Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM Under $1,500 (324 Rentals)

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The Reserve
Rent Specials
$1,143 - $1,620
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$1,143 - $1,620
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1 to 3 Bedroom Apartments Available Now

The Reserve

1001 Tramway Blvd NEAlbuquerque, NM 87112
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Union 505
Rent Specials
$838 - $2,243
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$838 - $2,243
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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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Glo Apartments
$1,095 - $1,807
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$1,095 - $1,807
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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
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MOUNTAIN VISTA
Rent Specials
$1,135 - $1,750
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$1,135 - $1,750
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1 to 3 Bedroom Apartments Available Now

MOUNTAIN VISTA

1501 Tramway Blvd NEAlbuquerque, NM 87112
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Lumen
Rent Specials
$1,371 - $1,749
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$1,371 - $1,749
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1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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Tesota Four Hills
Rent Specials
$778 - $2,279
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$778 - $2,279
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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Valley Apartments
$1,223 - $1,685
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$1,223 - $1,685
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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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The June
Rent Specials
$1,047 - $1,644
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$1,047 - $1,644
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1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
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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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Tesota Midtown
Rent Specials
$857 - $1,642
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$857 - $1,642
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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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
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$1,013 - $1,592
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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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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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.

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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.

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Showing Results 1-50, Page 1 of 7

South Valley, Albuquerque, NM Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #4

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Valley, Albuquerque, NM

School data provided by Great Schools

Frequently Asked Questions about South Valley

How much are Studio apartments in South Valley?

There are currently 585 Studio Apartments in South Valley with rent ranges from $645 to $2,398 with an average price of $1,040.

What is the current price range for One Bedroom South Valley Apartments for rent?

Today's rental pricing for One Bedroom Apartments in South Valley ranges from $500 to $2,497 with an average monthly rent of $1,165.

What does renting a Two Bedroom Apartment in South Valley cost?

The monthly rent prices of Two Bedroom Apartments currently available in South Valley range from $800 to $5,442. Today's average rental price for Two Bedrooms here is $1,454.

How expensive are South Valley Three Bedroom Apartments?

There are currently 105 Three Bedroom Apartments listings available in South Valley on ApartmentHomeLiving.com. The pricing ranges from $923 to $2,500 - averaging $1,692 for the location.

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

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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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.

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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.

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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.