Cheap Apartments for Rent in Magdalena, NM from $500 (52 Rentals)

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

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Las Brisas
$833 - $2,421
Total Monthly Price

Total Monthly Price

Base Rent
$790 - $2,378
Required Monthly Fees
$43
Total Monthly Price
$833 - $2,421
1 to 2 Bedroom Apartments Available Now

Las Brisas

1201 San Pedro Blvd SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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Nine-O-Nine Apartments
$1,095 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,395
Total Monthly Price
$1,095 - $1,395
Studio to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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One Central
Rent Specials
$1,400 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,750
Required Monthly Fees
$250
Total Monthly Price
$1,400 - $2,000
1 to 2 Bedroom Apartments Available Now

One Central

1 Central Ave NWAlbuquerque, NM 87102
Transit Friendly
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  • Customer Reviewed
  • 3D Tour
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Canon de Arrowhead
1 to 3 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
  • Utilities Included
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University Village
Studio Apartments

University Village

1901 University Blvd SEAlbuquerque, NM 87106
Corporate Housing
  • 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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509 Girard Terrace
Studio to 2 Bedroom Apartments

509 Girard Terrace

509 Girard Blvd SEAlbuquerque, NM 87106
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
  • Utilities Included
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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
  • Utilities Included
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Don Quixote Apartments
Studio to 2 Bedroom Apartments

Don Quixote Apartments

1811 Lead Ave SEAlbuquerque, NM 87106
  • Utilities Included
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
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Volcanes Commons
1 to 3 Bedroom Apartments

Volcanes Commons

6901 Glenrio Rd NWAlbuquerque, NM 87121
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Ceja Vista Senior 55+
1 to 2 Bedroom Apartments

Ceja Vista Senior 55+

10001 Ceja Vista Rd SWAlbuquerque, NM 87121
Senior Living
  • 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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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801
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Phoenix Apartments
1 to 3 Bedroom Apartments

Phoenix Apartments

1720 Atrisco Dr NWAlbuquerque, NM 87105
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Paseo del Rio II
1 to 3 Bedroom Apartments

Paseo del Rio II

501 Poco Loco Dr SWAlbuquerque, NM 87105
Corporate Housing
  • Utilities Included
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873-895 Silver Ave SW
1 Bedroom Apartments

873-895 Silver Ave SW

873-895 Silver Ave SWAlbuquerque, NM 87102
  • Utilities Included

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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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 Diamond Elite Luxury Townhomes in the Southwest Quadrant neighborhood priced from $599. Villa De San Felipe in the Hunning Highland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamond Elite Luxury TownhomesStudio/1 Bath1BR,1BA$599
Villa De San Felipe1x1D1BR,1BA$784
La Vida NuevaStudiosStudio,1BA$800
Somerset ParkStudioStudio,1BA$822
509 Girard Terrace1 bedroom 1 bathroom1BR,1BA$829
Tierra PointeS1Studio,1BA$831
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$833
Silver Moon LodgeStudioStudio,1BA$897
Vail Manor Apartments1BD1BR,1BA$899
The French QuarterRenovated 1 x1 630 sqft. Going Quick, call to S...1BR,1BA$915

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of April 07, 2026 the best value apartment in the Magdalena area is the $1.28 price per square foot Three Bedroom Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,600. The second greatest value Magdalena apartment is the 2 bedroom 2 bath Model at Canon de Arrowhead starting at $1,154 with a $1.25 price per square foot in the Alamosa 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.
Taylor Ridge ApartmentsThree Bedroom3BR,2BA$1.28
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Home @ Valencia2bd/1ba2BR,1BA$1.10
Marquee Village ApartmentsKaloDuo2BR,1BA$1.47
Silver Gardens ApartmentsTwo Bedroom, Two Bath (60%) - $200 Special2BR,2BA$1.44
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
Vail Manor Apartments1BD1BR,1BA$1.38
509 Girard Terrace1 bedroom 1 bathroom1BR,1BA$1.28
The French QuarterRenovated 1 x1 630 sqft. Going Quick, call to S...1BR,1BA$1.45
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$1.37

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

Explore Magdalena, NM Rentals by Map

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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 Diamond Elite Luxury Townhomes listed at $599.

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

The lowest price for a Cheap One Bedroom Magdalena Apartment is $599 at Diamond Elite Luxury Townhomes.

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 $995 at Home @ Valencia.

What is the most affordable Magdalena Three Bedroom Apartment?

The best deal on a cheap Magdalena Three Bedroom Apartment rental is at Canon de Arrowhead and starts from $1,331.

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 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.

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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.