
Cheap Apartments for Rent in Laguna, NM from $700 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Laguna.


Bluewater Village

Millennium Flats

The Beach

Silver Moon Lodge

Villa Hermosa

Alvarado Apartments

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Valley Apartments

Mesa Ridge Apartments

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Aydan
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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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Nine-O-Nine Apartments

The Artisan @ Sawmill Village

Taylor Ridge Apartments

Del Rio Apartments

City View

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Taylor Ranch

Puerta Del Sol

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Stride West

Resort at Sandia Village

Villas @ Rio
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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Cantata at the Trails

228 16th St NW

Monterey Place

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Diamond Mesa

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Overture Andalucia 55+ Active Adult Apartment Homes

Huning Castle Apartments

Andalucia Villas

Affinity at Albuquerque 55+

The Eleanor at Rio Rancho

Canon de Arrowhead
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.

Marbella-Income Restricted Waitlist

Adobe Manor Apartments

Route 66 Headquarters

Tierra Pointe

El Campo Apartments

Volcanes Commons

Ceja Vista Senior 55+

Welcome Home To Rio Volcan!

Generations at West Mesa

Phoenix Apartments: Rises Above the Rest!
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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.

Paseo del Rio II

10649 Microlith Rd SW

1327 Ojo Feliz St SW

1521 Del Monte Trail SW

930 Desert Senna Ave SW

8405 Vista Estrella Ln SW

981 Purple Aster Ave SW

511 Rain Lily Rd SW

701 Desert Senna Ave SW

3380 Prairie Sage St SW
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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.
Laguna, NM Local Guide

How much does it cost to rent an apartment in Laguna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laguna Studio Apartments | $1,008 | $790 | $1,826 |
| Laguna 1 Bedroom Apartments | $1,423 | $785 | $2,079 |
| Laguna 2 Bedroom Apartments | $1,846 | $895 | $3,523 |
| Laguna 3 Bedroom Apartments | $2,460 | $1,150 | $3,930 |
| Laguna 4 Bedroom Apartments | $3,301 | $1,300 | $3,763 |
Browse Top Apartments in Laguna
See all Apartments in LagunaExplore Laguna
Laguna, NM Local Guide
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Cheapest Available Laguna Apartments for Rent and Nearby
 The cheapest available apartment rental in Laguna, NM is a Studio unit found at Millennium Flats in the Silver Lofts neighborhood priced from $790. Tierra Pointe in the Ironhorse at El Rancho Grande neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here is today’s list of the most affordable Laguna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Tierra Pointe | A1 | 1BR,1BA | $854 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Alvarado Apartments | A | Studio,1BA | $969 |
| Villa Hermosa | The Pueblo | 2BR,1BA | $1,046 |
| Nine-O-Nine Apartments | Studio | Studio,1BA | $1,095 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1,100 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1,154 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1,168 |
Best Value Apartments for Rent in Laguna, NM and Nearby
As of June 04, 2026 the best value apartment in the Laguna 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 Laguna apartment is the Verdant Model at Via Verde starting at $2,235 with a $1.67 price per square foot in the Paradise Hills neighborhood. Here is today’s list of the best values for Laguna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Monterey Place | Two Bed Two Bath Loft | 2BR,2BA | $1.58 |
| Via Verde | Verdant | 2BR,2.5BA | $1.67 |
| Andalucia Villas | Baeze 2U | 2BR,2BA | $1.64 |
| Taylor Ridge Apartments | Three Bedroom | 3BR,2BA | $1.28 |
| Villa Hermosa | The Taos | 2BR,2BA | $1.22 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Aydan | Sage Renovated | 2BR,2BA | $1.53 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.52 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.72 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.38 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Laguna, NM Rentals by Map
See the most popular apartments and homes in Laguna, NM
Frequently Asked Questions about Cheap Laguna Apartments
What is the Cheapest Studio apartment in Laguna?
Currently the most affordable Cheap Studio Apartment in Laguna is at Millennium Flats listed at $790.
How much is rent for a Cheap One Bedroom Laguna Apartment?
The lowest price for a Cheap One Bedroom Laguna Apartment is $854 at Tierra Pointe.
What is the lowest price for a Cheap Two Bedroom Laguna Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Laguna is starting from $1,046 at Villa Hermosa.
What is the most affordable Laguna Three Bedroom Apartment?
The best deal on a cheap Laguna Three Bedroom Apartment rental is at Canon de Arrowhead and starts from $1,331.
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

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.

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.