Cheap Apartments for Rent in Albuquerque, NM from $400 with Washer/Dryer (86 Rentals) Page 2 of 2

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

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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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
  • Utilities Included
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760 On The Blvd
Studio to 2 Bedroom Apartments

760 On The Blvd

760 Juan Tabo Blvd NEAlbuquerque, NM 87123
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
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134-136 Altez St NE
2 Bedroom Apartments

134-136 Altez St NE

134-136 Altez St NEAlbuquerque, NM 87123
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Sterling Downtown
Studio to 2 Bedroom Apartments

Sterling Downtown

800 Silver Ave SWAlbuquerque, NM 87102
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Kromer House
1 Bedroom Apartments

Kromer House

1024 El Pueblo Rd NWAlbuquerque, NM 87114

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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Crescent Ridge
1 to 4 Bedroom Apartments

Crescent Ridge

8200 Bridge Blvd SWAlbuquerque, NM 87121
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Paseo Del Sol
1 to 3 Bedroom Apartments

Paseo Del Sol

291 El Pueblo Rd NWAlbuquerque, NM 87114
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Palazzo Apartments
1 to 3 Bedroom Apartments

Palazzo Apartments

14124 Copper Ave NEAlbuquerque, NM 87123
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Casitas de Colores
Studio to 3 Bedroom Apartments

Casitas de Colores

215 Lead Ave SWAlbuquerque, NM 87102
  • Utilities Included
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Aspen Ridge
2 to 4 Bedroom Apartments

Aspen Ridge

820 Louisiana Blvd SEAlbuquerque, NM 87108
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Fourth Street Flats
Studio to 2 Bedroom Apartments

Fourth Street Flats

4419 4th St NWAlbuquerque, NM 87107
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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Canon de Arrowhead
1 to 3 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
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Arroyo Villas
1 to 3 Bedroom Apartments

Arroyo Villas

4701 Irving Blvd NWAlbuquerque, NM 87114
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Zodiac Apartments
2 Bedroom Apartments

Zodiac Apartments

419 Vassar Dr SEAlbuquerque, NM 87106
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Ortiz Place Townhomes
2 Bedroom Apartments

Ortiz Place Townhomes

1233-1257 Ortiz Dr SEAlbuquerque, NM 87108
  • Utilities Included

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

Albuquerque, NM Area Reviews

  • Parks
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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 509 Girard Terrace Apartments which is listed at $559, while the average apartment in Albuquerque costs $1,849.

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 4,647 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 $333 which is $1,516 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.

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.