1 Bedroom Apartments for Rent in Albuquerque, NM Under $500 (3 Rentals)
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Albuquerque?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albuquerque Studio Apartments | $1,010 | $604 | $2,800 |
Albuquerque 1 Bedroom Apartments | $1,467 | $716 | $10,000+ |
Albuquerque 2 Bedroom Apartments | $1,648 | $800 | $6,824 |
Albuquerque 3 Bedroom Apartments | $2,162 | $799 | $8,068 |
Albuquerque 4 Bedroom Apartments | $3,033 | $1,300 | $10,000+ |
Explore Albuquerque

Albuquerque, NM Local Guide
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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.
Getting Around Albuquerque, NM
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Albuquerque, NM Area Reviews
Frequently Asked Questions about 1 Bedroom Albuquerque Apartments
What is the Cheapest apartment in Albuquerque with 1 Bedroom?
Currently the most affordable 1 Bedroom in Albuquerque is at El Pueblo II Apartments listed at $716.
How much is the average rent for a 1 Bedroom Albuquerque Apartment?
The average rent for a 1 Bedroom Apartment in Albuquerque is $1,467.
What is the largest available 1 Bedroom Albuquerque Apartment for rent?
Today's apartment with the most square footage in Albuquerque is a 1,240 square feet unit starting from $1,575 at Los Altos Towers.
What is the average size for Albuquerque 1 Bedroom Apartments for rent?
The average size for a 1 Bedroom rental in Albuquerque is currently 563 sq ft.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.