Cheap Apartments for Rent in Magdalena, NM from $400 (66 Rentals)

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

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
$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
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Diamond Mesa
$1,552 - $10,075
Total Monthly Price

Total Monthly Price

Base Rent
$1,552 - $10,075
Total Monthly Price
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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
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University Village
Studio Apartments

University Village

1901 University Blvd SEAlbuquerque, NM 87106
Corporate Housing
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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

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

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
  • Utilities Included

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
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
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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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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
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Imperial
Studio to 2 Bedroom Apartments

Imperial

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

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801

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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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 Generations at West Mesa in the Ironhorse at El Rancho Grande neighborhood priced from $439. Home @ Valencia in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Generations at West MesaOne Bedroom 584 Sq Ft1BR,1BA$439
Home @ Valencia1bd/1ba1BR,1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
Millennium FlatsUnit Type AStudio,1BA$790
Villa De San Felipe0 x 1 BStudio,1BA$799
The Portals ApartmentsA11BR,1BA$800
La Vida NuevaStudiosStudio,1BA$800
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$829
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$844
Pine St StudiosUnit 081BR,1BA$850

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of May 27, 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
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.37
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
The Portals ApartmentsA11BR,1BA$1.14
Updated Studio, one bedroom and two bedroom units1BD1BR,1BA$1.38
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$1.28
Pine St StudiosUnit 081BR,1BA$1.31
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!

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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 $439 at Generations at West Mesa.

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 $911 at Tierra Pointe.

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 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.

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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.

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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.