
3 Bedroom Apartments for Rent in Albuquerque, NM Under $1,500 (49 Rentals)


Total Monthly Price
Tesota Midtown

The Ridge

The Artisan @ Sawmill Village

The Beach

Executive West - Senior Community

Manzano Vista

The Loop at 950

Villa Hermosa
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

San Pedro Village

North Park Apartments

La Vida Nueva

Casa Placida

Bluewater Village

Arroyo Vista

449 Charleston St SE

2501 Barcelona Rd

1207 Barelas Rd SW
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

2700 Chelwood Park Blvd NE

Volcanes Commons

453 Charleston St Se

Warren Park Apartments

217 Pennsylvania St NE

Tesota Four Hills South

Uptown Gardens

Sawmill Lofts

Inca - FREE Utilities
Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.

123 53rd St NW

Aspen Ridge

Casitas de Colores

328 Rhode Island (New) St NE

Mountain View II Apartments

3409 Thaxton Ave SE

417 Sycamore St SE

Paseo Del Sol

Canon de Arrowhead
Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

Welcome Home To Rio Volcan!

Arroyo Villas

Sun Pointe Park Apartments

Meadowbrook Home Rentals

Villa Esperanza

Canyon Crest

Via Apartments

Marbella-Income Restricted Waitlist

Calle Cuarta
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Mont 44 Apartments

Crescent Ridge

Arrowhead Ridge

Trailhead at Chamizal - NOW LEASING
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 | $1,021 | $645 | $2,850 |
| Albuquerque 1 Bedroom Apartments | $1,287 | $500 | $2,868 |
| Albuquerque 2 Bedroom Apartments | $1,590 | $745 | $3,523 |
| Albuquerque 3 Bedroom Apartments | $2,041 | $1,066 | $4,276 |
| Albuquerque 4 Bedroom Apartments | $3,279 | $1,300 | $9,739 |
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Albuquerque, NM Local Guide
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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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Albuquerque, NM
Albuquerque, NM Area Reviews
Frequently Asked Questions about 3 Bedroom Albuquerque Apartments
What is the Cheapest apartment in Albuquerque with 3 Bedroom?
Currently the most affordable 3 Bedroom in Albuquerque is at Aspen Ridge listed at $1,184.
How much is the average rent for a 3 Bedroom Albuquerque Apartment?
The average rent for a 3 Bedroom Apartment in Albuquerque is $2,041.
What is the largest available 3 Bedroom Albuquerque Apartment for rent?
Today's apartment with the most square footage in Albuquerque is a 2,043 square feet unit starting from $2,850 at Horizon Village.
What is the average size for Albuquerque 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Albuquerque is currently 1,619 sq ft.
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.
Helpful Local Expert Guides

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

A Local Expert's 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.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.