Cheap Apartments for Rent in the Academy Park Neighborhood of Albuquerque, NM from $700 (36 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Academy Park area of Albuquerque.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Milo
Rent Specials
$1,017 - $1,3751 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
Pet Friendly
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Academy Park, Albuquerque, NM Local Guide

Cheapest Available Academy Park Apartments for Rent

 

The cheapest available apartment rental in the Academy Park area of Albuquerque, NM is a Studio unit found at Encanto Lofts Apartments priced from $755. San Pedro Village has the second lowest priced unit, which is a Studio apartment currently listed from $865. Here are the most affordable Academy Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$755
San Pedro VillageAcoma StudioStudio,1BA$865
Villas de la TerrazaStudioStudio,1BA$924
AYA ABQDurango1BR,1BA$930
Montecito0BD, 1BTH Studio,1BA$965
Sedona RidgeZuni1BR,1BA$980
North Park ApartmentsBirch1BR,1BA$985
Candlelight SquareSilver Sage1BR,1BA$999
Tesota MorningsideA1AR1BR,1BA$999
Norte Villas ApartmentsOne Bedroom One Bath - 457 Sq Ft1BR,1BA$1,000

Best Value Apartments for Rent in Academy Park, NM

As of October 10, 2025 the best value apartment in the Academy Park area is the $1.02 price per square foot 3 Bedroom 2 Bathroom Model at Canyon Crest in the in the Northeast Quadrant neighborhood starting from $1,426. The second greatest value Academy Park apartment is the 2 bedroom 1 bathroom TC Model at Via Apartments starting at $1,154 with a $1.15 price per square foot in the North Valley neighborhood. Here is today’s list of the best values for Academy Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Canyon Crest3 Bedroom 2 Bathroom3BR,2BA$1.02
Via Apartments2 bedroom 1 bathroom TC2BR,1BA$1.15
Mont 44 Apartments2 bedroom 1 bath MKT2BR,1BA$1.22
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
MiloMadrid Platinum1BR,1BA$1.36
Casa TierraA11BR,1BA$1.60
Sunset PointeSM1X11BR,1BA$1.45
Wyoming Place Apartments1 Bed A1BR,1BA$1.45
Calero1X1 Reno1BR,1BA$1.49
North Park ApartmentsBirch1BR,1BA$1.54

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Academy Park, Albuquerque, NM

Ranked #53

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Academy Park, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Albuquerque. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Academy Park Apartments

What is a cheap apartment in Academy Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Academy Park is under $1,000.

What is the price of a cheap apartment in Academy Park?

The cheapest apartment in Academy Park is Encanto Lofts Apartments which is listed at $799, while the average apartment in Academy Park costs $1,500.

What types of apartments are the cheapest in Academy Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Academy Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Academy Park?

Cheap apartments in Academy Park have an average cost of $454 which is $1,046 cheaper than the average rent for all rentals in Academy Park.

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 A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque

Written by: Esther Lombardi

Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.