Cheap Apartments for Rent in the McKinley Neighborhood of Albuquerque, NM from $700 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the McKinley 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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Nova Peak
Studio to 1 Bedroom Apartments

Nova Peak

1200 Louisiana Blvd NEAlbuquerque, NM 87110
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Nova Ridge
Studio to 2 Bedroom Apartments

Nova Ridge

1311 Louisiana Blvd NEAlbuquerque, NM 87110

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.

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
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Del Lago Apartments
1 Bedroom Apartments

Del Lago Apartments

1505 Girard Blvd NEAlbuquerque, NM 87106
Student Housing
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Los Arcos
1 Bedroom Apartments

Los Arcos

1813 Girard Blvd NEAlbuquerque, NM 87106
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Theta Apartments
1 to 2 Bedroom Apartments

Theta Apartments

3900 Tulane Dr NEAlbuquerque, NM 87107

Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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Villa Esperanza
1 to 4 Bedroom Apartments

Villa Esperanza

3901 Lafayette DrAlbuquerque, NM 87107
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Aspen Plaza
1 to 2 Bedroom Apartments

Aspen Plaza

3700 Aspen Ave NEAlbuquerque, NM 87110
Showing Results 1-44, Page 1 of 1

McKinley, Albuquerque, NM Local Guide

Cheapest Available McKinley Apartments for Rent

 

The cheapest available apartment rental in the McKinley area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $520. Nova Peak has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable McKinley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$520
Nova Peak0BR/1.0BAStudio,1BA$700
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$705
Pinewood EstatesStudioStudio,1BA$800
The Villas @ UptownStudio ClassicStudio,1BA$800
Via ApartmentsStudio TCStudio,1BA$801
Rock CreekStudioStudio,1BA$855
Sunchase ApartmentsJr 1x11BR,1BA$905
Canyon Crest0 Bedroom 1 BathroomStudio,1BA$905
Chelsea Village ApartmentsKaloSolo1BR,1BA$910

Best Value Apartments for Rent in McKinley, NM

As of February 02, 2026 the best value apartment in the McKinley area is the $1.31 price per square foot Jemez Platinum Model at Milo in the in the Northeast Quadrant neighborhood starting from $1,245. The second greatest value McKinley apartment is the KaloDuo-Premium Model at Theta Apartments starting at $1,050 with a $1.17 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for McKinley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MiloJemez Platinum2BR,1BA$1.31
Theta ApartmentsKaloDuo-Premium2BR,2BA$1.17
1/2 OFF FIRST MONTHS RENT1BR/1.0BA1BR,1BA$1.25
Uptown Square1x1_8241BR,1BA$1.52
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Arroyo VistaOne Bedroom1BR,1BA$1.34
Sunset PointeSM1X11BR,1BA$1.45
North Park ApartmentsBirch1BR,1BA$1.54
Peaks at Sandia View1x1R-6401BR,1BA$1.56
Chelsea Village ApartmentsKaloSolo-Premium1BR,1BA$1.53

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 Article
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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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The 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.

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Cash 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.

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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
Mckinley, Albuquerque, NM

Ranked #35

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Mckinley, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including McKinley, Albuquerque, and the greater Albuquerque area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap McKinley Apartments

What is a cheap apartment in McKinley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in McKinley is under $910.

What is the price of a cheap apartment in McKinley?

The cheapest apartment in McKinley is Nova Peak which is listed at $800, while the average apartment in McKinley costs $2,400.

What types of apartments are the cheapest in McKinley?

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 66 regular apartments in McKinley 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 McKinley?

Cheap apartments in McKinley have an average cost of $274 which is $2,126 cheaper than the average rent for all rentals in McKinley.

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

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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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.

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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.

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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.