Cheap Apartments for Rent in Madrid, NM from $800 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-18, 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 1 Bed unit found at Copper Hills in the Foothills neighborhood priced from $889. Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $936. Here is today’s list of the most affordable Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Copper Hills1x11BR,1BA$889
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$936
Santa Fe SuitesStudioStudio,1BA$950
EvergreenOne Bedroom1BR,1BA$1,040
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,061

Best Value Apartments for Rent in Madrid, NM and Nearby

As of February 24, 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 $1,799 with a $1.74 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$1.74
Casa Loma Apartments2x1.52BR,1.5BA$1.87
Enchanted HillsDiego2BR,1BA$1.71
The MicaThe Pinon2BR,1BA$1.99
Coronado Townhomes2x22BR,2BA$1.96
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$1.79
Copper Hills1x11BR,1BA$1.27
EvergreenOne Bedroom1BR,1BA$1.54
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.61

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Madrid, NM Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madrid, NM

View MapMadrid, NM Apartments MapView MapMadrid, NM Rental Homes Map

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 $889 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 $1,038 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 Talavera Apartment Homes and starts from $1,689.

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

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.