close
View Me
Rent Specials
$795 - $850Built in 2025Studio Apartments Available Now
9317 Central Ave
9317 Central Ave NWAlbuquerque, NM 87121
Cheap New Apartments for Rent in Albuquerque, NM from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Albuquerque.
close
View Me
$800 - $900Built in 2016Studio Apartments Available Now
University Village
1901 University Blvd SEAlbuquerque, NM 87106
close
View Me
Rent Specials
$835 - $950Built in 2023Studio Apartments Contact Us For Availability
Adobe Manor Apartments
7412 Central Ave SWAlbuquerque, NM 87121
close
View Me
$900 - $1,275Built in 2016Studio to 2 Bedroom Apartments Contact Us For Availability
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
close
View Me
$900 - $2,495Built in 2019Studio to 3 Bedroom Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
close
View Me
$902 - $1,232Built in 20151 to 3 Bedroom Apartments Available Now
Volcanes Commons
6901 Glenrio Rd NWAlbuquerque, NM 87121
close
View Me
$941 - $1,127Built in 20231 to 2 Bedroom Apartments Available Now
Ceja Vista Senior 55+
10001 Ceja Vista Rd SWAlbuquerque, NM 87121
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.
close
View Me
$971 - $1,338Built in 20181 to 3 Bedroom Apartments Available Now
Arroyo Vista
4201 Bryn Mawr Dr NEAlbuquerque, NM 87107
close
View Me
$1,120 - $1,775Built in 2016Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
close
View Me
Rent Specials
$1,150 - $1,690Built in 20201 to 2 Bedroom Apartments Available Aug 14
Cresta North Valley
3308 4th St NWAlbuquerque, NM 87107
close
View Me
$1,200 - $2,500Built in 2019Studio to 2 Bedroom Apartments Available Now
De Anza - Nob Hill Luxury Apartments
4307 Central Ave NEAlbuquerque, NM 87108
close
View Me
close
View Me
close
View Me
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.
close
View Me
Built in 20221 Bedroom Apartments
Luminaria Senior Community
10600 Central Ave NEAlbuquerque, NM 87123
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Rent Specials
$814 - $965Built in 20251 to 2 Bedroom Apartments Contact Us For Availability
Felician Villa I - Senior 55+
1301 Stephanie Rd SERio Rancho, NM 87124
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.
close
View Me
$1,098 - $1,200Built in 2023Studio Apartments Available Now
Panorama
1465 Rio Rancho Blvd SERio Rancho, NM 87124
close
View Me
Built in 20251 to 2 Bedroom Apartments
Felician Villa II - Senior 55+
1325 Stephanie RdRio Rancho, NM 87124
close
View Me
Built in 20251 to 3 Bedroom Apartments
Trailhead at Chamizal - NOW LEASING
350 Osuna Rd NWLos Ranchos de Albuquerque, NM 87107
Showing Results 1-23, Page 1 of 1
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 | $1,033 | $603 | $2,800 |
| Albuquerque 1 Bedroom Apartments | $1,447 | $650 | $10,000+ |
| Albuquerque 2 Bedroom Apartments | $1,659 | $825 | $6,872 |
| Albuquerque 3 Bedroom Apartments | $2,170 | $799 | $8,125 |
| Albuquerque 4 Bedroom Apartments | $3,030 | $1,300 | $10,000+ |
Explore Albuquerque
Albuquerque, NM Local Guide
- Albuquerque Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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
Do you know the Albuquerque area?
Let everyone know!
Write a Review
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 $750.
What is the price of a cheap apartment in Albuquerque?
The cheapest apartment in Albuquerque is El Pueblo II Apartments which is listed at $716, while the average apartment in Albuquerque costs $2,123.
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 5,282 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 $420 which is $1,703 cheaper than the average rent for all rentals in Albuquerque.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.