Cheap Apartments for Rent in the Academy Park Neighborhood of Albuquerque, NM from $700 (46 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Tesota Morningside
Rent Specials
$952 - $1,330
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$952 - $1,330

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1 to 2 Bedroom Apartments Available May 8

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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Milo
Rent Specials
$996 - $1,411
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$996 - $1,411

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1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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Sun Plaza
Rent Specials
$1,106 - $1,882
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$1,106 - $1,882

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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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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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Calero
$1,263 - $2,021
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$1,263 - $2,021

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1 to 3 Bedroom Apartments Available Now

Calero

8000 Montgomery Blvd NEAlbuquerque, NM 87109
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AYA ABQ
Rent Specials
$1,292 - $3,943
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$1,292 - $3,943

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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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Casa Tierra
Rent Specials
$1,292 - $5,555
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$1,292 - $5,555

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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
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property at 8301 Comanche Ct NE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Townhome for Rent

Available May 1

8301 Comanche Ct NE

AlbuquerqueNM87110
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Allaso Journal Center
Rent Specials
$1,492 - $2,267
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$1,492 - $2,267

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Studio to 2 Bedroom Apartments Available Now

Allaso Journal Center

7800 Headline Blvd NEAlbuquerque, NM 87109
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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
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Lincoln Place
Studio to 2 Bedroom Apartments

Lincoln Place

4401 San Pedro Dr NEAlbuquerque, NM 87109
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Wyoming Place Apartments
1 to 2 Bedroom Apartments

Wyoming Place Apartments

5222 Wyoming Blvd NEAlbuquerque, NM 87112
Corporate Housing

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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Rancho Verde
1 to 2 Bedroom Apartments

Rancho Verde

5800 Truchas Dr NEAlbuquerque, NM 87109

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 1 Bed unit found at Encanto Lofts Apartments priced from $835. Via Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Academy Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Encanto Lofts ApartmentsAspen - One Bedroom One Bath1BR,1BA$835
Via Apartments1 bedroom 1 bathroom MKT1BR,1BA$850
Montecito0BD, 1BTH Studio,1BA$874
Casa Del Arroyo Apartments1bd/1ba1BR,1BA$895
Sedona RidgeZuni1BR,1BA$899
Sunchase ApartmentsJr 1x11BR,1BA$905
Canyon Crest0 Bedroom 1 BathroomStudio,1BA$960
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$964
Acacia GardensTaos Classic1BR,1BA$965
North Park ApartmentsBirch1BR,1BA$985

Best Value Apartments for Rent in Academy Park, NM

As of April 26, 2026 the best value apartment in the Academy Park area is the $1.13 price per square foot Two Bedroom - Fully Remodeled Model at Pinon Terrace in the in the Northeast Quadrant neighborhood starting from $1,245. The second greatest value Academy Park apartment is the 2 Bed 1 Bath Model at Vista Del Sol Apartments starting at $1,490 with a $1.66 price per square foot in the Academy Hills 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.
Pinon TerraceTwo Bedroom - Fully Remodeled2BR,1BA$1.13
Vista Del Sol Apartments2 Bed 1 Bath2BR,1BA$1.66
MiloMadrid Platinum1BR,1BA$1.59
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1C1BR,1BA$1.45
Via Apartments1 bedroom 1 bathroom Renovated1BR,1BA$1.53
Mont 44 Apartments1 bedroom Renovated MKT1BR,1BA$1.61
Academy Heights Apartments1 Bedr / 1 Bath1BR,1BA$1.52
North Park ApartmentsBirch1BR,1BA$1.54
Casa Del Arroyo Apartments1bd/1ba1BR,1BA$1.43

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Academy Park, Albuquerque, NM

Ranked #56

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $985.

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 $835, while the average apartment in Academy Park costs $1,592.

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 32 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 $357 which is $1,235 cheaper than the average rent for all rentals in Academy Park.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.