Cheap Homes for Rent in Albuquerque, NM from $400 (41 Rentals)

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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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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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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: 10/21/2025

Current apartment rentals in the Albuquerque, NM area range in price from $558 to $4,121 with an overall median price of $2,045. The three Albuquerque neighborhoods with the lowest median rent pricing are Vecinos Del Bosque at $750, Trumbull Village at $674, and Silver Hill at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Vecinos Del Bosque$750$7501
Trumbull Village$900$67410
Silver Hill$1,122$8005
Rose View Acres$1,200$74015
University Heights$1,200$9754
La Mesa$1,225$6749
Singing Arrow$1,231$73037
Southeast Heights$1,250$7045
Southwest Quadrant$1,250$55922
Sunport$1,250$7046

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. Home @ Valencia in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. 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
Home @ Valencia1bd/1ba1BR,1BA$695
Desert Creek ApartmentsThe SonoranStudio,1BA$699
FREE UTILITIES!! GREAT VIBES!!Sailor Interior UnitsStudio,1BA$699
The Villas @ UptownStudio ClassicStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$729
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium FlatsUnit Type AStudio,1BA$740

Best Value Apartments for Rent in Albuquerque, NM

As of October 21, 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 2 Bathroom Model at Canyon Crest starting at $1,234 with a $1.13 price per square foot in the Northeast 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.
Taylor Ridge ApartmentsTwo Bedroom One Bath2BR,1BA$1.00
Canyon Crest2 Bedroom 2 Bathroom2BR,2BA$1.13
Four Seasons2br apartment corner unit2BR,1BA$1.10
2608 Muriel St NE, Unit D2608 Muriel St NE2BR,1BA$1.11
544 Chama St SE, Unit C544 Chama St SE2BR,1BA$1.11
200 Tennessee St NE, Unit 200 A200 Tennessee St NE1BR,1BA$0.94
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
8405 Trumbull Ave SE, Unit D8405 Trumbull Ave SE2BR,1BA$1.03
White Oak Apartments1x11BR,1BA$1.03
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86

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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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!

Explore Albuquerque, NM Rentals by Map

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See the most popular apartments and homes in Albuquerque, NM

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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 1570 Apartments for Rent in Albuquerque, NM with pricing that ranges from $558 to $4,121. There are also 405 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $400 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 $400 to $16,500 with an average monthly rent of $4,068.

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 $3,920, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,700 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.