Cheap Homes for Rent in West Old Town Neighborhood of Albuquerque, NM from $900 (5 Rentals)

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Search the lowest-cost Homes 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.

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.

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

Best Value Apartments for Rent in West Old Town, NM

As of June 12, 2026 the best value apartment in the West Old Town area is the $1.58 price per square foot Two Bed Two Bath Loft Model at Monterey Place in the in the Alamosa neighborhood starting from $2,325. The second greatest value West Old Town apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $1,900 with a $1.76 price per square foot in the Northwest Quadrant 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.
Monterey PlaceTwo Bed Two Bath Loft2BR,2BA$1.58
Villas @ Rio2BR/2.0BA2BR,2BA$1.76
Poblana PlaceD+ 1/11BR,1BA$1.67
Villa HermosaThe Pueblo Casita2BR,1BA$1.24
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.52
505 Central LoftsStudioStudio ,1BA$1.76
Mehran Lofts0BR/1.0BAStudio ,1BA$1.75
Valley ApartmentsAzure Platinum1BR,1BA$1.81
Mesa Ridge ApartmentsThe Iris1BR,1BA$1.83
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 #99

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about West Old Town

What type of rentals are currently available in West Old Town?

There are currently 217 Apartments for Rent in West Old Town, NM with pricing that ranges from $700 to $2,325. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Old Town ranging from $900 to $5,200.

What is the current price range for Rental Homes in West Old Town?

Today's rental pricing for Homes for Rent, Condos and Townhomes in West Old Town ranges from $900 to $5,200 with an average monthly rent of $1,767.

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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.