
Cheap Apartments for Rent in the Las Lomita Neighborhood of Albuquerque, NM from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Las Lomita area of Albuquerque.


Bluewater Village

9317 Central Ave

Adobe Manor Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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.
Las Lomita, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Las Lomita?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Las Lomita Studio Apartments | $1,179 | $835 | $2,523 |
Las Lomita 1 Bedroom Apartments | $1,350 | $730 | $2,338 |
Las Lomita 2 Bedroom Apartments | $1,577 | $697 | $3,016 |
Las Lomita 3 Bedroom Apartments | $1,767 | $799 | $5,195 |
Las Lomita 4 Bedroom Apartments | $1,650 | $1,300 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Las Lomita Neighborhood of Albuquerque, NM.
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Las Lomita, Albuquerque, NM Local Guide
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Cheapest Available Las Lomita Apartments for Rent
 The cheapest available apartment rental in the Las Lomita area of Albuquerque, NM is a Studio unit found at 9317 Central Ave priced from $795. Volcanes Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $902. Here are the most affordable Las Lomita apartments for rent in Albuquerque, NM:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
9317 Central Ave | West Studios | Studio,1BA | $795 |
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
Canon de Arrowhead | 1 bedroom 1 bath | 1BR,1BA | $964 |
Best Value Apartments for Rent in Las Lomita, NM
As of June 22, 2025 the best value apartment in the Las Lomita area is the $1.34 price per square foot The Sandia Model at Mesa Ridge Apartments in the in the Northwest Quadrant neighborhood starting from $1,284. The second greatest value Las Lomita apartment is the 2 bedroom 2 bath Model at Canon de Arrowhead starting at $1,154 with a $1.25 price per square foot in the Alamosa neighborhood. Here is today’s list of the best values for Las Lomita apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mesa Ridge Apartments | The Sandia | 2BR,2BA | $1.34 |
Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
Villa Hermosa | The Pueblo Casita | 2BR,1BA | $1.32 |
Stride West | a10ar - Renovated | 1BR,1BA | $1.73 |
Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
Tierra Pointe | S1 | Studio ,1BA | $2.39 |
9317 Central Ave | West Studios | Studio ,1BA | $3.53 |
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.
Pet Friendly LifestyleLas Lomita, Albuquerque, NM
Ranked #196
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Las Lomita Apartments
What is a cheap apartment in Las Lomita?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Las Lomita is under $1,284.
What is the price of a cheap apartment in Las Lomita?
The cheapest apartment in Las Lomita is Volcanes Commons which is listed at $902, while the average apartment in Las Lomita costs $1,650.
What types of apartments are the cheapest in Las Lomita?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Las Lomita that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Las Lomita?
Cheap apartments in Las Lomita have an average cost of $486 which is $1,164 cheaper than the average rent for all rentals in Las Lomita.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.