Cheap Apartments for Rent with Specials in Albuquerque, NM from $400 (61 Rentals)

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Rental Listings with Specials.

Cheap Apartments in Albuquerque.

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Desert Creek Apartments
Rent Specials
$725 - $2,532
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $2,532
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Desert Creek Apartments

4300 Pan American Fwy NEAlbuquerque, NM 87107
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Tesota Four Hills
Rent Specials
$746 - $2,569
Total Monthly Price

Total Monthly Price

Base Rent
$746 - $2,569
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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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.

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Comanche Wells
Rent Specials
$801 - $2,796
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Total Monthly Price

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$801 - $2,796
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Studio to 2 Bedroom Apartments Available Aug 27

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
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Union 505
Rent Specials
$818 - $2,227
Total Monthly Price

Total Monthly Price

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$818 - $2,227
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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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The French Quarter
Rent Specials
$850 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $995
Total Monthly Price
$850 - $995
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
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Tesota Midtown
Rent Specials
$857 - $1,607
Total Monthly Price

Total Monthly Price

Base Rent
$857 - $1,607
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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Studios on Route 66
Rent Specials
$900 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,100
Total Monthly Price
$900 - $1,100
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Eagle Point Apartments
Rent Specials
$947 - $1,679
Total Monthly Price

Total Monthly Price

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$947 - $1,679
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Eagle Point Apartments

4401 Morris St NEAlbuquerque, NM 87111
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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.

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Tesota Morningside
Rent Specials
$972 - $1,385
Total Monthly Price

Total Monthly Price

Base Rent
$972 - $1,385
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1 to 2 Bedroom Apartments Available Jul 31

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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Valley Apartments
Rent Specials
$974 - $1,751
Total Monthly Price

Total Monthly Price

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$974 - $1,751
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Arrowhead Pointe
Rent Specials
$1,013 - $1,592
Total Monthly Price

Total Monthly Price

Base Rent
$1,013 - $1,592
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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MOUNTAIN VISTA
Rent Specials
$1,020 - $1,674
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,674
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

MOUNTAIN VISTA

1501 Tramway Blvd NEAlbuquerque, NM 87112
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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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Copper Hills
Rent Specials
$1,049 - $1,253
Total Monthly Price

Total Monthly Price

Base Rent
$1,049 - $1,253
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Copper Hills

4200 Spanish Bit NEAlbuquerque, NM 87111
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  • Low Income
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Milo
Rent Specials
$1,075 - $1,463
Total Monthly Price

Total Monthly Price

Base Rent
$1,075 - $1,463
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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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.

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Albuquerque, NM Local Guide

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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Real 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.

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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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Remember the 3 Rules of Real Estate:
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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 $725.

What is the price of a cheap apartment in Albuquerque?

The cheapest apartment in Albuquerque is Home @ Valencia which is listed at $695, while the average apartment in Albuquerque costs $2,088.

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 5,423 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 $306 which is $1,782 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.

Helpful Local Expert Guides

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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.

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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.

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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.

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A Local Expert's Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque

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Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.