
Cheap Apartments for Rent in the Las Terrazas Neighborhood of Albuquerque, NM from $900 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Las Terrazas area of Albuquerque.


River Walk at Puerta de Corrales

Total Monthly Price
Aydan

Total Monthly Price
Odyssey Apartments

Del Rio Apartments
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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.

Taylor Ranch

Puerta Del Sol

Eagle Ranch Apartments

Cottonwood Ranch

Prisma
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Solaire

Total Monthly Price
The Aubry

Resort at Sandia Village

Wintergreen Apartments

Kromer House
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Arroyo Villas

Furnished Studio-Albuquerque - Rio Rancho
Las Terrazas, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Las Terrazas?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Las Terrazas Studio Apartments | $1,421 | $1,162 | $1,893 |
| Las Terrazas 1 Bedroom Apartments | $1,504 | $956 | $2,257 |
| Las Terrazas 2 Bedroom Apartments | $1,759 | $1,141 | $3,995 |
| Las Terrazas 3 Bedroom Apartments | $2,212 | $1,750 | $4,310 |
| Las Terrazas 4 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Las Terrazas Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Las Terrazas, Albuquerque, NM Local Guide
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Cheapest Available Las Terrazas Apartments for Rent
 The cheapest available apartment rental in the Las Terrazas area of Albuquerque, NM is a 1 Bed unit found at River Walk at Puerta de Corrales priced from $1,129. La Cantera Senior Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,141. Here are the most affordable Las Terrazas apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Walk at Puerta de Corrales | Greenway | 1BR,1BA | $1,129 |
| La Cantera Senior Apartments | 2x2 | 2BR,2BA | $1,141 |
| Aydan | Pinon Renovated | 1BR,1BA | $1,152 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1,185 |
| Puerta Del Sol | The Barcelona | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Las Terrazas, NM
As of February 27, 2026 the best value apartment in the Las Terrazas area is the $1.33 price per square foot Cottonwood - Phase II Model at The Aspens in the in the Northwest Quadrant neighborhood starting from $1,819. The second greatest value Las Terrazas apartment is the JADE Model at Via Verde starting at $2,075 with a $1.83 price per square foot in the Paradise Hills neighborhood. Here is today’s list of the best values for Las Terrazas apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Aspens | Cottonwood - Phase II | 3BR,2BA | $1.33 |
| Via Verde | JADE | 2BR,2BA | $1.83 |
| The Aubry | B5 | 2BR,2BA | $1.59 |
| Resort at Sandia Village | 2x2 Reno | 2BR,2BA | $1.56 |
| La Cantera Senior Apartments | 2x1 | 2BR,1BA | $1.21 |
| Prisma | Citrine Renovated | 1BR,1BA | $1.79 |
| Cottonwood Ranch | Maple (Premium) | 1BR,1BA | $1.66 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.64 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.65 |
| Aydan | Pinon Renovated | 1BR,1BA | $1.83 |
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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Read ArticleQuick Rent Budget Calculator
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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.
Pet Friendly LifestyleLas Terrazas, Albuquerque, NM
Ranked #97
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Las Terrazas Apartments
What is the Cheapest Studio apartment in Las Terrazas?
Currently the most affordable Cheap Studio Apartment in Las Terrazas is at Las Mananitas Apartments listed at $1,260.
How much is rent for a Cheap One Bedroom Las Terrazas Apartment?
The lowest price for a Cheap One Bedroom Las Terrazas Apartment is $1,129 at River Walk at Puerta de Corrales.
What is the lowest price for a Cheap Two Bedroom Las Terrazas Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Las Terrazas is starting from $1,141 at La Cantera Senior Apartments.
What is the most affordable Las Terrazas Three Bedroom Apartment?
The best deal on a cheap Las Terrazas Three Bedroom Apartment rental is at The Aspens and starts from $1,819.
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

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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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.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.