Cheap Apartments for Rent in Magdalena, NM from $700 (29 Rentals)

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

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 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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-29, Page 1 of 1

Magdalena, NM Local Guide

Cheapest Available Magdalena Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magdalena, NM is a 1 Bed unit found at Silver Gardens Apartments in the Netherwood Park neighborhood priced from $740. Millennium Flats - Washer-Dryer Included in the Silver Lofts neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Home @ Valencia1bd/1ba1BR,1BA$750
9317 Central AveWest StudiosStudio,1BA$795
University VillageStudio-Internet, DirecTV, Utilities IncludedStudio,1BA$800
Las Brisas1 Bed, 1 Bath1BR,1BA$828
Don Quixote ApartmentsStudioStudio,1BA$865
Somerset Park1 Bed, 1 Bath 571 Sq Ft1BR,1BA$880
Silver Moon LodgeStudio 2Studio,1BA$897
Zocalo LoftsStudioStudio,1BA$900

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of July 27, 2025 the best value apartment in the Magdalena area is the $1.50 price per square foot Garnet Model at Diamond Mesa in the in the Ironhorse at El Rancho Grande neighborhood starting from $1,873. The second greatest value Magdalena apartment is the Two Bedroom One Bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.00 price per square foot in the Southwest Quadrant neighborhood. Here is today’s list of the best values for Magdalena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Diamond MesaGarnet3BR,2.5BA$1.50
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
3409 Thaxton Ave SE3 Bedroom3BR,1.5BA$1.39
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.47
Las Brisas1 Bed, 1 Bath1BR,1BA$1.25
The French Quarter1x1 Classic (630sqft) RH1BR,1BA$1.45
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53
Home @ Valencia1bd/1ba - Rehabbed1BR,1BA$1.45

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Pet Friendly Lifestyle
Magdalena, NM

Ranked #23

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Magdalena, NM Rentals by Map

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See the most popular apartments and homes in Magdalena, NM

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Getting Around Magdalena, NM

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Magdalena Apartments

What is the Cheapest Studio apartment in Magdalena?

Currently the most affordable Cheap Studio Apartment in Magdalena is at Millennium Flats - Washer-Dryer Included listed at $740.

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

The lowest price for a Cheap One Bedroom Magdalena Apartment is $740 at Silver Gardens Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magdalena is starting from $985 at Las Brisas.

What is the most affordable Magdalena Three Bedroom Apartment?

The best deal on a cheap Magdalena Three Bedroom Apartment rental is at Volcanes Commons and starts from $1,232.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.