
Cheap Apartments for Rent in Albuquerque, NM from $500 (436 Rentals) Page 6 of 9
Search the lowest-cost Apartments available for rent right now in Albuquerque.


420 Jefferson St NE

Arcadia Courtyard

1801 Coal Pl SE

Candelaria Gardens

Morris Townhome Apartments

Sunshine Apartments

200-206 Pennsylvania St NE

Tesota Four Hills South

1611 Gold Ave SE

1028 Alvarado Dr

2404-2406 1/2 Dora Ave NW

510 Adams St NE

308 Whispering Sands Ct SE

3435 Smith Ave SE

501 Texas Street NE

Manzano

332 Grove St SE

Somerset Lofts

210 High St NE

Inca - FREE Utilities

El Sol

Sun Apartments

Los Altos Lofts

University Studio Apartments

433-437 Louisiana Blvd SE

760 Juan Tabo Blvd NE

1230 Katie St NE

217 Harvard Dr SE

1203 Barelas Rd SW

Central Apartments (4223)

Sawmill Lofts

3617 Wellesley Dr SE

Madeira Flats- Utilities Included!

San Mateo Suites

Hilltop House

1300 Pennsylvania St NE

Alvarado Apartments

5315 Yucca Cir NE

Mesa Hills Senior Living

Villa Nueva Senior Apartments

Espanola Apartments

Canon de Arrowhead

Downtown @ 700

New Life Homes 4

Casa Dos Santos Apartments

Chico Apartments

Marbella-Income Restricted Waitlist

Modern Apartments with Great Amenities

305 Charleston Dr. 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 | $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.