Apartments for Rent in South Valley, NM

The best apartments in South Valley, NM are: 2237 Muniz Lane Southwest and 1325 Tapia Boulevard Southwest.

The average rent in South Valley, NM is $1,034.

In South Valley 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. 5% of South Valley's apartments are found in large buildings of 50 units or more, 30% are located in smaller apartment complexes with less than 50 units, and 51% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in South Valley are about 36 years old, on average. Of these, 26% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in South Valley are around 0% of rentals, while 1-bedroom floor plans represent 33% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.