Cheap Apartments for Rent in the Matthew Meadows Neighborhood of Albuquerque, NM from $500 (16 Rentals)

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

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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.

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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
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Aztec Manor
1 to 2 Bedroom Apartments

Aztec Manor

403 Aztec Rd NWAlbuquerque, NM 87107
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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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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104

Matthew Meadows, Albuquerque, NM Local Guide

Cheapest Available Matthew Meadows Apartments for Rent

 

The cheapest available apartment rental in the Matthew Meadows area of Albuquerque, NM is a Studio unit found at Union 505 priced from $799. Valley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $947. Here are the most affordable Matthew Meadows apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$799
Valley ApartmentsAzure Platinum1BR,1BA$947
Cresta North Valley1 bed/1 bath1BR,1BA$1,199
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1,200
Taylor Ranch1B: Maple (TR)1BR,1BA$1,220

Best Value Apartments for Rent in Matthew Meadows, NM

As of October 25, 2025 the best value apartment in the Matthew Meadows area is the $2.38 price per square foot Corporate Suite UV Model at Andalucia Villas in the in the Northwest Quadrant neighborhood starting from $3,865. The second greatest value Matthew Meadows apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $2,075 with a $1.92 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Matthew Meadows apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Andalucia VillasCorporate Suite UV3BR,2BA$2.38
Villas @ Rio2BR/2.0BA2BR,2BA$1.92
Griegos FarmsType C2BR,2BA$2.29
Valley ApartmentsGrand Platinum3BR,2BA$1.59
Poblana PlaceM 1/11BR,1BA$1.99
Taylor Ranch1B: Maple (TR)1BR,1BA$1.58
Cresta North Valley1 bed/1 bath1BR,1BA$1.60
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1.70
Monterey PlaceOne Bedroom1BR,1BA$2.37
Union 505StudioStudio ,1BA$2.47

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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Pet Friendly Lifestyle
Matthew Meadows, Albuquerque, NM

Ranked #178

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Matthew Meadows Neighborhood in Albuquerque, NM

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

15 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Matthew Meadows Apartments

What is a cheap apartment in Matthew Meadows?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Matthew Meadows is under $1,560.

What is the price of a cheap apartment in Matthew Meadows?

The cheapest apartment in Matthew Meadows is Valley Apartments which is listed at $947, while the average apartment in Matthew Meadows costs $2,200.

What types of apartments are the cheapest in Matthew Meadows?

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 10 regular apartments in Matthew Meadows 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 Matthew Meadows?

Cheap apartments in Matthew Meadows have an average cost of $254 which is $1,946 cheaper than the average rent for all rentals in Matthew Meadows.

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.

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.