Cheap Homes for Rent in South Valley Neighborhood of Albuquerque, NM from $400 (32 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Valley area of Albuquerque.

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South Valley, Albuquerque, NM Local Guide

Cheapest Available South Valley Apartments for Rent

 

The cheapest available apartment rental in the South Valley area of Albuquerque, NM is a 1 Bed unit found at 509 Girard Terrace Apartments priced from $559. Home @ Valencia has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$559
Home @ Valencia1bd/1ba1BR,1BA$695
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$699
The Villas @ UptownStudio ClassicStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Tesota Four HillsA1A1BR,1BA$745
Madeira CourtStudioStudio,1BA$749

Best Value Apartments for Rent in South Valley, NM

As of November 10, 2025 the best value apartment in the South Valley area is the $1.19 price per square foot 1 Car Garage Model at Indian Ridge in the in the Northeast Quadrant neighborhood starting from $1,745. The second greatest value South Valley apartment is the Two Bedroom One Bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.00 price per square foot in the Southwest Quadrant neighborhood. Here is today’s list of the best values for South Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Indian Ridge1 Car Garage2BR,2.5BA$1.19
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Four Seasons2br apartment corner unit2BR,1BA$1.10
2608 Muriel St NE, Unit D2608 Muriel St NE2BR,1BA$1.11
544 Chama St SE, Unit C544 Chama St SE2BR,1BA$1.11
200 Tennessee St NE, Unit 200 A200 Tennessee St NE1BR,1BA$0.94
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
Lomas Gardens1BR/1.0BA1BR,1BA$1.16
White Oak Apartments1x11BR,1BA$1.03
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #3

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

What type of rentals are currently available in South Valley?

There are currently 1245 Apartments for Rent in South Valley, NM with pricing that ranges from $559 to $5,289. There are also 186 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Valley ranging from $400 to $7,500.

What is the current price range for Rental Homes in South Valley?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Valley ranges from $400 to $7,500 with an average monthly rent of $2,052.

How much are larger Three and Four Bedroom Rentals in South Valley?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Valley range from $1,020 to $5,289, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,875 and Four Bedroom Apartments start at $1,300.

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.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.