Cheap Apartments for Rent in the Encanto Village HOA Neighborhood of Albuquerque, NM from $400 (17 Rentals)

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

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Diamond Mesa
$1,523 - $6,763
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$1,523 - $6,763

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1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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4914 Rincon Rd NW
Studio Apartments

4914 Rincon Rd NW

4914 Rincon Rd NWAlbuquerque, NM 87105

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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West Ridge Park
2 Bedroom Apartments

West Ridge Park

9301 Volcano Rd NWAlbuquerque, NM 87121
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6005 Fortuna Rd NW
2 to 3 Bedroom Apartments

6005 Fortuna Rd NW

6005 Fortuna Rd NWAlbuquerque, NM 87105
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121

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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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
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New Life Homes 4
1 Bedroom Apartments

New Life Homes 4

6600 Delia Rd SWAlbuquerque, NM 87121
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Rainbow Apartments
1 Bedroom Apartments

Rainbow Apartments

4600 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
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Central West Apartments
Studio to 1 Bedroom Apartments

Central West Apartments

5501 Central Ave NWAlbuquerque, NM 87105
  • 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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La Serena Senior
1 to 2 Bedroom Apartments

La Serena Senior

457 Coors Blvd NWAlbuquerque, NM 87121
Senior Living

Encanto Village HOA, Albuquerque, NM Local Guide

Cheapest Available Encanto Village HOA Apartments for Rent

 

The cheapest available apartment rental in the Encanto Village HOA area of Albuquerque, NM is a Studio unit found at Tierra Pointe priced from $850. Crescent Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $952. Here are the most affordable Encanto Village HOA apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Tierra PointeS1Studio,1BA$850
Crescent RidgeJuniper1BR,1BA$952
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1,139
Diamond MesaSapphire1BR,1BA$1,519

Best Value Apartments for Rent in Encanto Village HOA, NM

As of April 25, 2026 the best value apartment in the Encanto Village HOA area is the $1.97 price per square foot Sapphire Model at Diamond Mesa in the in the Ironhorse at El Rancho Grande neighborhood starting from $1,519. The second greatest value Encanto Village HOA apartment is the Two Bedroom One Bathroom 768 Sq Ft Model at Generations at West Mesa starting at $1,139 with a $1.48 price per square foot in the Ironhorse at El Rancho Grande neighborhood. Here is today’s list of the best values for Encanto Village HOA apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Diamond MesaSapphire1BR,1BA$1.97
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.48
Crescent RidgeJuniper1BR,1BA$1.74
Tierra PointeA11BR,1BA$2.05

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.

Read Article
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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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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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Frequently Asked Questions about Cheap Encanto Village HOA Apartments

What is the lowest price for a Cheap Two Bedroom Encanto Village HOA Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Encanto Village HOA is starting from $935 at Tierra Pointe.

What is the most affordable Encanto Village HOA Three Bedroom Apartment?

The best deal on a cheap Encanto Village HOA Three Bedroom Apartment rental is at Tierra Pointe and starts from $1,326.

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

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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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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.