Cheap Apartments for Rent in Los Lunas, NM from $500 (37 Rentals)

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

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Hillridge Apartments
2 to 3 Bedroom Apartments

Hillridge Apartments

1450 Adela LnLos Lunas, NM 87031
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Villa Escondida
2 to 5 Bedroom Apartments

Villa Escondida

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

Gerald Chavez

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

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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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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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.

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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
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Don Quixote Apartments
Studio to 2 Bedroom Apartments

Don Quixote Apartments

1811 Lead Ave SEAlbuquerque, NM 87106
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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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Ceja Vista Senior 55+
1 to 2 Bedroom Apartments

Ceja Vista Senior 55+

10001 Ceja Vista Rd SWAlbuquerque, NM 87121
Senior Living
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CRESTWOOD APARTMENTS
1 to 2 Bedroom Apartments

CRESTWOOD APARTMENTS

3612-3620 Crest Ave SEAlbuquerque, NM 87116
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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.

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Showing Results 1-37, Page 1 of 1

Los Lunas, NM Local Guide

Cheapest Available Los Lunas Apartments for Rent

 

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 in the Silver Lofts neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. 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 FlatsUnit Type BStudio,1BA$795
Tierra PointeS1Studio,1BA$797
La Vida NuevaStudiosStudio,1BA$800
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$829
The French Quarter1x1 Classic (630sqft) RH1BR,1BA$880
Silver Moon LodgeStudioStudio,1BA$897
ImperialStudio - Call for AvailabilityStudio,1BA$900
The Lanai Apartments3rd Floor 1be/1bath1BR,1BA$900
Mehran LoftsStudio1BR,1BA$900

Best Value Apartments for Rent in Los Lunas, NM

As of January 19, 2026 the best value apartment in the Los Lunas area is the $1.00 price per square foot Two Bedroom One Bath Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,200. The second greatest value Los Lunas apartment is the 2 bedroom 2 bath Model at Canon de Arrowhead starting at $1,154 with a $1.25 price per square foot in the Alamosa 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.
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Marquee Village ApartmentsKaloDuo2BR,1BA$1.41
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
The Lanai Apartments3rd Floor 1be/1bath1BR,1BA$1.38
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$1.28
The French QuarterRenovated 1 x1 630 sqft. Going Quick, call to S...1BR,1BA$1.60
Silver Gardens Apartments1 Bedroom (60%)1BR,1BA$1.54
Somerset Park1 Bed, 1 Bath 571 Sq Ft1BR,1BA$1.57
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53

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 Article
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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Best Local Schools in
Los Lunas, NM

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 listed at $795.

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 $999 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

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

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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.