Cheap Homes for Rent in South Valley Neighborhood of Albuquerque, NM from $700 (63 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. FREE UTILITIES!! GREAT VIBES!! has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$699
Home @ Valencia1bd/1ba1BR,1BA$715
El Pueblo II Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
ABQ EncoreStudioStudio,1BA$750
The Villas @ Uptown– Studio / 1 Bath Apartment in Uptown Location...Studio,1BA$753

Best Value Apartments for Rent in South Valley, NM

As of September 15, 2025 the best value apartment in the South Valley area is the $1.00 price per square foot Two Bedroom One Bath Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,200. The second greatest value South Valley apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast 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.
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Four Seasons2br apartment corner unit2BR,1BA$1.10
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
520 Tennessee St NE2bed/1 ba Unfurnished2BR,1BA$1.16
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.24
Lomas Gardens2BR/1.0BA2BR,1BA$1.24
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
El Pueblo II Apartments1x11BR,1BA$1.03
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #27

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 1238 Apartments for Rent in South Valley, NM with pricing that ranges from $559 to $82,500. There are also 209 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Valley ranging from $700 to $16,500.

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 $700 to $16,500 with an average monthly rent of $2,924.

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 $2,340, 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 $1,925 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 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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.