Cheap Homes for Rent in North Valley, NM from $800 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in North Valley.

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.

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.

North Valley, NM Local Guide

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 ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$713
Montecito0BD, 1BTH Studio,1BA$883
Sunchase ApartmentsJr 1x11BR,1BA$905
Cloverleaf Apartments1BR/1.0BA1BR,1BA$950
El Paseo ApartmentsOne-Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon Village3BR/2.5BA3BR,2.5BA$1.40
Cielo Alameda2x2b2BR,2BA$1.78
Vista Del Sol Apartments2 Bed 1 Bath2BR,1BA$1.66
Tesota MorningsideB2AR2BR,1BA$1.46
Cloverleaf Apartments1BR/1.0BA1BR,1BA$1.18
Arroyo VistaTwo Bedroom2BR,1BA$1.63
Cottonwood RanchMaple (Premium)1BR,1BA$1.75
Eagle Ranch ApartmentsLatigo1BR,1BA$1.84
El Paseo ApartmentsOne-Bedroom1BR,1BA$1.71
Sunchase ApartmentsJr 1x11BR,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.

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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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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

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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.

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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.

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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.

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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.