is listed at $599, 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 63 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 $142 which is $2,358 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.
Articles, How-To's, and Tips

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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

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.