Cheap Apartments for Rent in the Montgomery Heights Neighborhood of Albuquerque, NM from $700 (49 Rentals)

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

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Comanche Wells
Rent Specials
$774 - $2,849
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$774 - $2,849
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Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
Corporate Housing
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  • Low Income
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Union 505
Rent Specials
$797 - $2,811
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Total Monthly Price

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$797 - $2,811
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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Active Lifestyle
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  • 3D Tour

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 - $1,330
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$952 - $1,330
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1 to 2 Bedroom Apartments Available May 8

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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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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property at 1508 Edith Blvd NE

$1,100 - $1,650

Total Monthly Price

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$1,100 - $1,650
Total Monthly Price
$1,100 - $1,650

Studio To 2 Bedroom Homes for Rent

Available Now

1508 Edith Blvd NE

AlbuquerqueNM87102
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Sun Plaza
Rent Specials
$1,106 - $1,882
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$1,106 - $1,882
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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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Glo Apartments
$1,269 - $1,823
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$1,269 - $1,823
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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
Transit Friendly
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AYA ABQ
Rent Specials
$1,292 - $3,943
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$1,292 - $3,943
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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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Casa Tierra
Rent Specials
$1,292 - $5,555
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$1,292 - $5,555
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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
Corporate Housing
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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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San Mateo Suites
Studio Apartments

San Mateo Suites

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

Lincoln Place

4401 San Pedro Dr NEAlbuquerque, NM 87109
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Los Arcos
1 Bedroom Apartments

Los Arcos

1813 Girard Blvd NEAlbuquerque, NM 87106
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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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Villa Esperanza
1 to 4 Bedroom Apartments

Villa Esperanza

3901 Lafayette DrAlbuquerque, NM 87107
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Theta Apartments
1 to 2 Bedroom Apartments

Theta Apartments

3900 Tulane Dr NEAlbuquerque, NM 87107

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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Netherwood North
2 Bedroom Apartments

Netherwood North

1812 Girard Blvd NEAlbuquerque, NM 87106
Showing Results 1-49, Page 1 of 1

Montgomery Heights, Albuquerque, NM Local Guide

Cheapest Available Montgomery Heights Apartments for Rent

 

The cheapest available apartment rental in the Montgomery Heights area of Albuquerque, NM is a Studio unit found at Comanche Wells priced from $774. Union 505 has the second lowest priced unit, which is a Studio apartment currently listed from $797. Here are the most affordable Montgomery Heights apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Comanche WellsS1Studio,1BA$774
Union 505StudioStudio,1BA$797
Rock CreekStudioStudio,1BA$799
The Villas @ UptownStudio UpgradeStudio,1BA$800
Encanto Lofts ApartmentsAspen - One Bedroom One Bath1BR,1BA$835
Via Apartments1 bedroom 1 bathroom MKT1BR,1BA$850
Montecito0BD, 1BTH Studio,1BA$874
Sunchase ApartmentsJr 1x11BR,1BA$905
Desert Creek ApartmentsThe SonoranStudio,1BA$957
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$964

Best Value Apartments for Rent in Montgomery Heights, NM

As of April 27, 2026 the best value apartment in the Montgomery Heights 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 Montgomery Heights 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 Montgomery Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Theta ApartmentsKaloDuo2BR,2BA$1.20
Villa EsperanzaTwo Bedroom One and a Half Bath2BR,1BA$1.54
Arroyo VistaTwo Bedroom2BR,1BA$1.48
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Via Apartments1 bedroom 1 bathroom Renovated1BR,1BA$1.53
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1C1BR,1BA$1.45
Mont 44 Apartments1 bedroom Renovated MKT1BR,1BA$1.61
North Park ApartmentsBirch1BR,1BA$1.54
Sunchase ApartmentsJr 1x11BR,1BA$1.66

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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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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Best Local Schools in
Montgomery Heights, 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 Montgomery Heights, Albuquerque, and the greater Albuquerque area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, 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 Montgomery Heights Apartments

What is a cheap apartment in Montgomery Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Montgomery Heights is under $964.

What is the price of a cheap apartment in Montgomery Heights?

The cheapest apartment in Montgomery Heights is Encanto Lofts Apartments which is listed at $835, while the average apartment in Montgomery Heights costs $2,400.

What types of apartments are the cheapest in Montgomery Heights?

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 32 regular apartments in Montgomery Heights 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 Montgomery Heights?

Cheap apartments in Montgomery Heights have an average cost of $341 which is $2,059 cheaper than the average rent for all rentals in Montgomery Heights.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.