
Cheap Apartments for Rent in Albuquerque, NM from $400 (340 Rentals) Page 5 of 7
Search the lowest-cost Apartments available for rent right now in Albuquerque.


Arcadia Courtyard

Sunshine Apartments

Morris Townhome Apartments

Candelaria Gardens

420 Jefferson St NE

1801 Coal Pl SE

Tesota Four Hills South

1611 Gold Ave SE

1028 Alvarado Dr

308 Whispering Sands Ct SE

Manzano

Somerset Lofts

210 High St NE

816 Coal Ave SW

Inca - FREE Utilities

El Sol

Sun Apartments

Los Altos Lofts

Carousel

University Studio Apartments

760 Juan Tabo Blvd NE

433-437 Louisiana Blvd SE

332 Grove St SE

Sawmill Lofts

3617 Wellesley Dr SE

1300 Pennsylvania St NE

Hilltop House

Aztec Manor

Madeira Flats- Utilities Included!

San Mateo Suites

Alvarado Apartments

5315 Yucca Cir NE

Villa Nueva Senior Apartments

Mesa Hills Senior Living

Espanola Apartments

Canon de Arrowhead

Downtown @ 700

New Life Homes 4

Marbella-Income Restricted Waitlist

Whispering Sands

209 Hanosh Ct SE

The Valencia

West Central Apartments

Skylight Apartments

Casa Dos Santos Apartments

University Village

Continental Arms Apartments: Charming Gated Community

White Oak Apartments

Virginian Apartments
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 |
Browse Top Apartments in Albuquerque
See all Apartments in AlbuquerqueExplore Albuquerque
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.