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

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

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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 $900. 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
Santa Fe SuitesStudioStudio,1BA$900
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$936
Copper Hills1x11BR,1BA$954
Sierra Blanca ApartmentsStudioStudio,1BA$1,100
Elevate at OsloStudio - 325Studio,1BA$1,225

Best Value Apartments for Rent in Madrid, NM and Nearby

As of April 27, 2025 the best value apartment in the Madrid area is the $1.45 price per square foot 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,400. The second greatest value Madrid apartment is the 4 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta starting at $2,420 with a $1.84 price per square foot in the Tiempo Lindo 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.
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.45
Bluffs at Tierra Contenta4 Bedroom 2 Bath Townhome4BR,2BA$1.84
La Ventana2x2-1035-Full Renovation2BR,2BA$1.86
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$2.07
The MicaThe Pines1BR,1BA$1.79
Talavera Apartment HomesSage2BR,2BA$1.92
Altezza High DesertTogano1BR,1BA$2.04
La Mirage Apartment HomesJemez1BR,1BA$1.83
Copper Hills1x11BR,1BA$1.36
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.61

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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 $900.

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

The lowest price for a Cheap One Bedroom Madrid Apartment is $936 at Casa de Encantada Senior Apartments.

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 $1,866.

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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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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