Cheap Homes for Rent in Albuquerque, NM from $600 (60 Rentals)

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Search the lowest-cost Homes available for rent right now in Albuquerque.

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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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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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.

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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.

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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

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Albuquerque, NM Local Guide

Cheapest Neighborhoods for Apartments in Albuquerque, NM

Pricing Updated: 03/12/2026

Current apartment rentals in the Albuquerque, NM area range in price from $620 to $11,269 with an overall median price of $2,111. The three Albuquerque neighborhoods with the lowest median rent pricing are Southeast Heights at $810, Vecinos Del Bosque at $950, and La Mesa at $620. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southeast Heights$899$8109
Vecinos Del Bosque$950$9501
La Mesa$1,200$6208
Avalon$1,314$73016
Skyview West$1,314$73016
Midtown$1,331$750102
North Valley$1,331$75084
Vineyard$1,331$750166
Northern Meadows$1,337$94012
Las Lomita$1,341$73041

Cheapest Available Albuquerque Apartments for Rent

 

The cheapest available apartment rental in Albuquerque, NM is a Studio unit found at The Loop @950 in the South San Pedro neighborhood priced from $645. White Oak Apartments in the Highland Business neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Albuquerque apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$699
Nova Peak0BR/1.0BAStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
FREE UTILITIES!! GREAT VIBES!!Sailor Exterior UnitsStudio,1BA$720
El Sol1 Bedroom 1 Bath - 387091BR,1BA$725
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Carousel0 Bedroom 1 Bath - 38720Studio,1BA$740
ABQ EncoreStudioStudio,1BA$750

Best Value Apartments for Rent in Albuquerque, NM

As of March 13, 2026 the best value apartment in the Albuquerque area is the $1.19 price per square foot 1 Car Garage Model at Indian Ridge in the in the Northeast Quadrant neighborhood starting from $1,745. The second greatest value Albuquerque apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast Quadrant 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.
Indian Ridge1 Car Garage2BR,2.5BA$1.19
Four Seasons2br apartment corner unit2BR,1BA$1.10
La Cantera Senior Apartments2x12BR,1BA$1.21
Theta ApartmentsKaloDuo2BR,2BA$1.20
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.23
Copper Hills1x11BR,1BA$1.21
The Twelve 6011BR/1.0BA1BR,1BA$1.11
White Oak Apartments1x11BR,1BA$1.03
El Sol1 Bedroom 1 Bath - 387091BR,1BA$1.13
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$1.20

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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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 1589 Apartments for Rent in Albuquerque, NM with pricing that ranges from $620 to $11,269. There are also 342 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $650 to $7,000.

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 $650 to $7,000 with an average monthly rent of $2,212.

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 $982 to $3,905, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $7,000. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,300.

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

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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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.