
Apartments for Rent in Albuquerque, NM Under $1,600 (443 Rentals)


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Allaso Olivine

The Dillon Luxury Apartments

La Ventana

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The Senary by Allaso

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Cantata at the Trails

Altezza High Desert

Monterey Place

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Ottavo

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Allaso Vineyards
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Q @ Vassar

228 16th St NW

200 Cornell Dr

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Allaso Journal Center

Garfield Townhomes

Arterra

Enclave

Villas @ Rio

La Mirage Apartment Homes

Allegro at Tanoan
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.

Resort at Sandia Village

Broadstone Heights

Solaire

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Uptown Square

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Circ

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Siegel Select Albuquerque I

Landmark Apartments

Las Mananitas Apartments

Q @ Nob Hill

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Stride West
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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Lumen

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The Aubry

505 Central Lofts

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1204 Sawmill Rd NW

Prisma

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Sierra Meadows

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VILLA LA CHARLES

Vista Del Sol Apartments

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Spring Park

Eagle Ranch Apartments
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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Quincy

Indigo Park

Nob Hill

City View

Del Rio Apartments

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1013 Dickerson Dr SE, Unit B

Grove at Tramway

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Glo Apartments

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Sun Plaza

River Walk at Puerta de Corrales
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
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albuquerque Studio Apartments Under $1600 | $939 | $645 | $1,967 |
| Albuquerque 1 Bedroom Apartments Under $1600 | $1,305 | $500 | $2,641 |
| Albuquerque 2 Bedroom Apartments Under $1600 | $1,589 | $775 | $3,523 |
| Albuquerque 3 Bedroom Apartments Under $1600 | $2,050 | $1,028 | $3,930 |
| Albuquerque 4 Bedroom Apartments Under $1600 | $2,942 | $1,300 | $3,763 |
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Albuquerque, NM Local Guide
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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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albuquerque, NM Rentals by Map
See the most popular apartments and homes in Albuquerque, NM
Albuquerque, NM Area Reviews
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 $939.
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 $2,641 with an average monthly rent of $1,305.
What does renting a Two Bedroom Apartment in Albuquerque cost?
The monthly rent prices of Two Bedroom Apartments currently available in Albuquerque range from $775 to $3,523. Today's average rental price for Two Bedrooms here is $1,589.
How expensive are Albuquerque Three Bedroom Apartments?
There are currently 198 Three Bedroom Apartments listings available in Albuquerque on ApartmentHomeLiving.com. The pricing ranges from $1,028 to $3,930 - averaging $2,050 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

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

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.

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.

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.