Cheap Apartments for Rent in Malaga, NM from $300 (34 Rentals)

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

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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Parkside Terrace
1 to 3 Bedroom Apartments

Parkside Terrace

300 E White StHobbs, NM 88240
  • Utilities Included

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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Roselawn Manor
1 to 3 Bedroom Apartments

Roselawn Manor

800 S Roselawn AveArtesia, NM 88210
Senior Living
  • Utilities Included
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Park Place
1 to 3 Bedroom Apartments

Park Place

920 E Michigan AveHobbs, NM 88240
  • Utilities Included
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101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included
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Skyview Terrace
1 to 3 Bedroom Apartments

Skyview Terrace

3600 N Skyview StHobbs, NM 88240
  • Utilities Included
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New Leaf
1 to 3 Bedroom Apartments

New Leaf

1601 E Marland StHobbs, NM 88240
  • 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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property at 3710 W Grand Ave

$1,450

2 Bedroom, 1 Bath Home for Rent

Available Now

3710 W Grand Ave

ArtesiaNM88210
Showing Results 1-34, Page 1 of 1

Malaga, NM Local Guide

Cheapest Available Malaga Apartments for Rent and Nearby

 

The cheapest available apartment rental in Malaga, NM is a 1 Bed unit found at La Pradera priced from $519. Playa Escondida has the second lowest priced unit, which is a 3 Beds apartment currently listed from $709. Here is today’s list of the most affordable Malaga apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Pradera1 Bedroom1BR,1BA$519
Playa Escondida3 Bedrooms3BR,2BA$709
Mission Village of Pecos1 Bed, 1 bath1BR,1BA$856
Jefferson House ApartmentsOne Bedroom One Bath1BR,1BA$870
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$987
Yucca Flats ApartmentsOne Bedroom1BR,1BA$999
Eagle CreekOne Bedroom1BR,1BA$1,049
Vista del SolOne Bedroom1BR,1BA$1,150
Vista Del Rio-FREE UtilitiesOne Bedroom1BR,1BA$1,199
RiverwoodA11BR,1BA$1,200

Best Value Apartments for Rent in Malaga, NM and Nearby

As of May 27, 2026 the best value apartment in the Malaga area is the $1.22 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,345. The second greatest value Malaga apartment is the Two Bedroom, Two Bath Model at Lovington Trails starting at $1,399 with a $1.40 price per square foot . Here is today’s list of the best values for Malaga apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwind Terrace TownhomesUnfurnished2BR,1.5BA$1.22
Lovington TrailsTwo Bedroom, Two Bath2BR,2BA$1.40
Playa Escondida2 Bedrooms2BR,1BA$1.43
La Pradera2 Bedrooms2BR,1BA$0.68
Tia MariaTwo Bedroom2BR,1BA$1.39
Woodleaf - FREE UtilitiesTwo Bedroom2BR,1BA$1.52
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Mission Village of Pecos1 Bed, 1 bath1BR,1BA$1.14
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
Eagle CreekOne Bedroom1BR,1BA$1.54

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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Malaga, NM Rentals by Map

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See the most popular apartments and homes in Malaga, NM

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Frequently Asked Questions about Cheap Malaga Apartments

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

The lowest price for a Cheap One Bedroom Malaga Apartment is $519 at La Pradera.

What is the lowest price for a Cheap Two Bedroom Malaga Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Malaga is starting from $622 at La Pradera.

What is the most affordable Malaga Three Bedroom Apartment?

The best deal on a cheap Malaga Three Bedroom Apartment rental is at La Pradera and starts from $706.

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.

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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.