
Cheap Apartments for Rent in Albuquerque, NM from $400 (345 Rentals) Page 5 of 7
Search the lowest-cost Apartments available for rent right now in Albuquerque.


200-206 Pennsylvania St NE

Arcadia Courtyard

Columbia Apartments

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

332 Grove St SE

Somerset Lofts

White Oak Apartments

210 High St NE

816 Coal Ave SW

Inca - FREE Utilities

El Sol

Sun Apartments

Los Altos Lofts

University Studio Apartments

760 Juan Tabo Blvd NE

433-437 Louisiana Blvd SE

Sawmill Lofts

3617 Wellesley Dr SE

1300 Pennsylvania St NE

Hilltop House

Aztec Manor

Madeira Flats- Utilities Included!

Alvarado Apartments

San Mateo Suites

5315 Yucca Cir NE

Mesa Hills Senior Living

Villa Nueva Senior Apartments

Espanola Apartments

Canon de Arrowhead

Downtown @ 700

New Life Homes 4

Whispering Sands

Marbella-Income Restricted Waitlist

Modern Apartments with Great Amenities

209 Hanosh Ct SE

West Central Apartments

Skylight Apartments

Tennessee Street

University Village

Continental Arms
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 | $1,020 | $645 | $2,217 |
| Cheap Albuquerque 1 Bedroom Apartments | $1,301 | $500 | $2,863 |
| Cheap Albuquerque 2 Bedroom Apartments | $1,597 | $790 | $3,523 |
| Cheap Albuquerque 3 Bedroom Apartments | $2,011 | $915 | $3,930 |
| Cheap Albuquerque 4 Bedroom Apartments | $2,855 | $1,300 | $3,791 |
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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 Home @ Valencia which is listed at $695, while the average apartment in Albuquerque costs $2,075.
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 4,884 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 $309 which is $1,766 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 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.

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 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.

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

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.