Cheap Apartments for Rent in the La Luz Neighborhood of Albuquerque, NM from $400 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the La Luz area of Albuquerque.

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Union 505
Rent Specials
$756 - $2,747
Total Monthly Price

Total Monthly Price

Base Rent
$756 - $2,747

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Affordability
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Valley Apartments
Rent Specials
$1,023 - $1,701
Total Monthly Price

Total Monthly Price

Base Rent
$1,023 - $1,701

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

property at 5800 2nd St NW

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

5800 2nd St NW

AlbuquerqueNM87107
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Calle Cuarta
Studio to 3 Bedroom Apartments

Calle Cuarta

3525 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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1420 4th St NW
1 to 2 Bedroom Apartments

1420 4th St NW

1420-1422 4th St NWAlbuquerque, NM 87102
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
  • Utilities Included
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included
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Aztec Manor
1 to 2 Bedroom Apartments

Aztec Manor

403 Aztec Rd NWAlbuquerque, NM 87107

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Los Arcos
1 Bedroom Apartments

Los Arcos

1813 Girard Blvd NEAlbuquerque, NM 87106
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Faraday
2 Bedroom Apartments

Faraday

4322 4th St NWAlbuquerque, NM 87107
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Fourth Street Flats
Studio to 2 Bedroom Apartments

Fourth Street Flats

4419 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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Cresta North Valley
Studio to 2 Bedroom Apartments

Cresta North Valley

3308 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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Poblana Place
Studio to 2 Bedroom Apartments

Poblana Place

2818 4th St NWAlbuquerque, NM 87107

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La Luz, Albuquerque, NM Local Guide

Cheapest Available La Luz Apartments for Rent

 

The cheapest available apartment rental in the La Luz area of Albuquerque, NM is a Studio unit found at Union 505 priced from $756. Peaks at Sandia View has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable La Luz apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$756
Peaks at Sandia View1x1-6381BR,1BA$975
Valley ApartmentsAzure Platinum1BR,1BA$1,094
The Artisan @ Sawmill VillageRetail SpaceStudio,$1,190
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1,199
Cresta North ValleyRenovated1BR,1BA$1,225
Siegel Select Albuquerque IStudio SuiteStudio,1BA$1,363
Poblana PlaceI 1/11BR,1BA$1,395
Villas @ Rio1BR/1.0BA1BR,1BA$1,425

Best Value Apartments for Rent in La Luz, NM

As of June 11, 2026 the best value apartment in the La Luz area is the $1.76 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $1,900. The second greatest value La Luz apartment is the I 1/1 Model at Poblana Place starting at $1,395 with a $1.92 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for La Luz apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas @ Rio2BR/2.0BA2BR,2BA$1.76
Poblana PlaceI 1/11BR,1BA$1.92
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1.70
Cresta North ValleyRenovated1BR,1BA$1.75
Peaks at Sandia View1x1R-6381BR,1BA$1.57
Valley ApartmentsAzure Platinum1BR,1BA$1.81
1204 Sawmill Rd NW1204 Sawmill Rd NW1BR,1BA$3.09
The Artisan @ Sawmill Village1x1 Market 420 sq.ft.1BR,1BA$2.98
Union 505StudioStudio ,1BA$2.33
Siegel Select Albuquerque ILarge StudioStudio ,1BA$5.37

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
La Luz, Albuquerque, NM

Ranked #194

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap La Luz Apartments

What is the Cheapest Studio apartment in La Luz?

Currently the most affordable Cheap Studio Apartment in La Luz is at Union 505 listed at $756.

How much is rent for a Cheap One Bedroom La Luz Apartment?

The lowest price for a Cheap One Bedroom La Luz Apartment is $975 at Peaks at Sandia View.

What is the lowest price for a Cheap Two Bedroom La Luz Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in La Luz is starting from $1,152 at Valley Apartments.

What is the most affordable La Luz Three Bedroom Apartment?

The best deal on a cheap La Luz Three Bedroom Apartment rental is at The Artisan @ Sawmill Village and starts from $1,398.

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.

Helpful Local Expert Guides

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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 Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.