Cheap Apartments for Rent in Magdalena, NM from $500 (31 Rentals)

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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
  • Utilities Included
  • Smoke Free
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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
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CRESTWOOD APARTMENTS
1 to 2 Bedroom Apartments

CRESTWOOD APARTMENTS

3612-3620 Crest Ave SEAlbuquerque, NM 87116
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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801
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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 509 Girard Terrace Apartments in the Southeast Quadrant neighborhood priced from $559. 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
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$559
Home @ Valencia1bd/1ba1BR,1BA$695
Tierra PointeS1Studio,1BA$700
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium FlatsUnit Type AStudio,1BA$765
Villa de San FelipeChelseaStudio,1BA$850
Las Brisas1 Bed, 1 Bath1BR,1BA$891
Silver Moon LodgeStudioStudio,1BA$897
ImperialStudio - Call for AvailabilityStudio,1BA$900
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$902

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of November 13, 2025 the best value apartment in the Magdalena area is the $1.56 price per square foot Coral Model at Diamond Mesa in the in the Ironhorse at El Rancho Grande neighborhood starting from $2,069. 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 MesaCoral3BR,1.5BA$1.56
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Marquee Village ApartmentsKaloDuo2BR,1BA$1.45
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.54
Las Brisas1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1.58
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53
Home @ Valencia1bd/1ba1BR,1BA$1.26

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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!

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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 Tierra Pointe listed at $700.

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

The lowest price for a Cheap One Bedroom Magdalena Apartment is $559 at 509 Girard Terrace 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 $964 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 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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.