Cheap Apartments for Rent in Madrid, NM from $800 (35 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
$849 - $1,131
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,131
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Copper Hills

4200 Spanish Bit NEAlbuquerque, NM 87111
Affordability
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  • Customer Reviewed
  • Low Income
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Vista Alegre Apartments
$1,213 - $2,987
Total Monthly Price

Total Monthly Price

Base Rent
$1,143 - $2,917
Required Monthly Fees
$70
Total Monthly Price
$1,213 - $2,987
Studio to 2 Bedroom Apartments Available Now

Vista Alegre Apartments

1469 Zepol RdSanta Fe, NM 87507
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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The Mica
$1,395 - $2,143
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $2,027
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1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
Affordability
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  • Customer Reviewed
  • 3D Tour

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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South Meadows
Rent Specials
$1,563 - $2,529
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $2,521
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Orchards
1 to 2 Bedroom Apartments

The Orchards

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-35, 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 $849. 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
Copper Hills1x11BR,1BA$849
Casitas Del BellaEfficiency Grey WallsStudio,1BA$925
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,213
Elevate at OsloStudio - 325Studio,1BA$1,275
Artista2x12BR,1BA$1,299
Enchanted HillsBandelier1BR,1BA$1,300
La Mirage Apartment HomesJemez1BR,1BA$1,364
Dakota CanyonLa Casa A1BR,1BA$1,395

Best Value Apartments for Rent in Madrid, NM and Nearby

As of April 04, 2026 the best value apartment in the Madrid area is the $1.81 price per square foot The Juniper Model at The Mica in the in the Don Digeo neighborhood starting from $2,118. The second greatest value Madrid apartment is the 2 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $1,827 with a $1.79 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.
The MicaThe Juniper3BR,2BA$1.81
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR,2BA$1.79
Talavera Apartment HomesChamisa3BR,2BA$1.89
Soleras StationTwo Bedroom2BR,1BA$2.00
Rancho Carrera ApartmentsTwo Bedroom2BR,2BA$1.82
Allegro at Tanoan1 Bedroom 1 Bath1BR,1BA$1.76
Coronado Townhomes2x22BR,2BA$2.01
La Mirage Apartment HomesJemez1BR,1BA$1.93
Copper Hills1x11BR,1BA$1.21
Evergreen Apartments1x1-B1BR,1BA$1.70

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.

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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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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 Casitas Del Bella listed at $925.

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

The lowest price for a Cheap One Bedroom Madrid Apartment is $849 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 $999 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 Artista and starts from $1,699.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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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.

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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.