Cheap Apartments for Rent in Albuquerque, NM from $400 (335 Rentals) Page 7 of 7
Search the lowest-cost Apartments available for rent right now in Albuquerque.

Gracey's Nation - Palomas Community

Spacious 2 Bedroom Apartment with Fireplace

Felician Villa I - Senior 55+

Panorama

Blue Agave Villas

817 1B Country Club Dr SE

Entrada Pointe

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 | $1,119 | $557 | $2,133 |
| Cheap Albuquerque 1 Bedroom Apartments | $1,299 | $650 | $4,121 |
| Cheap Albuquerque 2 Bedroom Apartments | $1,608 | $735 | $3,899 |
| Cheap Albuquerque 3 Bedroom Apartments | $1,989 | $1,020 | $3,905 |
| Cheap Albuquerque 4 Bedroom Apartments | $2,891 | $1,300 | $3,649 |
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Getting Around Albuquerque, NM
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $795.
What is the price of a cheap apartment in Albuquerque?
The cheapest apartment in Albuquerque is Tesota Four Hills which is listed at $704, while the average apartment in Albuquerque costs $2,157.
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 3,919 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 $320 which is $1,837 cheaper than the average rent for all rentals in Albuquerque.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!


























