Cheap Apartments for Rent in the McKinley Neighborhood of Albuquerque, NM from $700 (61 Rentals)

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

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Desert Creek Apartments
Rent Specials
$725 - $2,372
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$725 - $2,372
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Studio to 3 Bedroom Apartments Available Now

Desert Creek Apartments

4300 Pan American Fwy NEAlbuquerque, NM 87107
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Comanche Wells
Rent Specials
$828 - $2,849
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$828 - $2,849
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Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Tesota Morningside
Rent Specials
$952 - $1,365
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$952 - $1,365
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1 to 2 Bedroom Apartments Available Jun 26

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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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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AYA ABQ
Rent Specials
$1,050 - $4,133
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$1,050 - $4,133
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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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Sun Plaza
Rent Specials
$1,134 - $3,504
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$1,134 - $3,504
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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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Milo
Rent Specials
$1,157 - $1,403
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$1,157 - $1,403
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1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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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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Casa Tierra
Rent Specials
$1,214 - $4,493
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$1,214 - $4,493
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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
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Glo Apartments
$1,282 - $1,985
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$1,282 - $1,985
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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
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Uptown Square
Rent Specials
$1,386 - $1,686
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$1,386 - $1,686
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Studio to 2 Bedroom Apartments Available Now

Uptown Square

7000 Phoenix Ave NEAlbuquerque, NM 87110
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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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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
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Lincoln Place
Studio to 2 Bedroom Apartments

Lincoln Place

4401 San Pedro Dr 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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Villa Esperanza
1 to 4 Bedroom Apartments

Villa Esperanza

3901 Lafayette DrAlbuquerque, NM 87107

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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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 $725. Nova Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable McKinley apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$725
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsJuniper - Studio + DenStudio,1BA$789
Rock CreekStudioStudio,1BA$799
The Villas at UptownStudio UpgradeStudio,1BA$800
Nova Peak Gated Community1BR/1.0BA1BR,1BA$850
Via Apartments1 bedroom 1 bathroom TC1BR,1BA$864
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$872
Nova View0BR/1.0BAStudio,1BA$900
Sunchase ApartmentsJr 1x11BR,1BA$905

Best Value Apartments for Rent in McKinley, NM

As of June 22, 2026 the best value apartment in the McKinley area is the $1.33 price per square foot 2 bedroom 1 bathroom Renovated Model at Via Apartments in the in the North Valley neighborhood starting from $1,325. The second greatest value McKinley apartment is the Ele Model at Large Quiet Two Bedroom starting at $1,350 with a $1.45 price per square foot in the Netherwood Park 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.
Via Apartments2 bedroom 1 bathroom Renovated2BR,1BA$1.33
Large Quiet Two BedroomEle2BR,2BA$1.45
Uptown Square1x1_9051BR,1BA$1.53
Theta ApartmentsKaloDuo-Premium2BR,2BA$1.28
Sandia Shadows2 Beds, 2 Baths2BR,2BA$1.37
1/2 OFF FIRST MONTHS RENT1BR/1.0BA1BR,1BA$1.42
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1C1BR,1BA$1.47
North Park ApartmentsBirch1BR,1BA$1.54

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Mckinley, Albuquerque, NM

Ranked #32

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 $905.

What is the price of a cheap apartment in McKinley?

The cheapest apartment in McKinley is Encanto Lofts Apartments which is listed at $835, while the average apartment in McKinley costs $1,512.

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 38 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 $444 which is $1,068 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.

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Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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