
Cheap Apartments for Rent in Albuquerque, NM from $400 with Washer/Dryer (87 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Albuquerque.


Candelaria Gardens

760 Juan Tabo Blvd NE

Sawmill Lofts

Canon de Arrowhead

Marbella-Income Restricted Waitlist

Modern Apartments with Great Amenities

134-136 Altez St NE

1606-1612 Coal Ave SE
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

Palazzo Apartments

Volcanes Commons

Sterling Downtown

Kromer House

Ceja Vista Senior 55+

Treehouse

Imperial

Paseo Del Sol

Welcome Home To Rio Volcan!
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Chelsea Village Apartments

Casitas de Colores

The Valencia

Panorama Heights

Generations at West Mesa

Fourth Street Flats

Continental Flats

Sun Pointe Park Apartments

Villas Del Cielo
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.

Old Town Casitas

Arroyo Villas

Aspen Ridge

Ortiz Place Townhomes

Rancho Verde

Mountain Run Apartments

Arrowhead Ridge

The Panorama

Total Monthly Price
Entrada Pointe
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.

Trailhead at Chamizal - NOW LEASING
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 | $1,009 | $645 | $2,724 |
| Albuquerque 1 Bedroom Apartments | $1,288 | $500 | $2,863 |
| Albuquerque 2 Bedroom Apartments | $1,593 | $746 | $3,523 |
| Albuquerque 3 Bedroom Apartments | $1,989 | $915 | $4,419 |
| Albuquerque 4 Bedroom Apartments | $2,840 | $1,300 | $3,683 |
Browse Top Apartments in Albuquerque
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Albuquerque, NM Area Reviews
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 $748.
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 $2,090.
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 5,137 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 $315 which is $1,775 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

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.

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
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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.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
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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.

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.
Articles, How-To's, and Tips

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.

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.

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.

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.