
Cheap Apartments for Rent in the Cervantes Neighborhood of Albuquerque, NM from $400 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cervantes area of Albuquerque.


Citadel - Free Utilities

513 Candelaria Rd NW

Rock Creek

Total Monthly Price
Desert Creek Apartments

401 14th St NW

Total Monthly Price
Union 505

Cedars - Free Cable & Internet*

Total Monthly Price
3513 Tulane Drive Northeast, Unit Apt 4, Unit Apt 4

1/2 OFF FIRST MONTHS RENT
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.

Sunchase Apartments

505 Headingly Ave NW

Total Monthly Price
Tesota Morningside

Lifestyles at Renaissance

Arroyo Vista

820 Apache Ave NW

911 Fruit Ave NW

Peaks at Los Ranchos

Peaks at Sandia View

1508 Edith Blvd NE
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.

Total Monthly Price
Glo Apartments

The Artisan @ Sawmill Village

Total Monthly Price
Valley Apartments

Total Monthly Price
1204 Sawmill Rd NW

1506 Edith Blvd NE

Siegel Select ABQ I

1209 Cordova Ave NW

Calle Cuarta

1420 4th St NW

Candelaria Gardens
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.

Carousel

Villa Nueva Senior Apartments

Sawmill Lofts

3617 Wellesley Dr SE

Aztec Manor

Downtown @ 700

Del Lago Apartments

Los Arcos

Faraday

The Franz
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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.

Villa Esperanza

Fourth Street Flats

3528 Tyson Pl NE

Sun Pointe Park Apartments

Theta Apartments

Aspen Plaza

522 14th St NW

Cresta North Valley

Anthea

Salida Del Sol Apartments
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
Cervantes, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Cervantes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cervantes Studio Apartments | $938 | $788 | $1,661 |
| Cervantes 1 Bedroom Apartments | $1,149 | $795 | $1,995 |
| Cervantes 2 Bedroom Apartments | $1,394 | $850 | $2,750 |
| Cervantes 3 Bedroom Apartments | $1,643 | $1,398 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Cervantes Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Cervantes, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
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Cheapest Available Cervantes Apartments for Rent
 The cheapest available apartment rental in the Cervantes area of Albuquerque, NM is a Studio unit found at Comanche Wells priced from $793. Union 505 has the second lowest priced unit, which is a Studio apartment currently listed from $838. Here are the most affordable Cervantes apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Comanche Wells | S1 | Studio,1BA | $793 |
| Union 505 | Studio | Studio,1BA | $838 |
| 1/2 OFF FIRST MONTHS RENT | 0BR/1.0BA | Studio,1BA | $900 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
| Desert Creek Apartments | The Sonoran | Studio,1BA | $914 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $971 |
| Peaks at Sandia View | 1x1-640 | 1BR,1BA | $1,025 |
| Peaks at Los Ranchos | Silverado Renovated | Studio,1BA | $1,025 |
| Theta Apartments | KaloDuo | 2BR,2BA | $1,075 |
| Lifestyles at Renaissance | 1 Bed, 1 Bath | 1BR,1BA | $1,137 |
Best Value Apartments for Rent in Cervantes, NM
As of April 09, 2026 the best value apartment in the Cervantes area is the $1.20 price per square foot KaloDuo Model at Theta Apartments in the in the Northwest Quadrant neighborhood starting from $1,075. The second greatest value Cervantes apartment is the B2BR Model at Tesota Morningside starting at $1,293 with a $1.49 price per square foot in the North Valley neighborhood. Here is today’s list of the best values for Cervantes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Theta Apartments | KaloDuo | 2BR,2BA | $1.20 |
| Tesota Morningside | B2BR | 2BR,2BA | $1.49 |
| Villa Esperanza | Two Bedroom One and a Half Bath | 2BR,1BA | $1.54 |
| Arroyo Vista | Two Bedroom | 2BR,1BA | $1.48 |
| Poblana Place | D 1/1 | 1BR,1BA | $1.80 |
| Peaks at Sandia View | 1x1R-640 | 1BR,1BA | $1.68 |
| Lifestyles at Renaissance | 1 Bed, 1 Bath | 1BR,1BA | $1.90 |
| Rock Creek | One Bedroom | 1BR,1BA | $1.74 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $1.66 |
| Comanche Wells | S1 | Studio ,1BA | $1.88 |
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.
Read ArticleThe 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 ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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.
Pet Friendly LifestyleCervantes, Albuquerque, NM
Ranked #166
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Cervantes, Albuquerque, NM
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, places to raise kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Cervantes Apartments
What is a cheap apartment in Cervantes?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cervantes is under $1,137.
What is the price of a cheap apartment in Cervantes?
The cheapest apartment in Cervantes is Sunchase Apartments which is listed at $905, while the average apartment in Cervantes costs $1,700.
What types of apartments are the cheapest in Cervantes?
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 31 regular apartments in Cervantes 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 Cervantes?
Cheap apartments in Cervantes have an average cost of $511 which is $1,189 cheaper than the average rent for all rentals in Cervantes.
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

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.
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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.