
Cheap Homes for Rent in Albuquerque, NM from $500 (42 Rentals)
Search the lowest-cost Homes available for rent right now in Albuquerque.


6912 Bellehaven Ave NE

408 Texas St NE

308 Rhode Island St SE

304 Texas St SE

308 Virginia St NE

4747 Spanish Sun Ave NE
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.

8213 Bell Ave SE

4610 Marble Ave

235 Tennessee St NE

436 Chama St SE

314 Rhode Island St SE

304 Dunes Pl SE
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.

2129 Coal Ave SE

412 Rhode Island St NE

336 Pennsylvania St NE

320 Grove St NE

201 Vermont St NE, Unit B

401 Dunes Ct SE

205 Ash St SE

315 Dorado Pl SE
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

12813 Dunes Rd SE

1352 Vassar Drive Northeast, Unit 1

1315 Dartmouth Dr NE

233 Dallas St NE

320 Tennessee St SE

1327 Tapia Blvd SW

1510 Coal Ave SE

12805 Dunes Rd SE

7405 Domingo Rd NE

410 Harvard Dr SE

207 Buena Vista Ct SE
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

411 Wellesley Dr SE

11912 Indian School Rd NE

320 Geraldine Loop SE

12608 Copper Ave NE

317 15th St NW
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

633 Adams St NE

905 Palo Duro Ave NW

8436 Chambers Ct NE

1900 Arno St SE

213 Alameda Rd NW
Albuquerque, NM Local Guide

How much does it cost to rent a home in Albuquerque?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albuquerque 2 Bedroom Homes for Rent | $2,013 | $795 | $5,500 |
Albuquerque 3 Bedroom Homes for Rent | $2,292 | $1,000 | $5,500 |
Albuquerque 4 Bedroom Homes for Rent | $3,001 | $1,650 | $10,000+ |
Albuquerque 5 Bedroom Homes for Rent | $3,230 | $2,400 | $4,200 |
Albuquerque 6 Bedroom Homes for Rent | $16,500 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Albuquerque
Explore Albuquerque
Albuquerque, NM Local Guide
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Cheapest Neighborhoods for Apartments in Albuquerque, NM
Pricing Updated: 07/02/2025Current apartment rentals in the Albuquerque, NM area range in price from $578 to $8,500 with an overall median price of $2,310. The three Albuquerque neighborhoods with the lowest median rent pricing are Silver Hill at $750, La Mesa at $707, and Southeast Heights at $775. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Silver Hill | $985 | $750 | 8 |
La Mesa | $1,010 | $707 | 4 |
Southeast Heights | $1,110 | $775 | 2 |
University Heights | $1,200 | $755 | 4 |
South San Pedro | $1,300 | $645 | 39 |
Westland North | $1,331 | $799 | 29 |
Trumbull Village | $1,335 | $645 | 13 |
Las Lomita | $1,336 | $730 | 42 |
Parkway | $1,341 | $730 | 42 |
Tierra Oeste | $1,341 | $730 | 42 |
Cheapest Available Albuquerque Apartments for Rent
 The cheapest available apartment rental in Albuquerque, NM is a Studio unit found at Desert Creek Apartments in the Northwest Quadrant neighborhood priced from $578. Brandywood Park - FREE Utilities in the South San Pedro neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Albuquerque apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $578 |
Brandywood Park - FREE Utilities | Sailor's Studio - FREE Utilities | Studio,1BA | $699 |
The Villas @ Uptown | Studio Upgrade | Studio,1BA | $700 |
El Pueblo II Apartments | 1x1 | 1BR,1BA | $716 |
Loop @950 | 0x1 - 410 | Studio,1BA | $725 |
Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
Home @ Valencia | 1bd/1ba | 1BR,1BA | $750 |
760 On The Blvd | Studio, 1 Bathroom | Studio,1BA | $750 |
Best Value Apartments for Rent in Albuquerque, NM
As of July 02, 2025 the best value apartment in the Albuquerque area is the $1.00 price per square foot Two Bedroom One Bath Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,200. The second greatest value Albuquerque apartment is the 2 bedroom 1 bathroom MKT Model at Via Apartments starting at $1,180 with a $1.18 price per square foot in the North Valley neighborhood. Here is today’s list of the best values for Albuquerque apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Taylor Ridge Apartments | Two Bedroom One Bath | 2BR,1BA | $1.00 |
Via Apartments | 2 bedroom 1 bathroom MKT | 2BR,1BA | $1.18 |
Four Seasons | 2br apartment corner unit | 2BR,1BA | $1.10 |
8309 Trumbull Ave SE, Unit B | 8309 Trumbull Ave SE | 2BR,1BA | $1.06 |
200 Tennessee St NE, Unit 200 A | 200 Tennessee St NE | 2BR,1BA | $1.13 |
420 Mesilla St SE, Unit A | 420 Mesilla St SE | 2BR,1BA | $1.06 |
116 Dallas St SE, Unit C | 116 Dallas St SE | 2BR,1BA | $1.20 |
Lomas Gardens | 1BR/1.0BA | 1BR,1BA | $1.21 |
El Pueblo II Apartments | 1x1 | 1BR,1BA | $1.03 |
528 Charleston St SE, Unit 4 | 528 Charleston St SE | 1BR,1BA | $1.23 |
Quick Rent Budget Calculator
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Albuquerque, NM Area Reviews
Frequently Asked Questions about Albuquerque
What type of rentals are currently available in Albuquerque?
There are currently 1621 Apartments for Rent in Albuquerque, NM with pricing that ranges from $578 to $8,500. There are also 296 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $575 to $16,500.
What is the current price range for Rental Homes in Albuquerque?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albuquerque ranges from $575 to $16,500 with an average monthly rent of $4,198.
How much are larger Three and Four Bedroom Rentals in Albuquerque?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albuquerque range from $799 to $7,468, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,253.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.