Cheap Apartments for Rent in Los Lunas, NM from $500 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Los Lunas.

close
View Me
Hillridge Apartments
2 to 3 Bedroom Apartments

Hillridge Apartments

1450 Adela LnLos Lunas, NM 87031
  • Utilities Included
close
View Me
Villa Escondida
2 to 5 Bedroom Apartments

Villa Escondida

1114 Los Claveles Dr SELos Lunas, NM 87031
close
View Me
Gerald Chavez
2 Bedroom Apartments

Gerald Chavez

524 Gerald Chavez Ln NELos Lunas, NM 87031
  • Utilities Included

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

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.

Read Article

Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-32, Page 1 of 1

Los Lunas, NM Local Guide

Cheapest Available Los Lunas Apartments for Rent and Nearby

 

The cheapest available apartment rental in Los Lunas, NM is a 1 Bed unit found at Silver Gardens Apartments in the Netherwood Park neighborhood priced from $740. Millennium Flats - Washer-Dryer Included in the Silver Lofts neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here is today’s list of the most affordable Los Lunas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Home @ Valencia1bd/1ba1BR,1BA$750
9317 Central AveWest StudiosStudio,1BA$795
University VillageStudio-Internet, DirecTV, Utilities IncludedStudio,1BA$800
Las Brisas1 Bed, 1 Bath1BR,1BA$845
Don Quixote ApartmentsStudioStudio,1BA$865
Somerset Park1 Bed, 1 Bath 571 Sq Ft1BR,1BA$880
Zocalo LoftsStudioStudio,1BA$900
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$902

Best Value Apartments for Rent in Los Lunas, NM and Nearby

As of June 20, 2025 the best value apartment in the Los Lunas area is the $1.54 price per square foot Fully Furnished & Decorated Model at Sunport Luxury Townhomes in the in the Southwest Quadrant neighborhood starting from $2,900. The second greatest value Los Lunas apartment is the Two Bedroom One Bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.00 price per square foot in the Southwest Quadrant neighborhood. Here is today’s list of the best values for Los Lunas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunport Luxury TownhomesFully Furnished & Decorated5BR,5BA$1.54
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
The Valencia Apartments3x2 Sm 1100 sq. ft.3BR,2BA$1.50
873-895 Silver Ave SWAmazing1BR,1BA$1.50
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.47
Las Brisas1 Bed, 1 Bath1BR,1BA$1.39
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53
Somerset Park1 Bed, 1 Bath 571 Sq Ft1BR,1BA$1.55
Home @ Valencia1bd/1ba1BR,1BA$1.36

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Los Lunas, NM

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Los Lunas, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Los Lunas, NM

View MapLos Lunas, NM Apartments MapView MapLos Lunas, NM Rental Homes Map

Getting Around Los Lunas, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Los Lunas Apartments

What is the Cheapest Studio apartment in Los Lunas?

Currently the most affordable Cheap Studio Apartment in Los Lunas is at Millennium Flats - Washer-Dryer Included listed at $740.

How much is rent for a Cheap One Bedroom Los Lunas Apartment?

The lowest price for a Cheap One Bedroom Los Lunas Apartment is $740 at Silver Gardens Apartments.

What is the lowest price for a Cheap Two Bedroom Los Lunas Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Los Lunas is starting from $970 at Tierra Pointe.

What is the most affordable Los Lunas Three Bedroom Apartment?

The best deal on a cheap Los Lunas Three Bedroom Apartment rental is at Volcanes Commons and starts from $1,232.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.