Cheap Apartments for Rent in Albuquerque, NM from $400 with Washer/Dryer (86 Rentals)

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

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Desert Creek Apartments
Rent Specials
$725 - $2,439
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$725 - $2,439
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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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The French Quarter
Rent Specials
$850 - $995
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$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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Arrowhead Pointe
Rent Specials
$1,013 - $1,552
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$1,013 - $1,552
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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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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VILLA LA CHARLES
Rent Specials
$1,109 - $1,962
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$1,109 - $1,962
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1 to 2 Bedroom Apartments Available Now

VILLA LA CHARLES

12200 Montgomery Blvd NEAlbuquerque, NM 87111
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Calero
$1,112 - $2,051
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$1,112 - $2,051
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1 to 3 Bedroom Apartments Available Now

Calero

8000 Montgomery Blvd NEAlbuquerque, NM 87109
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Odyssey Apartments
Rent Specials
$1,154 - $1,984
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$1,154 - $1,984
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Studio to 3 Bedroom Apartments Available Now

Odyssey Apartments

10600 Cibola Loop NWAlbuquerque, NM 87114
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Canoan Village
Rent Specials
$1,164 - $1,747
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$1,164 - $1,747
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Studio to 2 Bedroom Apartments Available Now

Canoan Village

5300 Eubank Blvd NEAlbuquerque, NM 87111
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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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Casa Tierra
Rent Specials
$1,167 - $5,077
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$1,167 - $5,077
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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
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Aydan
$1,173 - $1,880
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$1,173 - $1,880
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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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The June
Rent Specials
$1,181 - $1,662
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$1,181 - $1,662
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1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
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Sun Plaza
$1,198 - $1,876
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$1,198 - $1,876
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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
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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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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:
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 $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 $2,075.

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 4,884 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 $309 which is $1,766 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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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.

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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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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.

decorative image for Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers article

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.

Articles, How-To's, and Tips

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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.

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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.