Cheap Homes for Rent in Albuquerque, NM from $700 (63 Rentals)

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Albuquerque, NM Local Guide

Cheapest Neighborhoods for Apartments in Albuquerque, NM

Pricing Updated: 07/31/2025

Current apartment rentals in the Albuquerque, NM area range in price from $603 to $82,500 with an overall median price of $2,259. The three Albuquerque neighborhoods with the lowest median rent pricing are Silver Hill at $750, La Mesa at $707, and Trumbull Village at $645. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Silver Hill$975$7506
La Mesa$1,045$7073
Trumbull Village$1,123$6459
Singing Arrow$1,142$73019
University Heights$1,150$9004
Southeast Heights$1,250$6508
Avalon$1,331$73077
Ladera West$1,331$730107
Las Lomita$1,331$73087
Laurelwoods$1,331$73087

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 $603. 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 ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$603
Brandywood Park - FREE UtilitiesSailor's Studio - FREE UtilitiesStudio,1BA$699
The Villas @ UptownStudio UpgradeStudio,1BA$700
El Pueblo II Apartments1x11BR,1BA$716
Loop @9500x1 - 410Studio,1BA$725
Nova RidgeS1Studio,1BA$725
Comanche WellsS1Studio,1BA$730
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Home @ Valencia1bd/1ba1BR,1BA$750

Best Value Apartments for Rent in Albuquerque, NM

As of July 31, 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 Brookhaven Model at Oak Tree Park starting at $1,355 with a $1.31 price per square foot in the Baloon Fiesta Park neighborhood. Here is today’s list of the best values for Albuquerque apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Oak Tree ParkBrookhaven2BR,2BA$1.31
Four Seasons2br apartment corner unit2BR,1BA$1.10
Nova ViewB22BR,1BA$1.28
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
12805 Dunes Rd SE, Unit 212805 Dunes Rd SE2BR,1BA$1.29
Mission Hill ApartmentsThe Sequoia1BR,1BA$1.24
Copper Hills1x11BR,1BA$1.28
Lomas Gardens1BR/1.0BA1BR,1BA$1.19
El Pueblo II Apartments1x11BR,1BA$1.03

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Albuquerque, NM Area Reviews

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Frequently Asked Questions about Albuquerque

What type of rentals are currently available in Albuquerque?

There are currently 1572 Apartments for Rent in Albuquerque, NM with pricing that ranges from $603 to $82,500. There are also 340 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $750 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 $750 to $16,500 with an average monthly rent of $3,295.

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 $8,021, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,300.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.