Cheap Homes for Rent in Los Lunas, NM from $500 (8 Rentals)

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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.

property at 170 El Cerro Lp

170 El Cerro Lp

Los LunasNM87031

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.

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
La Vida NuevaStudiosStudio,1BA$800

Best Value Apartments for Rent in Los Lunas, NM

As of December 04, 2025 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 Bed, 1 Bath Model at Las Brisas starting at $1,181 with a $1.15 price per square foot in the South San Pedro 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
Las Brisas2 Bed, 1 Bath2BR,1BA$1.15
560 Meadowlake Rd560 Meadowlake Rd3BR,1BA$1.50
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Home @ Valencia2bd/1ba2BR,1BA$1.10
Marquee Village ApartmentsKaloDuo-Premium2BR,1BA$1.47
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
The Lanai Apartments1BD/1B1BR,1BA$1.38
Silver Gardens Apartments1 Bedroom (60%)1BR,1BA$1.54
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.

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

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Frequently Asked Questions about Los Lunas

What type of rentals are currently available in Los Lunas?

There are currently 60 Apartments for Rent in Los Lunas, NM with pricing that ranges from $730 to $2,895. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Lunas ranging from $500 to $5,000.

What is the current price range for Rental Homes in Los Lunas?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Los Lunas ranges from $500 to $5,000 with an average monthly rent of $1,943.

How much are larger Three and Four Bedroom Rentals in Los Lunas?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Los Lunas range from $1,150 to $2,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,300.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!