Cheap Homes for Rent in Magdalena, NM from $500 (7 Rentals)

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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.

property at 2800 Vail Ave SE

2800 Vail Ave SE

AlbuquerqueNM87106

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.

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 Silver Gardens Apartments in the Netherwood Park neighborhood priced from $740. Millennium Flats - Washer-Dryer Included in the Hunning Highland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Somerset ParkStudioStudio,1BA$768

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of May 23, 2025 the best value apartment in the Magdalena area is the $1.54 price per square foot Fully Furnished & Decorated Model at Sunport Luxury Townhomes in the in the Southeast Quadrant neighborhood starting from $2,900. The second greatest value Magdalena apartment is the 2 Beds, 1 bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.09 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.
Sunport Luxury TownhomesFully Furnished & Decorated5BR,5BA$1.54
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
Diamond MesaEmerald2BR,2BA$1.56
873-895 Silver Ave SWAmazing1BR,1BA$1.50
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
El Campo Apartments1BR/1.0BA1BR,1BA$1.18
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.47
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53

Quick Rent Budget Calculator

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Frequently Asked Questions about Magdalena

What type of rentals are currently available in Magdalena?

There are currently 41 Apartments for Rent in Magdalena, NM with pricing that ranges from $697 to $7,276. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magdalena ranging from $550 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 $550 to $5,000 with an average monthly rent of $2,180.

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 $799 to $7,276, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,300.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.