Cheap Apartments for Rent in Madrid, NM from $800 (21 Rentals)

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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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The Orchards
1 to 2 Bedroom Apartments

The Orchards

247 U.S. 550Bernalillo, NM 87004
  • Utilities Included

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 1-21, Page 1 of 1

Madrid, NM Local Guide

Cheapest Available Madrid Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madrid, NM is a 1 Bed unit found at Copper Hills in the Foothills neighborhood priced from $899. Santa Fe Suites in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here is today’s list of the most affordable Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Copper Hills1x11BR,1BA$899
Santa Fe SuitesStudioStudio,1BA$899
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149

Best Value Apartments for Rent in Madrid, NM and Nearby

As of December 28, 2025 the best value apartment in the Madrid area is the $1.58 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,085. The second greatest value Madrid apartment is the 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills starting at $1,995 with a $1.64 price per square foot in the Encantado del Norte Heritage Series neighborhood. Here is today’s list of the best values for Madrid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.58
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)3BR,3.5BA$1.64
Allaso VineyardsB52BR,2BA$1.95
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.77
The MicaThe Pines1BR,1BA$1.84
Allegro at Tanoan1 Bedroom 1 Bath1BR,1BA$1.67
Altezza High DesertTogano1BR,1BA$1.91
Copper Hills1x11BR,1BA$1.28
Evergreen Apartments1x1-B1BR,1BA$1.70
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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

Explore Madrid, NM Rentals by Map

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See the most popular apartments and homes in Madrid, NM

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Frequently Asked Questions about Cheap Madrid Apartments

What is the Cheapest Studio apartment in Madrid?

Currently the most affordable Cheap Studio Apartment in Madrid is at Santa Fe Suites listed at $899.

How much is rent for a Cheap One Bedroom Madrid Apartment?

The lowest price for a Cheap One Bedroom Madrid Apartment is $899 at Copper Hills.

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

Today's best deal for a Cheap Two Bedroom Apartment in Madrid is starting from $1,099 at Copper Hills.

What is the most affordable Madrid Three Bedroom Apartment?

The best deal on a cheap Madrid Three Bedroom Apartment rental is at La Mirage Apartment Homes and starts from $1,639.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!