Cheap Apartments for Rent in the South Valley Neighborhood of Albuquerque, NM from $400 (187 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 Sunport Luxury Townhomes priced from $499. Loop @950 has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here are the most affordable South Valley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Sunport Luxury TownhomesStudioStudio,1BA$499
Loop @9500x1 - 280Studio,1BA$645
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$675
Nova PointS1 - StudioStudio,1BA$700
The Villas @ UptownStudio UpgradeStudio,1BA$700
El Pueblo II Apartments1x11BR,1BA$716
Home @ Valencia1BR/1.0BA1BR,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
210 High St NE0 Beds, 1 BathsStudio,1BA$745

Best Value Apartments for Rent in South Valley, NM

As of April 25, 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 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast 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.
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
Four Seasons2br apartment corner unit2BR,1BA$1.10
The Ridge2 Bedroom 1 Bathroom2BR,1BA$1.18
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.20
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.24
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
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$1.04
528 Charleston St SE, Unit 4528 Charleston St SE1BR,1BA$1.23

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Pet Friendly Lifestyle
South Valley, Albuquerque, NM

Ranked #85

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

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 $745.

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

The cheapest apartment in South Valley is 1028 Alvarado Dr which is listed at $675, while the average apartment in South Valley costs $2,249.

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 24 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 $148 which is $2,101 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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.