Top Rated Apartments for Rent in Albuquerque, NM Under $1,500 (34 Rentals)

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Apartments in Albuquerque with the best features, newest construction, and richest amenities.

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Allaso Journal Center
Rent Specials
$1,479 - $2,343
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$1,479 - $2,343
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Studio to 2 Bedroom Apartments Available Now

Allaso Journal Center

7800 Headline Blvd NEAlbuquerque, NM 87109
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Circ
Rent Specials
$1,389 - $2,026
Total Monthly Price

Total Monthly Price

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$1,389 - $2,026
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1 to 3 Bedroom Apartments Available Now

Circ

10300 Golf Course Rd NWAlbuquerque, NM 87114
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Uptown Square
Rent Specials
$1,386 - $1,686
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Total Monthly Price

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$1,386 - $1,686
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Studio to 2 Bedroom Apartments Available Now

Uptown Square

7000 Phoenix Ave NEAlbuquerque, NM 87110
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Lumen
Rent Specials
$1,301 - $1,634
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$1,301 - $1,634
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1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers

Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

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Casa Tierra
Rent Specials
$1,214 - $5,670
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$1,214 - $5,670
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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
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CIBOLA VILLAGE
$1,109 - $1,519
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$1,109 - $1,519
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1 to 2 Bedroom Apartments Available Now

CIBOLA VILLAGE

12400 Montgomery Blvd NEAlbuquerque, NM 87111
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Glo Apartments
$1,095 - $1,990
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$1,095 - $1,990
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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
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Valley Apartments
Rent Specials
$1,046 - $1,705
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$1,046 - $1,705
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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City

Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.

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Volcanes Commons
1 to 3 Bedroom Apartments

Volcanes Commons

6901 Glenrio Rd NWAlbuquerque, NM 87121

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Olympus Latitude
Studio to 2 Bedroom Apartments

Olympus Latitude

6700 Modesto Ave NEAlbuquerque, NM 87113
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The Q at Jefferson
1 to 2 Bedroom Apartments

The Q at Jefferson

424 Jefferson St NEAlbuquerque, NM 87108
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Aspen Plaza
1 to 2 Bedroom Apartments

Aspen Plaza

3700 Aspen Ave NEAlbuquerque, NM 87110
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Pine Park Apartments
Studio to 2 Bedroom Apartments

Pine Park Apartments

8201 Marquette Ave NEAlbuquerque, NM 87108
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Valle de Atrisco
1 to 3 Bedroom Apartments

Valle de Atrisco

9901 Ceja Vista Rd SWAlbuquerque, NM 87121
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Don Quixote Apartments
Studio to 2 Bedroom Apartments

Don Quixote Apartments

1811 Lead Ave SEAlbuquerque, NM 87106
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Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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Hilltop House
Studio to 1 Bedroom Apartments

Hilltop House

5700 Copper Ave NEAlbuquerque, NM 87108
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Entrada Pointe
$1,284 - $1,567
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$1,284 - $1,567
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Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
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Showing Results 1-34, Page 1 of 1

Albuquerque, NM Local Guide

The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albuquerque, NM Rentals by Map

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Albuquerque, NM Area Reviews

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Frequently Asked Questions about Albuquerque

How much are Studio apartments in Albuquerque?

There are currently 680 Studio Apartments in Albuquerque with rent ranges from $645 to $1,967 with an average price of $1,910.

What is the current price range for One Bedroom Albuquerque Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Albuquerque ranges from $500 to $2,507 with an average monthly rent of $1,298.

What does renting a Two Bedroom Apartment in Albuquerque cost?

The monthly rent prices of Two Bedroom Apartments currently available in Albuquerque range from $795 to $3,523. Today's average rental price for Two Bedrooms here is $1,596.

How expensive are Albuquerque Three Bedroom Apartments?

There are currently 195 Three Bedroom Apartments listings available in Albuquerque on ApartmentHomeLiving.com. The pricing ranges from $1,066 to $3,930 - averaging $2,082 for the location.

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

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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.

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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.

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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.

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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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.

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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.