If you want to do that exactly, you'd need to do the following:
- Monitor the folder containing the folder in question.
- Have a rule to go into that subfolder (see chapter in the manual on this topic)
- Have a rule to delete files older than 1 month at that particular level in the folder hierarchy.
An easier way to do something similar is something like:
Date added is not among the 10 most recent, move to trash.
That will match the files that are not among the 10 most recent. Note that the files can be younger than a month but it will still only keep the 10 most recent files.