Cheap Apartments for Rent in the Barelas Neighborhood of Albuquerque, NM from $700 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Barelas area of Albuquerque.

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Ten Ten Townhomes
1 to 3 Bedroom Apartments

Ten Ten Townhomes

1010-1024 Lead Ave SWAlbuquerque, NM 87102
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Sendero Albuquerque
Studio to 2 Bedroom Apartments

Sendero Albuquerque

101 Silver Ave SWAlbuquerque, NM 87102

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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920 Lead Ave SW
Studio Apartments

920 Lead Ave SW

920 Lead Ave SWAlbuquerque, NM 87102
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1101 Coal Ave SW
1 Bedroom Apartments

1101 Coal Ave SW

1101 Coal Ave SWAlbuquerque, NM 87102
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1300 Coal Ave SW
1 Bedroom Apartments

1300 Coal Ave SW

1300 Coal Ave SWAlbuquerque, NM 87102
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1314 Coal Ave SW
Studio Apartments

1314 Coal Ave SW

1314 Coal Ave SWAlbuquerque, NM 87102
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817 2nd St SW
Studio Apartments

817 2nd St SW

817 2nd St SWAlbuquerque, NM 87102

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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618 Coal Ave SW
Studio Apartments

618 Coal Ave SW

618 Coal Ave SWAlbuquerque, NM 87102
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1120 Lead Ave SW
1 Bedroom Apartments

1120 Lead Ave SW

1120 Lead Ave SWAlbuquerque, NM 87102
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Isleta Apartments
1 to 2 Bedroom Apartments

Isleta Apartments

600 Isleta Blvd SWAlbuquerque, NM 87105
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118 Bell Ave SE
Studio Apartments

118 Bell Ave SE

118 Bell Ave SEAlbuquerque, NM 87102
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El Sol
1 to 2 Bedroom Apartments

El Sol

1201 Iron Ave SWAlbuquerque, NM 87102
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Sterling Downtown
Studio to 2 Bedroom Apartments

Sterling Downtown

800 Silver Ave SWAlbuquerque, NM 87102
  • Utilities Included
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Casitas de Colores
Studio to 3 Bedroom Apartments

Casitas de Colores

215 Lead Ave SWAlbuquerque, NM 87102
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Del Rey
1 to 2 Bedroom Apartments

Del Rey

1200 Coal Ave SWAlbuquerque, NM 87102
  • Utilities Included
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La Tierra
1 to 2 Bedroom Apartments

La Tierra

1100 Coal Ave SWAlbuquerque, NM 87102
  • Utilities Included
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816 Coal Ave SW
1 to 2 Bedroom Apartments

816 Coal Ave SW

816 Coal Ave SWAlbuquerque, NM 87102
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1116 Coal Ave SW
Studio Apartments

1116 Coal Ave SW

1116 Coal Ave SWAlbuquerque, NM 87102
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1215-1223 Coal Ave SW
2 Bedroom Apartments

1215-1223 Coal Ave SW

1215-1223 Coal Ave SWAlbuquerque, NM 87102
  • Utilities Included
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Hacienda Del Sol
Studio Apartments

Hacienda Del Sol

815 Coal Avenue SWAlbuquerque, NM 87102
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Barelas, Albuquerque, NM Local Guide

Cheapest Available Barelas Apartments for Rent

 

The cheapest available apartment rental in the Barelas area of Albuquerque, NM is a 1 Bed unit found at Villa De San Felipe priced from $784. Alvarado Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Barelas apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Villa De San Felipe1x1D1BR,1BA$784
Alvarado ApartmentsAStudio,1BA$949
Silver Gardens ApartmentsTwo Bedroom, Two Bath (60%) - $200 Special2BR,2BA$1,135
Zocalo LoftsLarge One Bedroom1BR,1BA$1,145

Best Value Apartments for Rent in Barelas, NM

As of April 25, 2026 the best value apartment in the Barelas area is the $1.43 price per square foot Two Bedroom, Two Bath (60%) - $200 Special Model at Silver Gardens Apartments in the in the Netherwood Park neighborhood starting from $1,135. The second greatest value Barelas apartment is the Large One Bedroom Model at Zocalo Lofts starting at $1,145 with a $1.71 price per square foot in the Netherwood Park neighborhood. Here is today’s list of the best values for Barelas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Silver Gardens ApartmentsTwo Bedroom, Two Bath (60%) - $200 Special2BR,2BA$1.43
Zocalo LoftsLarge One Bedroom1BR,1BA$1.71
Alvarado ApartmentsAStudio ,1BA$2.20
Villa De San Felipe0x1BStudio ,1BA$1.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Pet Friendly Lifestyle
Barelas, Albuquerque, NM

Ranked #231

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Barelas Apartments

What is a cheap apartment in Barelas?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Barelas is under $1,145.

What is the price of a cheap apartment in Barelas?

The cheapest apartment in Barelas is Villa De San Felipe which is listed at $784, while the average apartment in Barelas costs $1,345.

What types of apartments are the cheapest in Barelas?

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 9 regular apartments in Barelas that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.