Cheap Apartments for Rent in the Fair West Neighborhood of Albuquerque, NM from $400 (149 Rentals)

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

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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Contact Us For Availability

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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Fair West, Albuquerque, NM Local Guide

Cheapest Available Fair West Apartments for Rent

 

The cheapest available apartment rental in the Fair West area of Albuquerque, NM is a Studio unit found at The Loop at 950 priced from $645. 501 Texas Street NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Fair West apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
501 Texas Street NE1BR/1.0BA1BR,1BA$695
Home @ Valencia1bd/1ba1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Cinnamon Tree ApartmentsStudioStudio,1BA$724
Nova RidgeS1Studio,1BA$725
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$750
Pinewood EstatesStudioStudio,1BA$750
Nova Point Gated Community0/1Studio,1BA$775

Best Value Apartments for Rent in Fair West, NM

As of August 15, 2026 the best value apartment in the Fair West area is the $1.08 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,311. The second greatest value Fair West apartment is the 3 bed/ 1 bath Model at 328 Rhode Island (New) St NE starting at $1,199 with a $1.26 price per square foot in the Towne Park neighborhood. Here is today’s list of the best values for Fair West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$1.08
328 Rhode Island (New) St NE3 bed/ 1 bath3BR,1BA$1.26
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.79
919-923 Alvarado2BR/1.0BA2BR,1BA$1.13
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16
501 Texas Street NE1BR/1.0BA1BR,1BA$1.21

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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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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Pet Friendly Lifestyle
Fair West, Albuquerque, NM

Ranked #56

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Fair West, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for East Central Albuquerque. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fair West Apartments

What is a cheap apartment in Fair West?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fair West is under $775.

What is the price of a cheap apartment in Fair West?

The cheapest apartment in Fair West is Home @ Valencia which is listed at $695, while the average apartment in Fair West costs $1,045.

What types of apartments are the cheapest in Fair West?

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 10 regular apartments in Fair West 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 Fair West?

Cheap apartments in Fair West have an average cost of $141 which is $904 cheaper than the average rent for all rentals in Fair West.

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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