Cheap Apartments for Rent in Madrid, NM from $900 (21 Rentals)

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Cheap Apartments in Madrid.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-21, Page 1 of 1

Madrid, NM Local Guide

Cheapest Available Madrid Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madrid, NM is a Studio unit found at Santa Fe Suites in the Arroyo Chamiso neighborhood priced from $950. Copper Hills in the Foothills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $954. Here is today’s list of the most affordable Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$950
Copper Hills1x11BR,1BA$954
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Sierra Blanca ApartmentsStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,261

Best Value Apartments for Rent in Madrid, NM and Nearby

As of May 07, 2025 the best value apartment in the Madrid area is the $1.84 price per square foot 4 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,420. The second greatest value Madrid apartment is the 2x2-1035-Full Renovation Model at La Ventana starting at $1,999 with a $1.93 price per square foot in the Foothills neighborhood. Here is today’s list of the best values for Madrid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bluffs at Tierra Contenta4 Bedroom 2 Bath Townhome4BR,2BA$1.84
La Ventana2x2-1035-Full Renovation2BR,2BA$1.93
The MicaThe Pines1BR,1BA$1.88
Allegro at TanoanThe Roma1BR,1BA$1.98
Altezza High DesertTogano1BR,1BA$1.90
La Mirage Apartment HomesJemez1BR,1BA$1.78
Copper Hills1x11BR,1BA$1.36
Soleras StationOne Bedroom1BR,1BA$2.08
The OrchardsOne Bedroom1BR,1BA$2.09
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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Frequently Asked Questions about Cheap Madrid Apartments

What is the Cheapest Studio apartment in Madrid?

Currently the most affordable Cheap Studio Apartment in Madrid is at Santa Fe Suites listed at $950.

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

The lowest price for a Cheap One Bedroom Madrid Apartment is $954 at Copper Hills.

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

Today's best deal for a Cheap Two Bedroom Apartment in Madrid is starting from $1,065 at Copper Hills.

What is the most affordable Madrid Three Bedroom Apartment?

The best deal on a cheap Madrid Three Bedroom Apartment rental is at La Mirage Apartment Homes and starts from $1,876.

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.