Cheap Apartments for Rent in Socorro, NM from $500 (63 Rentals)

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

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1206 Cuba Rd
1 Bedroom Apartments

1206 Cuba Rd

1206 Cuba RdSocorro, NM 87801

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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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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Playa Del Sol
$925
Total Monthly Price

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
  • Verified
  • Customer Reviewed
  • Utilities Included

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
$1,413 - $9,202
Total Monthly Price

Total Monthly Price

Base Rent
$1,413 - $9,202
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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  • Customer Reviewed
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University Village
Studio Apartments

University Village

1901 University Blvd SEAlbuquerque, NM 87106
Corporate Housing
  • Utilities Included
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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
  • Utilities Included

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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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

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

Pine St Studios

414 Pine St SEAlbuquerque, NM 87106
property at 2800 Vail Ave SE

$850 - $1,080

Studio To 1 Bedroom Rentals

Available Now

2800 Vail Ave SE

AlbuquerqueNM87106
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
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Madeira Court
Studio to 2 Bedroom Apartments

Madeira Court

1001 Madeira Dr SEAlbuquerque, NM 87108
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Ceja Vista Senior 55+
1 to 2 Bedroom Apartments

Ceja Vista Senior 55+

10001 Ceja Vista Rd SWAlbuquerque, NM 87121
Senior Living
  • Utilities Included
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Imperial
Studio to 2 Bedroom Apartments

Imperial

205 Silver Ave SWAlbuquerque, NM 87102
  • Utilities Included

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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Socorro, NM Local Guide

Cheapest Available Socorro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Socorro, 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 Socorro 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
Vail Manor ApartmentsStudioStudio,1BA$790
Casa Dos Santos ApartmentsStudio 520Studio,1BA$795
Sage at 6010 x 1 AStudio,1BA$799
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$799
La Vida NuevaStudiosStudio,1BA$800
Silver Gardens ApartmentsStudio (50%)Studio,1BA$811
Somerset ParkStudioStudio,1BA$822

Best Value Apartments for Rent in Socorro, NM and Nearby

As of August 23, 2026 the best value apartment in the Socorro 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 Socorro 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 Socorro 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
Aspen RidgeThree Bedroom Two Bath3BR,2BA$1.08
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.34
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
Desert Park900 Valencia Dr. SE 322BR,1BA$1.45
White Oak Apartments1x11BR,1BA$1.03
The Lanai Apartments1BD/1B1BR,1BA$1.38
The French Quarter1 x1 Reno (630Sqft)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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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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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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Socorro, NM

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Socorro Apartments

What is the Cheapest Studio apartment in Socorro?

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

How much is rent for a Cheap One Bedroom Socorro Apartment?

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

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

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

What is the most affordable Socorro Three Bedroom Apartment?

The best deal on a cheap Socorro Three Bedroom Apartment rental is at Aspen Ridge and starts from $1,184.

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.