Cheap Apartments for Rent near Malaga, NM from $300 (37 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

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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Showing Results 1-37, 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 Fairway Flats priced from $479. La Pradera has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Malaga apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairway Flats1 Bed/ 1 Bath1BR,1BA$479
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
RiverwoodA11BR,1BA$1,095
Vista del SolOne Bedroom1BR,1BA$1,150

Best Value Apartments for Rent in Malaga, NM and Nearby

As of July 12, 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 2 Bedrooms Model at Playa Escondida starting at $1,338 with a $1.43 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
Playa Escondida2 Bedrooms2BR,1BA$1.43
Lovington TrailsOne Bedroom1BR,1BA$1.30
La Pradera2 Bedrooms2BR,1BA$0.68
Tia MariaTwo Bedroom2BR,1BA$1.39
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
RiverwoodA11BR,1BA$1.44
Mission Village of Pecos1 Bed, 1 bath1BR,1BA$1.14
Fairway Flats1 Bed/ 1 Bath1BR,1BA$0.67
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43

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 $479 at Fairway Flats.

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 $539 at Fairway Flats.

What is the most affordable Malaga Three Bedroom Apartment?

The best deal on a cheap Malaga Three Bedroom Apartment rental is at Fairway Flats and starts from $579.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.