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


Coyote Point

Mountain View II Apartments

Casitas de Colores

The Franz

Panorama Heights

River Rock Apartments

Villa Esperanza

Norte Villas Apartments

Copper Terrace Apartments

Fourth Street Flats

Bricklight District

Pine Park Apartments

Borderman's Reef

Desert Park

Aspen Ridge

Sun Pointe Park Apartments

Theta Apartments

Montgomery Manor

Aspen Plaza

Villas Del Cielo

120 10th St NW

2813 Nakomis Dr NE

500-504 Ortiz Dr SE

Zodiac Apartments

Old Town Casitas

Nuevo Atrisco

Cresta North Valley

Mountain Run Apartments

Anthea

Arroyo Villas

Chaparral - No Availability

Ortiz Place Townhomes

Marquee Village Apartments

Arrowhead Ridge

The Panorama

Blue Agave Villas

Felician Villa I - Senior 55+

Felician Villa II - Senior 55+

Trailhead at Chamizal - NOW LEASING
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.