Cheap Apartments for Rent in the West Old Town Neighborhood of Albuquerque, NM from $400 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the West Old Town area of Albuquerque.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Valley Apartments
Rent Specials
$1,003 - $1,705
Total Monthly Price

Total Monthly Price

Base Rent
$1,003 - $1,705

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Nine-O-Nine Apartments
Rent Specials
$1,095 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,395

Total Monthly Price
$1,095 - $1,395
Studio to 2 Bedroom Apartments Available Jul 1

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
Transit Friendly
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Stride West
$1,270 - $2,505
Total Monthly Price

Total Monthly Price

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$1,270 - $2,505

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1 to 2 Bedroom Apartments Available Now

Stride West

6101 Sequoia Rd NWAlbuquerque, NM 87120
Corporate Housing
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Tucson Apartments
2 Bedroom Apartments

Tucson Apartments

5401-5405 Tucson Rd NWAlbuquerque, NM 87120

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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1420 4th St NW
1 to 2 Bedroom Apartments

1420 4th St NW

1420-1422 4th St NWAlbuquerque, NM 87102
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
  • Utilities Included
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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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816 Coal Ave SW
1 to 2 Bedroom Apartments

816 Coal Ave SW

816 Coal Ave SWAlbuquerque, NM 87102
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El Sol
1 to 2 Bedroom Apartments

El Sol

1201 Iron Ave SWAlbuquerque, NM 87102
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
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5315 Yucca Cir NE
2 Bedroom Apartments

5315 Yucca Cir NE

5315 Yucca Cir NEAlbuquerque, NM 87120
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Downtown @ 700
Studio Apartments

Downtown @ 700

700 2nd St NWAlbuquerque, NM 87102
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New Life Homes 4
1 Bedroom Apartments

New Life Homes 4

6600 Delia Rd SWAlbuquerque, NM 87121

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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Rainbow Apartments
1 Bedroom Apartments

Rainbow Apartments

4600 Central Ave SWAlbuquerque, NM 87105
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
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The Crossroads
Studio Apartments

The Crossroads

315 Central Ave NWAlbuquerque, NM 87102
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Sterling Downtown
Studio to 2 Bedroom Apartments

Sterling Downtown

800 Silver Ave SWAlbuquerque, NM 87102
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Imperial
Studio to 2 Bedroom Apartments

Imperial

205 Silver Ave SWAlbuquerque, NM 87102
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Casitas de Colores
Studio to 3 Bedroom Apartments

Casitas de Colores

215 Lead Ave SWAlbuquerque, NM 87102
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The Franz
Studio to 1 Bedroom Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104

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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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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120 10th St NW
Studio to 3 Bedroom Apartments

120 10th St NW

120 10th St NWAlbuquerque, NM 87102
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Anthea
1 to 3 Bedroom Apartments

Anthea

950 4th St NWAlbuquerque, NM 87102
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Mehran Lofts
Studio to 1 Bedroom Apartments

Mehran Lofts

517 Gold Ave SWAlbuquerque, NM 87102
Corporate Housing
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Phoenix Apartments
1 to 3 Bedroom Apartments

Phoenix Apartments

1720 Atrisco Dr NWAlbuquerque, NM 87105
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Poblana Place
Studio to 2 Bedroom Apartments

Poblana Place

2818 4th St NWAlbuquerque, NM 87107

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.

West Old Town, Albuquerque, NM Local Guide

Cheapest Available West Old Town Apartments for Rent

 

The cheapest available apartment rental in the West Old Town area of Albuquerque, NM is a Studio unit found at Villa De San Felipe priced from $749. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable West Old Town apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Villa De San Felipe0 x 1 CStudio,1BA$749
Millennium FlatsUnit Type AStudio,1BA$775
Silver Gardens ApartmentsStudio (60%)Studio,1BA$893
Silver Moon LodgeStudioStudio,1BA$897
Alvarado ApartmentsAStudio,1BA$969
Villa HermosaThe Pueblo2BR,1BA$1,008
Zocalo LoftsLarge Studio with BalconyStudio,1BA$1,025
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1,050
Mesa Ridge ApartmentsThe Sage1BR,1BA$1,089
Valley ApartmentsAzure Platinum1BR,1BA$1,094

Best Value Apartments for Rent in West Old Town, NM

As of June 22, 2026 the best value apartment in the West Old Town area is the $1.76 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $1,900. The second greatest value West Old Town apartment is the Two Bedroom - Two Bath Model at Monterey Place starting at $1,700 with a $1.59 price per square foot in the Alamosa neighborhood. Here is today’s list of the best values for West Old Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas @ Rio2BR/2.0BA2BR,2BA$1.76
Monterey PlaceTwo Bedroom - Two Bath2BR,2BA$1.59
Poblana PlaceD+ 1/11BR,1BA$1.67
Villa HermosaThe Pueblo Casita2BR,1BA$1.21
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.37
505 Central LoftsStudioStudio ,1BA$1.76
Mehran Lofts0BR/1.0BAStudio ,1BA$1.78
Mesa Ridge ApartmentsThe Sage1BR,1BA$1.67
Valley ApartmentsAzure Platinum1BR,1BA$1.81
Silver Moon LodgeStudioStudio ,1BA$1.76

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
West Old Town, Albuquerque, NM

Ranked #107

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across New Mexico and customized analysis for Albuquerque, New Mexico. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap West Old Town Apartments

What is a cheap apartment in West Old Town?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in West Old Town is under $1,094.

What is the price of a cheap apartment in West Old Town?

The cheapest apartment in West Old Town is Silver Moon Lodge which is listed at $956, while the average apartment in West Old Town costs $1,525.

What types of apartments are the cheapest in West Old Town?

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 21 regular apartments in West Old Town 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 West Old Town?

Cheap apartments in West Old Town have an average cost of $211 which is $1,314 cheaper than the average rent for all rentals in West Old Town.

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.

Helpful Local Expert Guides

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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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The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.