Cheap Apartments for Rent in Magdalena, NM from $400 (29 Rentals)

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

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Magdalena, NM Local Guide

Cheapest Available Magdalena Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magdalena, NM is a Studio unit found at Sunport Luxury Townhomes in the Southeast Quadrant neighborhood priced from $499. Silver Gardens Apartments in the Netherwood Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Magdalena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunport Luxury TownhomesStudioStudio,1BA$499
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Home @ Valencia1bd/1ba1BR,1BA$750
Somerset ParkStudioStudio,1BA$768
9317 Central AveWest StudiosStudio,1BA$795
University VillageStudio-Internet, DirecTV, Utilities IncludedStudio,1BA$800
El Campo Apartments1BR/1.0BA1BR,1BA$875
Las Brisas1 Bed, 1 Bath1BR,1BA$899
Zocalo LoftsStudioStudio,1BA$900

Best Value Apartments for Rent in Magdalena, NM and Nearby

As of April 16, 2025 the best value apartment in the Magdalena area is the $1.11 price per square foot 3 bedroom 3 bath Model at Canon de Arrowhead in the in the Ironhorse at El Rancho Grande neighborhood starting from $1,253. The second greatest value Magdalena apartment is the 2 Beds, 1 bath Model at Taylor Ridge Apartments starting at $1,200 with a $1.09 price per square foot in the Southwest Quadrant neighborhood. Here is today’s list of the best values for Magdalena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Canon de Arrowhead3 bedroom 3 bath3BR,2BA$1.11
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
873-895 Silver Ave SWAmazing1BR,1BA$1.50
1206 Cuba Rd1 Bedroom1BR,1BA$1.05
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.47
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.30
Las Brisas1 Bed, 1 Bath1BR,1BA$1.36
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53
El Campo Apartments1BR/1.0BA1BR,1BA$1.51
Home @ Valencia1bd/1ba - Rehabbed1BR,1BA$1.45

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Pet Friendly Lifestyle
Magdalena, NM

Ranked #24

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Magdalena, NM Rentals by Map

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See the most popular apartments and homes in Magdalena, NM

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Getting Around Magdalena, NM

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Magdalena Apartments

What is the Cheapest Studio apartment in Magdalena?

Currently the most affordable Cheap Studio Apartment in Magdalena is at Sunport Luxury Townhomes listed at $499.

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

The lowest price for a Cheap One Bedroom Magdalena Apartment is $740 at Silver Gardens Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magdalena is starting from $1,015 at Home @ Valencia.

What is the most affordable Magdalena Three Bedroom Apartment?

The best deal on a cheap Magdalena Three Bedroom Apartment rental is at Volcanes Commons and starts from $1,232.

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.

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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.