Cheap Apartments for Rent near San Antonio, NM from $500 (70 Rentals)

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

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.

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The French Quarter
Rent Specials
$880 - $1,060

Total Monthly Price

Base Rent$880 - $1,060
Total Monthly Price$880 - $1,060
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
Corporate Housing
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Playa Del Sol
$925

Total Monthly Price

Base Rent$925
Total Monthly Price$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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  • Utilities Included

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.

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Tierra Linda
$1,088 - $1,679

Total Monthly Price

Base Rent$1,088 - $1,679
Total Monthly Price$1,088 - $1,679
1 to 4 Bedroom Apartments Contact Us For Availability

Tierra Linda

3450 98th StAlbuquerque, NM 87121
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Diamond Mesa
Rent Specials
$1,426 - $7,503

Total Monthly Price

Base Rent$1,426 - $7,503
Total Monthly PriceVaries
1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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Lumen
Rent Specials
$1,498 - $1,854

Total Monthly Price

Base Rent$1,498 - $1,854
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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311 Mechem Dr
Studio to 3 Bedroom Apartments

311 Mechem Dr

311 Mechem DrRuidoso, NM 88345
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205 Mechem Dr
Studio to 3 Bedroom Apartments

205 Mechem Dr

205 Mechem DrRuidoso, NM 88345
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121

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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University Village
Studio Apartments

University Village

1901 University Blvd SEAlbuquerque, NM 87106
Corporate Housing
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509 Girard Terrace
Studio to 2 Bedroom Apartments

509 Girard Terrace

509 Girard Blvd SEAlbuquerque, NM 87106
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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
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Pine St Studios
Studio to 2 Bedroom Apartments

Pine St Studios

414 Pine St SEAlbuquerque, NM 87106
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
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301 Mechem Dr
2 to 3 Bedroom Apartments

301 Mechem Dr

301 Mechem DrRuidoso, NM 88345

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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San Antonio, NM Local Guide

Cheapest Available San Antonio Apartments for Rent and Nearby

 

The cheapest available apartment rental in San Antonio, NM is a Studio unit found at The Loop at 950 in the South San Pedro neighborhood priced from $645. Diamond Elite Luxury Townhomes in the Southwest Quadrant neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable San Antonio apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
White Oak Apartments1x11BR,1BA$716
La Tierra 55+1 Bedroom1BR,1BA$770
Tierra PointeS1Studio,1BA$791
Casa Dos Santos ApartmentsStudio 520Studio,1BA$795
Sage at 6011 x 1 B1BR,1BA$799
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$799
La Vida NuevaStudiosStudio,1BA$800
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$865

Best Value Apartments for Rent in San Antonio, NM and Nearby

As of September 10, 2026 the best value apartment in the San Antonio area is the $1.27 price per square foot 5 Bed/5 Bath TH Model at Diamond Elite Luxury Townhomes in the in the Southwest Quadrant neighborhood starting from $2,500. The second greatest value San Antonio apartment is the Three Bedroom Model at Taylor Ridge Apartments starting at $1,600 with a $1.28 price per square foot in the Southwest Quadrant neighborhood. Here is today’s list of the best values for San Antonio apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Diamond Elite Luxury Townhomes5 Bed/5 Bath TH5BR,5BA$1.27
Taylor Ridge ApartmentsThree Bedroom3BR,2BA$1.28
Four Seasons2br apartment corner unit2BR,1BA$1.15
La Tierra 55+2 Bedrooms2BR,1BA$1.16
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.37
El Pueblo - Ultimate Urban LivingOne Bedroom1BR,1BA$1.34
White Oak Apartments1x11BR,1BA$1.03
The Lanai Apartments1BD/1B1BR,1BA$1.38
The French Quarter1 x1 Reno (630Sqft)1BR,1BA$1.40
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$1.40

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 San Antonio, NM Rentals by Map

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See the most popular apartments and homes in San Antonio, NM

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Frequently Asked Questions about Cheap San Antonio Apartments

What is the Cheapest Studio apartment in San Antonio?

Currently the most affordable Cheap Studio Apartment in San Antonio is at The Loop at 950 listed at $645.

How much is rent for a Cheap One Bedroom San Antonio Apartment?

The lowest price for a Cheap One Bedroom San Antonio Apartment is $716 at White Oak Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in San Antonio is starting from $925 at The Loop at 950.

What is the most affordable San Antonio Three Bedroom Apartment?

The best deal on a cheap San Antonio Three Bedroom Apartment rental is at The Valencia and starts from $1,395.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.