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Parkside Terrace
300 E White StHobbs, NM 88240
Cheap Apartments for Rent in Malaga, NM from $300 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Malaga.
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New Leaf
1601 E Marland StHobbs, NM 88240
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.
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from $770Studio to 2 Bedroom Apartments Contact Us For Availability
Jefferson House Apartments
2001 N Jefferson StHobbs, NM 88240
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from $8301 to 3 Bedroom Apartments Contact Us For Availability
Park Place
920 E Michigan AveHobbs, NM 88240
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Woodleaf - FREE Utilities
3320 N Dal Paso StHobbs, NM 88240
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.
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Malaga, NM Local Guide
Fields in New Mexico by Laura Lee Dooley is licensed under CC BY 2.0
How much does it cost to rent an apartment in Malaga?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Malaga Studio Apartments | $1,040 | $770 | $1,310 |
| Malaga 1 Bedroom Apartments | $1,130 | $324 | $2,100 |
| Malaga 2 Bedroom Apartments | $1,451 | $383 | $2,240 |
| Malaga 3 Bedroom Apartments | $2,103 | $438 | $5,493 |
Browse Top Apartments in Malaga
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Malaga, NM Local Guide
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Cheapest Available Malaga Apartments for Rent and Nearby
The cheapest available apartment rental in Malaga, NM is a 1 Bed unit found at Roselawn Manor priced from $422. EMLI Artesia: Income Qualify Today has the second lowest priced unit, which is a 1 Bed apartment currently listed from $987. Here is today’s list of the most affordable Malaga apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roselawn Manor | One Bedroom | 1BR,1BA | $422 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $987 |
| Yucca Flats Apartments | One Bedroom | 1BR,1BA | $999 |
Best Value Apartments for Rent in Malaga, NM and Nearby
As of May 28, 2025 the best value apartment in the Malaga area is the $1.34 price per square foot Salinas Model at Homestead Apartments in the starting from $1,485. The second greatest value Malaga apartment is the Unfurnished Model at Summerwind Terrace Townhomes starting at $1,295 with a $1.18 price per square foot . Here is today’s list of the best values for Malaga apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Homestead Apartments | Salinas | 2BR,2BA | $1.34 |
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.18 |
| Sorrento Villas | 2x2 (1088sf) B3 | 2BR,2BA | $1.49 |
| Tia Maria | Two Bedroom | 2BR,1BA | $1.22 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
| Vista del Sol | One Bedroom | 1BR,1BA | $1.53 |
| Cielo Vista | A1 | 1BR,1BA | $1.57 |
| Yucca Flats Apartments | One Bedroom | 1BR,1BA | $1.43 |
| Eagle Creek | One Bedroom | 1BR,1BA | $1.54 |
| Roselawn Manor | One Bedroom | 1BR,1BA | $0.72 |
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Explore Malaga, NM Rentals by Map
See the most popular apartments and homes in Malaga, NM
Malaga, NM Apartments MapMalaga, NM Rental Homes MapFrequently 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 $422 at Roselawn Manor.
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 $500 at Roselawn Manor.
What is the most affordable Malaga Three Bedroom Apartment?
The best deal on a cheap Malaga Three Bedroom Apartment rental is at Vista Del Rio-FREE Utilities and starts from $1,500.
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.
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.
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.
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.
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.