
Cheap Apartments for Rent in the Midtown Neighborhood of Albuquerque, NM from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown area of Albuquerque.


Rock Creek

Encanto Lofts Apartments

Total Monthly Price
Desert Creek Apartments

4747 Spanish Sun Ave NE

Via Apartments
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.

Sunchase Apartments

Total Monthly Price
Tesota Morningside

Mont 44 Apartments

Arroyo Vista

1/2 OFF FIRST MONTHS RENT

Villas Del Cielo
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.

3617 Wellesley Dr SE

3217 Wellesley Ct NE

Villa Esperanza

3528 Tyson Pl NE

Theta Apartments

Sun Pointe Park Apartments
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.
Midtown, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Midtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown Studio Apartments | $962 | $825 | $1,661 |
| Midtown 1 Bedroom Apartments | $1,054 | $840 | $1,666 |
| Midtown 2 Bedroom Apartments | $1,236 | $936 | $1,625 |
| Midtown 3 Bedroom Apartments | $1,523 | $1,166 | $1,882 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the Midtown Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Midtown, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Midtown Apartments for Rent
 The cheapest available apartment rental in the Midtown area of Albuquerque, NM is a Studio unit found at Comanche Wells priced from $774. Rock Creek has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Midtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Comanche Wells | S1 | Studio,1BA | $774 |
| Rock Creek | Studio | Studio,1BA | $799 |
| Encanto Lofts Apartments | Aspen - One Bedroom One Bath | 1BR,1BA | $835 |
| Via Apartments | 1 bedroom 1 bathroom MKT | 1BR,1BA | $850 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
Best Value Apartments for Rent in Midtown, NM
As of April 27, 2026 the best value apartment in the Midtown area is the $1.20 price per square foot KaloDuo Model at Theta Apartments in the in the Northwest Quadrant neighborhood starting from $1,075. The second greatest value Midtown apartment is the Two Bedroom One and a Half Bath Model at Villa Esperanza starting at $1,234 with a $1.54 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Theta Apartments | KaloDuo | 2BR,2BA | $1.20 |
| Villa Esperanza | Two Bedroom One and a Half Bath | 2BR,1BA | $1.54 |
| Arroyo Vista | Two Bedroom | 2BR,1BA | $1.48 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.41 |
| Via Apartments | 1 bedroom 1 bathroom Renovated | 1BR,1BA | $1.53 |
| Mont 44 Apartments | 1 bedroom Renovated MKT | 1BR,1BA | $1.61 |
| Sun Plaza | Sol GOLD | 1BR,1BA | $1.75 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $1.66 |
| Encanto Lofts Apartments | Juniper - Studio + Den | Studio ,1BA | $2.08 |
| Comanche Wells | S1 | Studio ,1BA | $1.89 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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
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.
Pet Friendly LifestyleMidtown, Albuquerque, NM
Ranked #196
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across New Mexico, including Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Midtown Apartments
What is a cheap apartment in Midtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown is under $1,075.
What is the price of a cheap apartment in Midtown?
The cheapest apartment in Midtown is Encanto Lofts Apartments which is listed at $835, while the average apartment in Midtown costs $1,550.
What types of apartments are the cheapest in Midtown?
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 24 regular apartments in Midtown 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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.