close
View Me
from $3241 to 3 Bedroom Apartments Contact Us For Availability
Parkside Terrace
300 E White StHobbs, NM 88240
Cheap Apartments for Rent in Malaga, NM from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Malaga.
close
View Me
close
View Me
from $7261 to 3 Bedroom Apartments Contact Us For Availability
New Leaf
1601 E Marland StHobbs, NM 88240
close
View Me
from $770Studio to 2 Bedroom Apartments Contact Us For Availability
Jefferson House Apartments
2001 N Jefferson StHobbs, NM 88240
close
View Me
from $8301 to 3 Bedroom Apartments Contact Us For Availability
Park Place
920 E Michigan AveHobbs, NM 88240
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.
Showing Results 1-5, Page 1 of 1
Malaga, NM Local Guide
Fields in New Mexico by Laura Lee Dooley is licensed under CC BY 2.0
How much does it cost to rent an apartment in Malaga?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Malaga Studio Apartments | $1,040 | $770 | $1,310 |
| Malaga 1 Bedroom Apartments | $1,126 | $324 | $2,100 |
| Malaga 2 Bedroom Apartments | $1,520 | $383 | $4,295 |
| Malaga 3 Bedroom Apartments | $1,784 | $438 | $5,060 |
Browse Top Apartments in Malaga
See all Apartments in MalagaExplore Malaga
Malaga, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Malaga Apartments for Rent and Nearby
The cheapest available apartment rental in Malaga, NM is a 1 Bed unit found at Roselawn Manor priced from $422. EMLI Artesia: Income Qualify Today has the second lowest priced unit, which is a 1 Bed apartment currently listed from $987. Here is today’s list of the most affordable Malaga apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roselawn Manor | One Bedroom | 1BR,1BA | $422 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $987 |
| Yucca Flats Apartments | One Bedroom | 1BR,1BA | $999 |
Best Value Apartments for Rent in Malaga, NM and Nearby
As of April 26, 2025 the best value apartment in the Malaga area is the $1.13 price per square foot Unfurnished Model at Summerwind Terrace Townhomes in the starting from $1,245. The second greatest value Malaga apartment is the 2x2 (1088sf) B3 Model at Sorrento Villas starting at $1,625 with a $1.49 price per square foot . Here is today’s list of the best values for Malaga apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summerwind Terrace Townhomes | Unfurnished | 2BR,1.5BA | $1.13 |
| Sorrento Villas | 2x2 (1088sf) B3 | 2BR,2BA | $1.49 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
| Riverwood | A1 | 1BR,1BA | $1.58 |
| Vista del Sol | One Bedroom | 1BR,1BA | $1.53 |
| Cielo Vista | A1 | 1BR,1BA | $1.57 |
| Yucca Flats Apartments | One Bedroom | 1BR,1BA | $1.43 |
| Eagle Creek | One Bedroom | 1BR,1BA | $1.54 |
| Woodleaf - FREE Utilities | One Bedroom | 1BR,1BA | $1.53 |
| Roselawn Manor | One Bedroom | 1BR,1BA | $0.72 |
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.
Let everyone know!
Do you know the Malaga area?
If you’re an expert on all things Malaga, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Malaga, NM Rentals by Map
See the most popular apartments and homes in Malaga, NM
Malaga, NM Apartments MapMalaga, NM Rental Homes MapFrequently Asked Questions about Cheap Malaga Apartments
How much is rent for a Cheap One Bedroom Malaga Apartment?
The lowest price for a Cheap One Bedroom Malaga Apartment is $422 at Roselawn Manor.
What is the lowest price for a Cheap Two Bedroom Malaga Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Malaga is starting from $500 at Roselawn Manor.
What is the most affordable Malaga Three Bedroom Apartment?
The best deal on a cheap Malaga Three Bedroom Apartment rental is at Vista Del Rio-FREE Utilities and starts from $1,500.
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.
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.
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.
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.
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.