
Cheap Homes for Rent in North Valley, NM from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in North Valley.


4601 Carlisle Blvd NE

707 Alameda Blvd NW

5411 4th St NW

4449 3rd St NW
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

5009 Blue Sage Pl NE

6728 San Luis Obispo Ave NE

6800 Vista Del Norte Dr NE

3939 Rio Grande Blvd NW

607 Delamar Ave NW
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

7608 Leanne St NE
North Valley, NM Local Guide

How much does it cost to rent a home in North Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Valley 2 Bedroom Homes for Rent | $1,612 | $1,450 | $1,750 |
| North Valley 3 Bedroom Homes for Rent | $2,278 | $1,450 | $3,850 |
| North Valley 4 Bedroom Homes for Rent | $2,540 | $2,150 | $2,995 |
Browse Top Homes for Rent in North Valley
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North Valley, NM Local Guide
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Cheapest Available North Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in North Valley, NM is a Studio unit found at Desert Creek Apartments in the Northwest Quadrant neighborhood priced from $713. Montecito in the Baloon Fiesta Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $883. Here is today’s list of the most affordable North Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $713 |
| Montecito | 0BD, 1BTH | Studio,1BA | $883 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
| Cloverleaf Apartments | 1BR/1.0BA | 1BR,1BA | $950 |
| El Paseo Apartments | One-Bedroom | 1BR,1BA | $956 |
Best Value Apartments for Rent in North Valley, NM and Nearby
As of August 22, 2026 the best value apartment in the North Valley area is the $1.40 price per square foot 3BR/2.5BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,850. The second greatest value North Valley apartment is the 2x2b Model at Cielo Alameda starting at $1,949 with a $1.78 price per square foot in the Baloon Fiesta Park neighborhood. Here is today’s list of the best values for North Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Horizon Village | 3BR/2.5BA | 3BR,2.5BA | $1.40 |
| Cielo Alameda | 2x2b | 2BR,2BA | $1.78 |
| Vista Del Sol Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.66 |
| Tesota Morningside | B2AR | 2BR,1BA | $1.46 |
| Cloverleaf Apartments | 1BR/1.0BA | 1BR,1BA | $1.18 |
| Arroyo Vista | Two Bedroom | 2BR,1BA | $1.63 |
| Cottonwood Ranch | Maple (Premium) | 1BR,1BA | $1.75 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.84 |
| El Paseo Apartments | One-Bedroom | 1BR,1BA | $1.71 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $1.66 |
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 ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about North Valley
What type of rentals are currently available in North Valley?
There are currently 31 Apartments for Rent in North Valley, NM with pricing that ranges from $726 to $2,986. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Valley ranging from $800 to $3,850.
What is the current price range for Rental Homes in North Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Valley ranges from $800 to $3,850 with an average monthly rent of $1,924.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.