
Cheap Apartments for Rent in the Mariposa Neighborhood of Albuquerque, NM from $900 (2 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mariposa area of Albuquerque.

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.

Terra at Enchanted Hills
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.
Mariposa, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Mariposa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mariposa 1 Bedroom Apartments | $1,015 | $931 | $1,325 |
| Mariposa 2 Bedroom Apartments | $1,149 | $1,086 | $2,200 |
| Mariposa 3 Bedroom Apartments | $1,246 | $1,228 | $1,810 |
| Mariposa 4 Bedroom Apartments | $1,343 | $1,343 | $1,343 |
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Mariposa, Albuquerque, NM Local Guide
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Best Value Apartments for Rent in Mariposa, NM
As of January 30, 2026 the best value apartment in the Mariposa area is the $1.80 price per square foot 2 x 2.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,200. The second greatest value Mariposa apartment is the Bandelier Model at Enchanted Hills starting at $1,300 with a $2.22 price per square foot in the Encantado del Norte Heritage Series neighborhood. Here is today’s list of the best values for Mariposa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terra at Enchanted Hills | 2 x 2.5 (2-car Gar) | 2BR,2.5BA | $1.80 |
| Enchanted Hills | Bandelier | 1BR,1BA | $2.22 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.71 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Mariposa, Albuquerque, NM
School data provided by Great Schools
Frequently Asked Questions about Cheap Mariposa Apartments
What is the price of a cheap apartment in Mariposa?
The cheapest apartment in Mariposa is Casa de Encantada Senior Apartments which is listed at $993, while the average apartment in Mariposa costs $1,343.
What types of apartments are the cheapest in Mariposa?
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 6 regular apartments in Mariposa that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
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.

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.