Cheap Apartments for Rent in the Monterey Manor Neighborhood of Albuquerque, NM from $400 (63 Rentals)

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

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Tesota Four Hills
Rent Specials
$772 - $2,488
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$772 - $2,488
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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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 Midtown
Rent Specials
$931 - $1,642
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$931 - $1,642
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1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
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Arrowhead Pointe
$1,013 - $1,413
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$1,013 - $1,413
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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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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The June
Rent Specials
$1,057 - $1,917
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$1,057 - $1,917
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1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
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MOUNTAIN VISTA
Rent Specials
$1,135 - $1,750
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$1,135 - $1,750
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1 to 3 Bedroom Apartments Available Now

MOUNTAIN VISTA

1501 Tramway Blvd NEAlbuquerque, NM 87112
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The Reserve
Rent Specials
$1,143 - $1,620
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$1,143 - $1,620
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1 to 3 Bedroom Apartments Available Now

The Reserve

1001 Tramway Blvd NEAlbuquerque, NM 87112
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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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Glorieta
2 Bedroom Apartments

Glorieta

115-131 Glorieta St NEAlbuquerque, NM 87123
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11101 Towner Ave NE
1 to 2 Bedroom Apartments

11101 Towner Ave NE

11101 Towner Ave NEAlbuquerque, NM 87112
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628-636 Morris St NE
1 Bedroom Apartments

628-636 Morris St NE

628-636 Morris St NEAlbuquerque, NM 87123
  • Utilities Included

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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Los Altos Lofts
Studio to 1 Bedroom Apartments

Los Altos Lofts

10330 Hotel Ave NEAlbuquerque, NM 87123
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760 Juan Tabo Blvd NE
Studio to 2 Bedroom Apartments

760 Juan Tabo Blvd NE

760 Juan Tabo Blvd NEAlbuquerque, NM 87123
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209 Hanosh Ct SE
1 to 2 Bedroom Apartments

209 Hanosh Ct SE

209 Hanosh Ct SEAlbuquerque, NM 87123
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Grandview Apartments
1 to 2 Bedroom Apartments

Grandview Apartments

1100 Chelwood Park Blvd NEAlbuquerque, NM 87112
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134-136 Altez St NE
2 Bedroom Apartments

134-136 Altez St NE

134-136 Altez St NEAlbuquerque, NM 87123
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Whispering Sands
1 to 2 Bedroom Apartments

Whispering Sands

12720 Central Ave SEAlbuquerque, NM 87123
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Studios on Route 66
Studio to 1 Bedroom Apartments

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
  • Utilities Included

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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Monterey Manor, Albuquerque, NM Local Guide

Cheapest Available Monterey Manor Apartments for Rent

 

The cheapest available apartment rental in the Monterey Manor area of Albuquerque, NM is a 1 Bed unit found at Cloudview Terrace priced from $795. Lexington Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Monterey Manor apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Cloudview Terrace1bd/1bath1BR,1BA$795
Lexington Place ApartmentsStudioStudio,1BA$840
Tesota Four HillsB1R2BR,1BA$862
The Twelve 6012BR/1.0BA2BR,1BA$875
Whispering SandsOne Bedroom One Bath1BR,1BA$875
Rio Vista Senior ApartmentsIncome-Restricted One Bedroom Senior Apartment ...1BR,1BA$890
Los Altos TowersStudioStudio,1BA$919
The Retreat at CandelariaArtesia1BR,1BA$928
Tesota MidtownA1A1BR,1BA$931
Monterey Manor ApartmentsKaloSolo-Premium1BR,1BA$950

Best Value Apartments for Rent in Monterey Manor, NM

As of April 22, 2026 the best value apartment in the Monterey Manor area is the $1.26 price per square foot 3 Bedroom 2 Bathroom Model at The Ridge in the in the South Los Altos neighborhood starting from $1,415. The second greatest value Monterey Manor apartment is the 12229 Menaul Blvd NE Model at 12229 Menaul Blvd NE, Unit B starting at $1,400 with a $1.39 price per square foot in the Northeast Quadrant neighborhood. Here is today’s list of the best values for Monterey Manor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.26
12229 Menaul Blvd NE, Unit B12229 Menaul Blvd NE2BR,1BA$1.39
Tesota Four HillsC1R3BR,2BA$1.18
The Heights at TramwayTwo Bedroom One Bath2BR,1BA$1.34
2504 Chelwood Park Blvd NE, Unit Apartment A2504 Chelwood Park Blvd NE2BR,1BA$1.37
Arlo ApartmentsB12BR,1BA$1.45
The Twelve 6012BR/1.0BA2BR,1BA$1.09
405 Dorado Ct SE, Unit D405 Dorado Ct SE2BR,1BA$1.31
Monterey Manor ApartmentsKaloSolo-Premium1BR,1BA$1.36
Whispering SandsOne Bedroom One Bath1BR,1BA$1.35

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.

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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.

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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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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Best Local Schools in
Monterey Manor, Albuquerque, NM

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Albuquerque. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Monterey Manor Apartments

What is the Cheapest Studio apartment in Monterey Manor?

Currently the most affordable Cheap Studio Apartment in Monterey Manor is at Lexington Place Apartments listed at $840.

How much is rent for a Cheap One Bedroom Monterey Manor Apartment?

The lowest price for a Cheap One Bedroom Monterey Manor Apartment is $795 at Cloudview Terrace.

What is the lowest price for a Cheap Two Bedroom Monterey Manor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monterey Manor is starting from $862 at Tesota Four Hills.

What is the most affordable Monterey Manor Three Bedroom Apartment?

The best deal on a cheap Monterey Manor Three Bedroom Apartment rental is at Tesota Four Hills and starts from $982.

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

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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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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.

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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.

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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.