
Cheap Apartments for Rent in the Lee Acres Neighborhood of Albuquerque, NM from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lee Acres area of Albuquerque.


Calle Cuarta

Comanche Wells

Rock Creek
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.

Lifestyles at Renaissance

El Paseo Apartments

Arroyo Vista

Peaks at Los Ranchos
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.
Lee Acres, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Lee Acres?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lee Acres Studio Apartments | $787 | $588 | $1,239 |
| Lee Acres 1 Bedroom Apartments | $1,340 | $761 | $4,121 |
| Lee Acres 2 Bedroom Apartments | $1,653 | $906 | $3,899 |
| Lee Acres 3 Bedroom Apartments | $2,005 | $1,039 | $3,885 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Lee Acres Neighborhood of Albuquerque, NM.
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Lee Acres, Albuquerque, NM Local Guide
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Cheapest Available Lee Acres Apartments for Rent
 The cheapest available apartment rental in the Lee Acres area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $588. Rock Creek has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Lee Acres apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $588 |
| Rock Creek | Studio | Studio,1BA | $845 |
| Comanche Wells | A1 | 1BR,1BA | $935 |
Best Value Apartments for Rent in Lee Acres, NM
As of December 28, 2025 the best value apartment in the Lee Acres area is the $1.50 price per square foot 2 BD/ 2.5 BA Model at 9368 Valley View Dr NW in the in the Northwest Quadrant neighborhood starting from $1,800. The second greatest value Lee Acres apartment is the Lennox Model at Las Mananitas Apartments starting at $1,385 with a $1.76 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Lee Acres apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 9368 Valley View Dr NW | 2 BD/ 2.5 BA | 1BR,1BA | $1.50 |
| Las Mananitas Apartments | Lennox | 1BR,1BA | $1.76 |
| Taylor Ranch | Maple | 1BR,1BA | $1.71 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.59 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $1.34 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.60 |
| Aydan | Pinon Renovated | 1BR,1BA | $1.87 |
| Lifestyles at Renaissance | 1 Bed, 1 Bath | 1BR,1BA | $1.79 |
| El Paseo Apartments | One-Bedroom | 1BR,1BA | $1.71 |
| Comanche Wells | A1 | 1BR,1BA | $1.80 |
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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Pet Friendly LifestyleLee Acres, Albuquerque, NM
Ranked #151
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Lee Acres Apartments
What is a cheap apartment in Lee Acres?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lee Acres is under $1,178.
What is the price of a cheap apartment in Lee Acres?
The cheapest apartment in Lee Acres is Comanche Wells which is listed at $935, while the average apartment in Lee Acres costs $2,120.
What types of apartments are the cheapest in Lee Acres?
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 21 regular apartments in Lee Acres 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 Lee Acres?
Cheap apartments in Lee Acres have an average cost of $221 which is $1,899 cheaper than the average rent for all rentals in Lee Acres.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.