Cheap Studio Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $642 (59 Rentals)

Loop @950

1515 Copper Ave NE

Encino Terrace Senior

The Villas @ Uptown

Brandywood Park - FREE Utilities

222 Maple St NE

Millennium Flats - Washer-Dryer Included

208 High St NE

543 Cedar St SE
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.

713 Cannon Rd SW, Unit B

8620 Northeastern Blvd NE

2816 Silver Ave SE

Somerset Park

Nova Point

9317 Central Ave

Cedars - Free Cable & Internet*

2114 Oxford Ave SE

University Village

421 Broadway Blvd SE
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!

Adobe Manor Apartments

The Beach

Silver Gardens Apartments

Union 505

Executive West - Senior Community
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

Citadel - Free Utilities

Imperial

Nova View

Villa Apartments

Pinewood Estates

Three Fountains

Tierra Pointe

Alvarado Apartments

115 Harvard Dr SE
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.
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.
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 | $978 | $642 | $3,674 |
South Valley 1 Bedroom Apartments | $1,209 | $716 | $4,102 |
South Valley 2 Bedroom Apartments | $1,483 | $697 | $5,246 |
South Valley 3 Bedroom Apartments | $2,081 | $799 | $7,276 |
South Valley 4 Bedroom Apartments | $2,175 | $1,114 | $3,900 |
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South Valley, Albuquerque, NM Local Guide
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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.
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 $775.
What is the price of a cheap apartment in South Valley?
The cheapest apartment in South Valley is The Villas @ Uptown which is listed at $700, while the average apartment in South Valley costs $2,499.
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 29 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 $181 which is $2,318 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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.