
Cheap Apartments for Rent in Albuquerque, NM from $400 (340 Rentals) Page 4 of 7
Search the lowest-cost Apartments available for rent right now in Albuquerque.


Villa Serena Apartments

Four Seasons

12244 Menaul Blvd NE

Overlook

Total Monthly Price
12001 Phoenix Ave NE, Unit C

2900 Palo Verde Dr NE, Unit D

The Artisan @ Sawmill Village

Total Monthly Price
Glo Apartments

604 Arno St NE

The Heights at Tramway

Taylor Ridge Apartments

12205 Eric Ct NE

912 San Pedro Dr SE

Total Monthly Price
1207 Barelas St SW

118 Princeton Dr SE

4601 Douglas MacArthur Rd NE

1521 Gold Ave SE

Warren Continental

Calle Cuarta

Generations at West Mesa

Glorieta

Tucson Apartments

Princeton Hall Apartments

3409 Crest Ave SE

3400 Crest Ave SE

Virginia Rose Apartments

209 Charleston St NE

436 Utah St NE

Warren Park Apartments

7900-7904 Trumbull Ave SE

126 Charleston St NE

1420 4th St NW

Yucca House

217 Pennsylvania St NE

Columbian Apartments

Patios - FREE Utilities+Standard Cable

Casa Del Rey Sur

Sunport Plaza Apartments

Donna Ann Apartments

1405 Gold Ave SE

11101 Towner Ave NE

Hacienda Norte Apartments

628-636 Morris St NE

219 Walter St NE

Kachina Apartments

1516 Tijeras Ave NE

Fair Plaza Apartments

328 Tennessee St SE

200-206 Pennsylvania St NE
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Albuquerque Studio Apartments | $949 | $645 | $1,826 |
| Cheap Albuquerque 1 Bedroom Apartments | $1,305 | $500 | $2,636 |
| Cheap Albuquerque 2 Bedroom Apartments | $1,604 | $795 | $3,200 |
| Cheap Albuquerque 3 Bedroom Apartments | $2,085 | $1,012 | $3,930 |
| Cheap Albuquerque 4 Bedroom Apartments | $3,090 | $1,300 | $3,763 |
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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 $725.
What is the price of a cheap apartment in Albuquerque?
The cheapest apartment in Albuquerque is Generations at West Mesa which is listed at $439, while the average apartment in Albuquerque costs $2,060.
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 3,975 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 $279 which is $1,781 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

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.

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.

Albuquerque Uncovered: Your Local Experts 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.

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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.