Cheap Homes for Rent in South Valley Neighborhood of Albuquerque, NM from $500 (38 Rentals)

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

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2800 Vail Ave SE

$1,200 - $1,400

1 Bedroom Rentals

Available Now

2800 Vail Ave SE

AlbuquerqueNM87106

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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Showing Results 1-38, Page 1 of 1

Cheapest Available South Valley Apartments for Rent

 

The cheapest available apartment rental in the South Valley area of Albuquerque, NM is a Studio unit found at The Loop @950 priced from $645. White Oak Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $716. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
White Oak Apartments1x11BR,1BA$716
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Madeira CourtStudioStudio,1BA$749
Union 505StudioStudio,1BA$785
Millennium FlatsUnit Type BStudio,1BA$795
Tierra PointeS1Studio,1BA$797
ABQ EncoreStudioStudio,1BA$799
Nova Point Gated Community0BR/1.0BAStudio,1BA$800

Best Value Apartments for Rent in South Valley, NM

As of January 21, 2026 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
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.18
Four Seasons2br apartment corner unit2BR,1BA$1.10
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
544 Chama St SE, Unit C544 Chama St SE2BR,1BA$1.11
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.23
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

Frequently Asked Questions about South Valley

What type of rentals are currently available in South Valley?

There are currently 1261 Apartments for Rent in South Valley, NM with pricing that ranges from $674 to $3,670. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Valley ranging from $550 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 $550 to $7,500 with an average monthly rent of $1,977.

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 $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $5,300. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,300.

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.