Cheap Apartments for Rent in Madrid, NM from $800 (54 Rentals)

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

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Copper Hills
Rent Specials
$999 - $1,253
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$999 - $1,253
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1 to 2 Bedroom Apartments Available Now

Copper Hills

4200 Spanish Bit NEAlbuquerque, NM 87111
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  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Mica
$1,451 - $2,347
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$1,451 - $2,347
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1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
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Local 1896
$1,517 - $2,487
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Total Monthly Price

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$1,517 - $2,487
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1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
Furnished
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  • 3D Tour

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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Allaso Vineyards
Rent Specials
$1,554 - $2,493
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Total Monthly Price

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$1,554 - $2,493
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1 to 2 Bedroom Apartments Available Now

Allaso Vineyards

8901 Holly Ave NEAlbuquerque, NM 87122
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Turquesa
Rent Specials
$1,594 - $2,678
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$1,594 - $2,678
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1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
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South Meadows
Rent Specials
$1,634 - $2,658
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$1,634 - $2,658
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1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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Solwyn
Rent Specials
$1,644 - $2,679
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$1,644 - $2,679
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1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
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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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Allaso High Desert
Rent Specials
$1,648 - $2,964
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$1,648 - $2,964
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1 to 3 Bedroom Apartments Available Now

Allaso High Desert

6701 Tennyson St NEAlbuquerque, NM 87111
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Madera Apartments
$1,740 - $2,757
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Base Rent
$1,740 - $2,757
Total Monthly Price
$1,740 - $2,757
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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Arcadia
Rent Specials
$1,830 - $2,934
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$1,830 - $2,934
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1 to 3 Bedroom Apartments Available Now

Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
Family Friendly
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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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Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
Corporate Housing

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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Madrid, NM Local Guide

Cheapest Available Madrid Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madrid, NM is a Studio unit found at Santa Fe Suites in the Pueblos Del Sol neighborhood priced from $899. Casitas Del Bella in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$899
Casitas Del BellaEfficiency Grey WallsStudio,1BA$925
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1,029
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Copper Hills2x12BR,1BA$1,103
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,178
Casa Loma ApartmentsStudioStudio,1BA$1,250
Enchanted HillsAcoma1BR,1BA$1,290
Allegro at Tanoan1 Bedroom 1 Bath1BR,1BA$1,338

Best Value Apartments for Rent in Madrid, NM and Nearby

As of May 19, 2026 the best value apartment in the Madrid area is the $1.33 price per square foot 3x2 Model at Coronado Townhomes in the in the Encantado del Norte Heritage Series neighborhood starting from $1,765. The second greatest value Madrid apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,399 with a $1.82 price per square foot in the Tiempo Lindo 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.
Coronado Townhomes3x23BR,2BA$1.33
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.82
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR,2.5BA$1.72
Allegro at Tanoan2 Bedroom 2 Bath2BR,2BA$1.63
La Mirage Apartment HomesTijeras2BR,2BA$1.61
Soleras StationTwo Bedroom2BR,1BA$2.00
Copper Hills2x12BR,1BA$1.23
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$2.07
Evergreen Apartments1x1-B1BR,1BA$1.70
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.77

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,029 at Casa de Encantada Senior Apartments.

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 $1,095 at Casa de Encantada Senior Apartments.

What is the most affordable Madrid Three Bedroom Apartment?

The best deal on a cheap Madrid Three Bedroom Apartment rental is at Coronado Townhomes and starts from $1,765.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.