
Cheap Apartments for Rent in the West Old Town Neighborhood of Albuquerque, NM from $400 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the West Old Town area of Albuquerque.


Villa De San Felipe

Millennium Flats

Bluewater Village

513 Candelaria Rd NW

The Beach

Silver Gardens Apartments

Silver Moon Lodge

Alvarado Apartments

Zocalo Lofts
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.

Total Monthly Price
Valley Apartments

Villa Hermosa

Mesa Ridge Apartments

Total Monthly Price
Nine-O-Nine Apartments

The Artisan @ Sawmill Village

514 10th St SW

300 San Pasquale Ave NW

Total Monthly Price
Stride West

505 Central Lofts

Tucson Apartments
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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.

1420 4th St NW

Candelaria Gardens

Arcadia Courtyard

816 Coal Ave SW

El Sol

Sawmill Lofts

5315 Yucca Cir NE

Villa Nueva Senior Apartments

Downtown @ 700

New Life Homes 4
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Marbella-Income Restricted Waitlist

West Central Apartments

Rainbow Apartments

El Campo Apartments

The Crossroads

426 Headingly Ave NW

Sterling Downtown

Imperial

Casitas de Colores

The Franz
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Generations at West Mesa

1311 Barelas Rd SW

2440 Rose Ave NW

Old Town Casitas

120 10th St NW

Anthea

Mehran Lofts

816 13th St NW

Phoenix Apartments

Poblana Place
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West Old Town, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in West Old Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| West Old Town Studio Apartments | $946 | $700 | $1,800 |
| West Old Town 1 Bedroom Apartments | $1,338 | $785 | $2,200 |
| West Old Town 2 Bedroom Apartments | $1,512 | $895 | $2,800 |
| West Old Town 3 Bedroom Apartments | $1,531 | $1,150 | $1,800 |
| West Old Town 4 Bedroom Apartments | $1,300 | $1,300 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the West Old Town Neighborhood of Albuquerque, NM.
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West Old Town, Albuquerque, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa De San Felipe | 0 x 1 C | Studio,1BA | $749 |
| Millennium Flats | Unit Type A | Studio,1BA | $775 |
| Silver Gardens Apartments | Studio (60%) | Studio,1BA | $893 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $969 |
| Villa Hermosa | The Pueblo | 2BR,1BA | $1,008 |
| Zocalo Lofts | Large Studio with Balcony | Studio,1BA | $1,025 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1,050 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1,089 |
| Valley Apartments | Azure Platinum | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.76 |
| Monterey Place | Two Bedroom - Two Bath | 2BR,2BA | $1.59 |
| Poblana Place | D+ 1/1 | 1BR,1BA | $1.67 |
| Villa Hermosa | The Pueblo Casita | 2BR,1BA | $1.21 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.37 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| Mehran Lofts | 0BR/1.0BA | Studio ,1BA | $1.78 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1.67 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.81 |
| Silver Moon Lodge | Studio | Studio ,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.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleWest Old Town, Albuquerque, NM
Ranked #107
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in West Old Town, Albuquerque, NM
School data provided by Great Schools
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

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.

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.

Albuquerque Uncovered: Your Local Experts Guide to the High Desert City
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I still recollect my first morning commute in Albuquerque.
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Creative Ways Developers Reimagine Retail Spaces as Residential Units
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