
Cheap Apartments for Rent in Los Lunas, NM from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Los Lunas.


1141 Colibri Ave NW

Hillridge Apartments

Villa Escondida

Gerald Chavez

Bluewater Village
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.

Total Monthly Price
Las Brisas

Total Monthly Price
Tierra Pointe

Millennium Flats

Vail Manor Apartments

University Village

La Vida Nueva
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.

Somerset Park

The Beach

The Portals Apartments

Villa de San Felipe

Silver Moon Lodge

The Lanai Apartments
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.

Zocalo Lofts

3500 Eastern Ave SE

Marbella-Income Restricted Waitlist

509 Girard Terrace

Adobe Manor Apartments

Route 66 Headquarters
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.

Don Quixote Apartments

El Campo Apartments
Los Lunas, NM Local Guide

How much does it cost to rent an apartment in Los Lunas?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Los Lunas Studio Apartments | $1,097 | $780 | $1,800 |
| Cheap Los Lunas 1 Bedroom Apartments | $1,091 | $730 | $1,850 |
| Cheap Los Lunas 2 Bedroom Apartments | $1,500 | $895 | $2,250 |
| Cheap Los Lunas 3 Bedroom Apartments | $1,638 | $1,150 | $2,156 |
| Cheap Los Lunas 4 Bedroom Apartments | $1,889 | $1,300 | $2,478 |
Browse Top Apartments in Los Lunas
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Los Lunas, NM Local Guide
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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. Las Brisas in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $767. Here is today’s list of the most affordable Los Lunas apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
| Las Brisas | 1 Bed, 1 Bath A (60% Income Restricted) | 1BR,1BA | $767 |
| Tierra Pointe | S1 | Studio,1BA | $780 |
| Vail Manor Apartments | Studio | Studio,1BA | $790 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| La Vida Nueva | Studios | Studio,1BA | $800 |
| Villa de San Felipe | Chelsea | Studio,1BA | $850 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| The Lanai Apartments | 3rd Floor 1be/1bath | 1BR,1BA | $900 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
Best Value Apartments for Rent in Los Lunas, NM
As of March 22, 2026 the best value apartment in the Los Lunas area is the $1.28 price per square foot Three Bedroom Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,600. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Taylor Ridge Apartments | Three Bedroom | 3BR,2BA | $1.28 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Marquee Village Apartments | KaloDuo-Premium | 2BR,1BA | $1.53 |
| Villa Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| The Lanai Apartments | 3rd Floor 1be/1bath | 1BR,1BA | $1.38 |
| The French Quarter | Renovated 1 x1 630 sqft. Going Quick, call to S... | 1BR,1BA | $1.58 |
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $1.20 |
| Las Brisas | 1 Bed, 1 Bath A | 1BR,1BA | $1.35 |
| Somerset Park | 1 Bed, 1 Bath 571 Sq Ft | 1BR,1BA | $1.57 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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 ArticleThe 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.
Read ArticleCash 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.
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.
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
See the most popular apartments and homes in Los Lunas, NM
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 Tierra Pointe listed at $780.
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 $1,035 at Las Brisas.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.