Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (203 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Valley area of Albuquerque.

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South Valley, Albuquerque, NM Local Guide

Cheapest Available South Valley Apartments for Rent

 

The cheapest available apartment rental in the South Valley area of Albuquerque, NM is a Studio unit found at Cinnamon Tree priced from $700. The Villas @ Uptown has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Cinnamon TreeStudioStudio,1BA$700
The Villas @ UptownStudio UpgradeStudio,1BA$700
El Pueblo II Apartments1x11BR,1BA$716
Adobe Manor ApartmentsStudioStudio,1BA$725
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$725
Tierra PointeS1Studio,1BA$729
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Somerset ParkStudioStudio,1BA$768

Best Value Apartments for Rent in South Valley, NM

As of March 27, 2025 the best value apartment in the South Valley area is the $1.09 price per square foot 2 Beds, 1 bath Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,200. The second greatest value South Valley apartment is the Three Bedroom Two Bath Model at Aspen Ridge starting at $1,123 with a $1.02 price per square foot in the University Heights 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.
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
Aspen RidgeThree Bedroom Two Bath3BR,2BA$1.02
Welcome Home To Rio Volcan!3 bedroom 2 bath3BR,2BA$1.15
Four Seasons2br apartment corner unit2BR,1BA$1.10
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.18
The Ridge2 Bedroom 1 Bathroom2BR,1BA$1.15
1038 Texas St NE, Unit A1038 Texas St NE2BR,1BA$1.06
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.09
El Pueblo II Apartments1x11BR,1BA$1.03
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$1.12

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #45

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Valley, Albuquerque, NM

School data provided by Great Schools

Best Local Schools in
South Valley, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States, including Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, places that make kids happy, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Valley Apartments

What is a cheap apartment in South Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Valley is under $768.

What is the price of a cheap apartment in South Valley?

The cheapest apartment in South Valley is El Pueblo II Apartments which is listed at $716, while the average apartment in South Valley costs $2,295.

What types of apartments are the cheapest in South Valley?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 997 regular apartments in South Valley that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Valley?

Cheap apartments in South Valley have an average cost of $1,372 which is $923 cheaper than the average rent for all rentals in South Valley.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.