
Cheap Apartments for Rent in Albuquerque, NM from $500 (436 Rentals) Page 5 of 9
Search the lowest-cost Apartments available for rent right now in Albuquerque.


Oak Tree Park

304 Vassar Dr SE

Vista Del Sol Apartments

Indigo Park

Total Monthly Price
Sierra Meadows

Landmark Apartments

Total Monthly Price
AYA ABQ

Solaire

Nob Hill

505 Central Lofts

Total Monthly Price
1204 Sawmill Rd NW

Total Monthly Price
13208 Mountain Rd NE, Unit d

3705 Lafayette Dr NE, Unit 1

Warren Continental

Calle Cuarta

Glorieta

Tucson Apartments

Princeton Hall Apartments

3409 Crest Ave SE

417 Sycamore St SE

Virginia Rose Apartments

3400 Crest Ave SE

209 Charleston St NE

436 Utah St NE

Warren Park Apartments

7900-7904 Trumbull Ave SE

126 Charleston St NE

123 53rd St NW

1420 4th St NW

Large Bedrooms and Balconies!

217 Walter St NE

Yucca House

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

1725 Paisano St Ne

1207 Barelas Rd SW

Hacienda Norte Apartments

628-636 Morris St NE

MLK

219 Walter St NE

12353 Mountain Rd NE

Kachina Apartments

Fair Plaza Apartments

328 Tennessee St SE
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 | $991 | $645 | $2,701 |
| Cheap Albuquerque 1 Bedroom Apartments | $1,295 | $500 | $2,868 |
| Cheap Albuquerque 2 Bedroom Apartments | $1,585 | $775 | $3,634 |
| Cheap Albuquerque 3 Bedroom Apartments | $1,987 | $1,066 | $4,419 |
| Cheap Albuquerque 4 Bedroom Apartments | $2,615 | $1,300 | $3,808 |
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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 $765.
What is the price of a cheap apartment in Albuquerque?
The cheapest apartment in Albuquerque is 1516 Tijeras Ave NE which is listed at $635, while the average apartment in Albuquerque costs $1,351.
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 2,605 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 $282 which is $1,069 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
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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.