3500 Eastern Ave SE
AlbuquerqueNM87106
Cheap Homes for Rent in Magdalena, NM from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Magdalena.
108 B St
SocorroNM87801
845 Rc Baca Ln
Los LunasNM87031
106 B St
SocorroNM87801
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.
513 S 13th St
BelenNM87002
2800 Vail Ave SE
AlbuquerqueNM87106
820 Arno St SE
AlbuquerqueNM87102
122 Tafoya Rd
BelenNM87002
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.
Showing Results 1-8, Page 1 of 1
Magdalena, NM Local Guide
Ladron Peak by Michael Zanussi is licensed under CC BY 2.0
How much does it cost to rent a home in Magdalena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magdalena 2 Bedroom Homes for Rent | $1,560 | $1,200 | $2,150 |
| Magdalena 3 Bedroom Homes for Rent | $2,108 | $1,050 | $5,000 |
| Magdalena 4 Bedroom Homes for Rent | $2,526 | $1,895 | $4,600 |
| Magdalena 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Magdalena
Explore Magdalena
Magdalena, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Elite Luxury Townhomes | 1 Bed/1 Bath | 1BR,1BA | $599 |
| Villa De San Felipe | 1x1D | 1BR,1BA | $784 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
Best Value Apartments for Rent in Magdalena, NM and Nearby
As of April 16, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Taylor Ridge Apartments | Three Bedroom | 3BR,2BA | $1.28 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| The Portals Apartments | B1 | 2BR,1BA | $1.09 |
| Home @ Valencia | 2bd/1ba | 2BR,1BA | $1.10 |
| Marquee Village Apartments | KaloDuo | 2BR,1BA | $1.47 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) - $200 Special | 2BR,2BA | $1.44 |
| Villa Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| Updated Studio, one bedroom and two bedroom units | 1BD | 1BR,1BA | $1.38 |
| The French Quarter | Renovated 1 x1 630 sqft. Going Quick, call to S... | 1BR,1BA | $1.45 |
| Las Brisas | 1 Bed, 1 Bath A (60% Income Restricted) | 1BR,1BA | $1.39 |
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.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Magdalena area?
If you’re an expert on all things Magdalena, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Magdalena, NM Rentals by Map
See the most popular apartments and homes in Magdalena, NM
Frequently Asked Questions about Magdalena
What type of rentals are currently available in Magdalena?
There are currently 53 Apartments for Rent in Magdalena, NM with pricing that ranges from $500 to $2,698. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magdalena ranging from $750 to $5,000.
What is the current price range for Rental Homes in Magdalena?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magdalena ranges from $750 to $5,000 with an average monthly rent of $1,962.
How much are larger Three and Four Bedroom Rentals in Magdalena?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Magdalena range from $1,150 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,300.
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
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.
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.
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.
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.