Cheap Apartments for Rent in Albuquerque, NM from $400 (336 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albuquerque.

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Tesota Four Hills
Rent Specials
$710 - $2,280
Total Monthly Price

Total Monthly Price

Base Rent
$676 - $2,246
Required Monthly Fees
$34
Total Monthly Price
$710 - $2,280
1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
Affordability
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  • Customer Reviewed
  • 3D Tour

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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property at 401 14th St NW

$760 - $825

Studio Rentals

Available Now

401 14th St NW

AlbuquerqueNM87104
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Comanche Wells
Rent Specials
$779 - $2,850
Total Monthly Price

Total Monthly Price

Base Rent
$764 - $2,835
Required Monthly Fees
$15
Total Monthly Price
$779 - $2,850
Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
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Desert Creek Apartments
Rent Specials
$782 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$618 - $1,436
Required Monthly Fees
$164
Total Monthly Price
$782 - $1,600
Studio to 3 Bedroom Apartments Available Now

Desert Creek Apartments

4300 Pan American Fwy NEAlbuquerque, NM 87107
Affordability
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  • Customer Reviewed
  • 3D Tour
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Lomas Gardens
Rent Specials
$795 - $805
Total Monthly Price

Total Monthly Price

Base Rent
$755 - $765
Required Monthly Fees
$40
Total Monthly Price
$795 - $805
1 Bedroom Apartments Available Now

Lomas Gardens

12601 Lomas Blvd NEAlbuquerque, NM 87112
Corporate Housing
  • Verified
  • Low Income

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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Las Brisas
$812 - $2,068
Total Monthly Price

Total Monthly Price

Base Rent
$696 - $1,952
Required Monthly Fees
$116
Total Monthly Price
$812 - $2,068
1 to 2 Bedroom Apartments Available Now

Las Brisas

1201 San Pedro Blvd SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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Tierra Pointe
Rent Specials
$831 - $3,194
Total Monthly Price

Total Monthly Price

Base Rent
$819 - $3,182
Required Monthly Fees
$12
Total Monthly Price
$831 - $3,194
Studio to 3 Bedroom Apartments Available Now

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
Affordability
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  • Customer Reviewed
  • 3D Tour

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.

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Union 505
$845 - $2,459
Total Monthly Price

Total Monthly Price

Base Rent
$835 - $2,449
Required Monthly Fees
$10
Total Monthly Price
$845 - $2,459
Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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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

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Albuquerque, NM Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Albuquerque, NM

Pricing Updated: 03/03/2026

Current apartment rentals in the Albuquerque, NM area range in price from $620 to $4,056 with an overall median price of $2,112. The three Albuquerque neighborhoods with the lowest median rent pricing are Vecinos Del Bosque at $775, La Mesa at $620, and Southeast Heights at $810. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Vecinos Del Bosque$985$7753
La Mesa$1,050$6209
Southeast Heights$1,086$8106
Sycamore$1,225$1,2002
Executive Hills$1,246$71045
Four Hills Village$1,246$71043
Juan Tabo Hills$1,246$71042
Juan Tabo Hills West$1,246$62051
Tijeras Arroyo$1,246$71045
Willow Wood$1,246$62052

Cheapest Available Albuquerque Apartments for Rent

 

The cheapest available apartment rental in Albuquerque, NM is a Studio unit found at The Loop @950 in the South San Pedro neighborhood priced from $645. The Lakes in the Baloon Fiesta Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Albuquerque apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
The LakesOne Bedroom Medium1BR,1BA$690
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$699
Nova Peak0BR/1.0BAStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$720
El Sol1 Bedroom 1 Bath - 387091BR,1BA$725
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Carousel0 Bedroom 1 Bath - 38720Studio,1BA$740

Best Value Apartments for Rent in Albuquerque, NM

As of March 03, 2026 the best value apartment in the Albuquerque area is the $1.19 price per square foot 1 Car Garage Model at Indian Ridge in the in the Northeast Quadrant neighborhood starting from $1,745. The second greatest value Albuquerque apartment is the Three Bedroom Two Bath Model at Aspen Ridge starting at $1,073 with a $0.98 price per square foot in the South San Pedro neighborhood. Here is today’s list of the best values for Albuquerque apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Indian Ridge1 Car Garage2BR,2.5BA$1.19
Aspen RidgeThree Bedroom Two Bath3BR,2BA$0.98
Four Seasons2br apartment corner unit2BR,1BA$1.10
La Cantera Senior Apartments2x12BR,1BA$1.21
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Theta ApartmentsKaloDuo2BR,2BA$1.09
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.23
Lomas Gardens1BR/1.0BA1BR,1BA$1.14
White Oak Apartments1x11BR,1BA$1.03
El Sol1 Bedroom 1 Bath - 387091BR,1BA$1.13

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 Article
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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

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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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Albuquerque Overview

Boasting its status as the most populous city in all of New Mexico, Albuquerque is a historic city known for its universities, beautiful mountains, and for the gorgeous Rio Grande, which it straddles. This city has decades of growth under its belt, and only continues to draw in more settlers as time goes on. This metropolis is also incredibly diverse and continues to make its case as to why finding apartments in Albuquerque are such a great place to settle down.

Why live in Albuquerque, NM?

What makes Albuquerque special is the fact that it's situated right next to the Rio Grande and contains the Sandia Mountains. The city also boasts a large number of museums, galleries, as well as shops and other points of interest. The city has a very diverse population and puts on an annual major art event known as the New Mexico Arts and Crafts Fair. Foodies take heed: Albuquerque has a thriving restaurant scene, with many of its eats featuring in statewide lists of note. And those who love to exercise will be happy to hear that Albuquerque came out as the number one fittest city in the US. Living here is a breeze with many top options for Albuquerque apartments available to residents who move here.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albuquerque, NM Rentals by Map

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Albuquerque, NM Area Reviews

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Frequently Asked Questions about Cheap Albuquerque Apartments

What is a cheap apartment in Albuquerque?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albuquerque is under $740.

What is the price of a cheap apartment in Albuquerque?

The cheapest apartment in Albuquerque is The Lakes which is listed at $690, while the average apartment in Albuquerque costs $2,112.

What types of apartments are the cheapest in Albuquerque?

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 4,555 regular apartments in Albuquerque 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 Albuquerque?

Cheap apartments in Albuquerque have an average cost of $313 which is $1,799 cheaper than the average rent for all rentals in Albuquerque.

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

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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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.