Cheap Apartments for Rent near South Valley, NM from $599 (41 Rentals)

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

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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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Nine-O-Nine Apartments
$1,195 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,395
Total Monthly Price
$1,195 - $1,395
1 to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
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Diamond Mesa
$1,413 - $9,226
Total Monthly Price

Total Monthly Price

Base Rent
$1,413 - $9,226
Total Monthly Price
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1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, 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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property at 2800 Vail Ave SE

$850 - $1,080

Studio To 1 Bedroom Rentals

Available Now

2800 Vail Ave SE

AlbuquerqueNM87106

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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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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Showing Results 1-41, Page 1 of 1

South Valley, NM Local Guide

Cheapest Available South Valley Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Valley, NM is a Studio unit found at Diamond Elite Luxury Townhomes in the Southwest Quadrant neighborhood priced from $699. Vail Manor Apartments in the Southeast Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable South Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
Vail Manor ApartmentsStudioStudio,1BA$790
Sage at 6010 x 1 AStudio,1BA$799
La Vida NuevaStudiosStudio,1BA$800
Silver Gardens ApartmentsStudio (50%)Studio,1BA$811
Somerset ParkStudioStudio,1BA$822
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,1BA$850
Silver Moon LodgeStudioStudio,1BA$897
CRESTWOOD APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$975
Tierra LindaA11BR,1BA$1,088

Best Value Apartments for Rent in South Valley, NM and Nearby

As of August 22, 2026 the best value apartment in the South Valley 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 South Valley 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 South Valley 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
505 Central LoftsStudioStudio ,1BA$1.76
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.68
Zodiac Apartments2BR/1.0BA2BR,1BA$1.57
Tierra LindaA11BR,1BA$1.61
CRESTWOOD APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$1.63
Silver Moon LodgeStudioStudio ,1BA$1.76
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,1BA$1.70

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap South Valley Apartments

What is the Cheapest Studio apartment in South Valley?

Currently the most affordable Cheap Studio Apartment in South Valley is at Diamond Elite Luxury Townhomes listed at $699.

How much is rent for a Cheap One Bedroom South Valley Apartment?

The lowest price for a Cheap One Bedroom South Valley Apartment is $850 at 2121 Gold Ave SE.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Valley is starting from $1,100 at Zodiac Apartments.

What is the most affordable South Valley Three Bedroom Apartment?

The best deal on a cheap South Valley Three Bedroom Apartment rental is at The Artisan @ Sawmill Village and starts from $1,398.

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.