Homes for Rent in Albuquerque, NM Under $1,500 (63 Rentals)

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property at 2101 Elm St SE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

3 Bedroom, 1.5 Bath Townhome for Rent

Available Now

2101 Elm St SE

AlbuquerqueNM87102
property at 8301 Comanche Ct NE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Townhome for Rent

Available May 1

8301 Comanche Ct NE

AlbuquerqueNM87110

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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property at 1506 Edith Blvd NE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 Edith Blvd NE

AlbuquerqueNM87102

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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property at 820 Arno St SE

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

820 Arno St SE

AlbuquerqueNM87102

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.

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property at 1508 Edith Blvd NE

$1,100 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,650
Total Monthly Price
$1,100 - $1,650

Studio To 2 Bedroom Homes for Rent

Available Now

1508 Edith Blvd NE

AlbuquerqueNM87102

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.

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Albuquerque, NM Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Albuquerque, NM Rentals by Map

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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 1590 Apartments for Rent in Albuquerque, NM with pricing that ranges from $439 to $5,442. There are also 299 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albuquerque ranging from $750 to $8,500.

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 $8,500 with an average monthly rent of $2,108.

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 $4,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $7,000. Four Bedroom Single-Family rentals are also available starting from $1,700 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.