Cheap Homes for Rent in Albuquerque, NM from $700 (77 Rentals)

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Albuquerque, NM Local Guide

Cheapest Neighborhoods for Apartments in Albuquerque, NM

Pricing Updated: 09/14/2025

Current apartment rentals in the Albuquerque, NM area range in price from $559 to $82,500 with an overall median price of $1,860. The three Albuquerque neighborhoods with the lowest median rent pricing are Trumbull Village at $707, Vecinos Del Bosque at $900, and La Mesa at $707. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Trumbull Village$900$7077
Vecinos Del Bosque$900$9001
La Mesa$1,200$70710
Rose View Acres$1,200$74017
Southeast Heights$1,250$6006
Highland Business$1,300$81533
Douglas MacArthur Sandia Plaza$1,338$63930
Los Alamos$1,338$63935
Merritt Acres$1,338$63936
Las Lomita$1,341$73036

Cheapest Available Albuquerque Apartments for Rent

 

The cheapest available apartment rental in Albuquerque, NM is a 1 Bed unit found at 509 Girard Terrace Apartments in the Southeast Quadrant neighborhood priced from $559. FREE UTILITIES!! GREAT VIBES!! 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
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$559
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$699
Home @ Valencia1bd/1ba1BR,1BA$715
El Pueblo II Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$729
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
ABQ EncoreStudioStudio,1BA$750

Best Value Apartments for Rent in Albuquerque, NM

As of September 15, 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 TC Model at Via Apartments starting at $1,154 with a $1.15 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Via Apartments2 bedroom 1 bathroom TC2BR,1BA$1.15
Four Seasons2br apartment corner unit2BR,1BA$1.10
520 Tennessee St NE2bed/1 ba Unfurnished2BR,1BA$1.16
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.24
Lomas Gardens2BR/1.0BA2BR,1BA$1.24
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
El Pueblo II Apartments1x11BR,1BA$1.03
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86

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Albuquerque, NM
Population: 560,218

Ranked #32

in US Census Population by City

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Pet Friendly Lifestyle
Albuquerque, NM

Ranked #1

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 1536 Apartments for Rent in Albuquerque, NM with pricing that ranges from $559 to $82,500. There are also 429 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $700 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 $700 to $16,500 with an average monthly rent of $3,087.

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 $1,020 to $3,985, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,995. Four Bedroom Single-Family rentals are also available starting from $1,800 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.

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.