Cheap Apartments for Rent near Magdalena, NM from $500 (61 Rentals)

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

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The French Quarter
Rent Specials
$850 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $995
Total Monthly Price
$850 - $995
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
Corporate Housing
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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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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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Nine-O-Nine Apartments
Rent Specials
$1,195 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,395
Total Monthly Price
$1,195 - $1,395
1 to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
Transit Friendly
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  • Utilities Included
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Diamond Mesa
$1,535 - $9,226
Total Monthly Price

Total Monthly Price

Base Rent
$1,535 - $9,226
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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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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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
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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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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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Pine St Studios
Studio to 2 Bedroom Apartments

Pine St Studios

414 Pine St SEAlbuquerque, NM 87106

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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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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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes 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
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Imperial
Studio to 2 Bedroom Apartments

Imperial

205 Silver Ave SWAlbuquerque, NM 87102
  • Utilities Included
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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801
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Continental Flats
1 to 2 Bedroom Apartments

Continental Flats

1201-1229 Palomas Dr SEAlbuquerque, NM 87108

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Home @ Valencia in the South San Pedro neighborhood priced from $695. Diamond Elite Luxury Townhomes in the Southwest Quadrant neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Home @ Valencia1bd/1ba1BR,1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
Millennium FlatsUnit Type AStudio,1BA$775
Vail Manor ApartmentsStudioStudio,1BA$790
Villa De San Felipe0 x 1 BStudio,1BA$799
The Portals ApartmentsA11BR,1BA$800
The French Quarter1x1 Classic (630sqft) RH1BR,1BA$850
Silver Gardens ApartmentsStudio (60%)Studio,1BA$893
Silver Moon LodgeStudioStudio,1BA$897
Tierra PointeS1Studio,1BA$930

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of July 12, 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
Marquee Village ApartmentsKaloDuo2BR,1BA$1.51
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.37
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
The Portals ApartmentsA11BR,1BA$1.14
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
Somerset Park1 Bed 1 Bath 647 sq ft1BR,1BA$1.49
The French Quarter1 x1 Reno (630Sqft)1BR,1BA$1.40
Home @ Valencia1bd/1ba1BR,1BA$1.26

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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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 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 $699.

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

The lowest price for a Cheap One Bedroom Magdalena Apartment is $695 at Home @ Valencia.

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 $950 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.