Top Rated Cheap Apartments for Rent in Albuquerque, NM from $400 (39 Rentals)

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Top Rated Apartments in Albuquerque.

Cheap Apartments in Albuquerque.

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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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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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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Warren Continental
Studio Apartments

Warren Continental

1000 Louisiana Blvd SEAlbuquerque, NM 87108
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Sterling Downtown
Studio Apartments

Sterling Downtown

800 Silver Ave SWAlbuquerque, NM 87102
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Downtown @ 700
Studio Apartments

Downtown @ 700

700 2nd St NWAlbuquerque, NM 87102
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Pine Lane Apartments
1 to 2 Bedroom Apartments

Pine Lane Apartments

3300 Morris St NEAlbuquerque, NM 87111
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The Crossroads
Studio Apartments

The Crossroads

315 Central Ave NWAlbuquerque, NM 87102
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Faraday
2 Bedroom Apartments

Faraday

4322 4th St NWAlbuquerque, NM 87107
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Barcelona Suites
Studio Apartments

Barcelona Suites

900 Louisiana Blvd NEAlbuquerque, NM 87110
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The Franz
Studio Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104
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Fourth Street Flats
2 Bedroom Apartments

Fourth Street Flats

4419 4th St NWAlbuquerque, NM 87107
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Bricklight District
Studio Apartments

Bricklight District

115 Harvard Dr SEAlbuquerque, NM 87106
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Old Town Casitas
1 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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120 10th St NW
Studio Apartments

120 10th St NW

120 10th St NWAlbuquerque, NM 87102
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Showing Results 1-39, Page 1 of 1

Albuquerque, NM Local Guide

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.

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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

  • Parks
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Frequently Asked Questions about Cheap Albuquerque Apartments

What is the Cheapest Studio apartment in Albuquerque?

Currently the most affordable Cheap Studio Apartment in Albuquerque is at Desert Creek Apartments listed at $578.

How much is rent for a Cheap One Bedroom Albuquerque Apartment?

The lowest price for a Cheap One Bedroom Albuquerque Apartment is $716 at El Pueblo II Apartments.

What is the lowest price for a Cheap Two Bedroom Albuquerque Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Albuquerque is starting from $925 at Lomas Gardens.

What is the most affordable Albuquerque Three Bedroom Apartment?

The best deal on a cheap Albuquerque Three Bedroom Apartment rental is at Canon de Arrowhead and starts from $1,093.

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.

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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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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.

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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.

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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.