
Cheap Apartments for Rent in the Montgomery Heights Neighborhood of Albuquerque, NM from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Montgomery Heights area of Albuquerque.


Encanto Lofts Apartments

Total Monthly Price
Comanche Wells

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Desert Creek Apartments

Citadel - Free Utilities

Rock Creek

Via Apartments

Total Monthly Price
Union 505
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Cedars - Free Cable & Internet*

San Pedro Village

Villas de la Terraza

Sunchase Apartments

Mont 44 Apartments

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Tesota Morningside

Total Monthly Price
Lifestyles at Renaissance

Montecito
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Arroyo Vista

Total Monthly Price
Peaks at Sandia View

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North Park Apartments

The Lakes

Sunset Pointe

Woodberry Heights

Peaks at Los Ranchos

Silverado
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Total Monthly Price
AYA ABQ

Villas Del Cielo

Oak Tree Park

1/2 OFF FIRST MONTHS RENT

Total Monthly Price
Casa Tierra

Landmark Apartments

3617 Wellesley Dr SE

San Mateo Suites
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4200 Montgomery Blvd NE

Del Lago Apartments

Los Arcos

4601 Carlisle Blvd NE

Theta Apartments

Norte Villas Apartments

Sun Pointe Park Apartments

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

Trailhead at Chamizal - NOW LEASING
Montgomery Heights, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Montgomery Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery Heights Studio Apartments | $1,097 | $700 | $2,166 |
| Montgomery Heights 1 Bedroom Apartments | $1,163 | $814 | $2,485 |
| Montgomery Heights 2 Bedroom Apartments | $1,434 | $950 | $3,909 |
| Montgomery Heights 3 Bedroom Apartments | $1,615 | $1,331 | $1,855 |
| Montgomery Heights 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Montgomery Heights Neighborhood of Albuquerque, NM.
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Montgomery Heights, Albuquerque, NM Local Guide
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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 The Villas @ Uptown priced from $700. Encanto Lofts Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $754. Here are the most affordable Montgomery Heights apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villas @ Uptown | Studio Classic | Studio,1BA | $700 |
| Encanto Lofts Apartments | Juniper - Studio + Den | Studio,1BA | $754 |
| Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $769 |
| Comanche Wells | S1 | Studio,1BA | $776 |
| Rock Creek | Studio | Studio,1BA | $799 |
| Via Apartments | Studio TC | Studio,1BA | $801 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
| Mont 44 Apartments | 1 Bedroom, 1 Bathroom TC | 1BR,1BA | $914 |
| Union 505 | 1 Bedroom | 1BR,1BA | $945 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $971 |
Best Value Apartments for Rent in Montgomery Heights, NM
As of February 25, 2026 the best value apartment in the Montgomery Heights area is the $1.57 price per square foot Three Bedroom Two Bathroom Model at Villas de la Terraza in the in the Baloon Fiesta Park neighborhood starting from $1,800. The second greatest value Montgomery Heights apartment is the KaloDuo Model at Theta Apartments starting at $975 with a $1.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas de la Terraza | Three Bedroom Two Bathroom | 3BR,2BA | $1.57 |
| Theta Apartments | KaloDuo | 2BR,2BA | $1.09 |
| 1/2 OFF FIRST MONTHS RENT | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Villa Esperanza | Two Bedroom One and a Half Bath | 2BR,1BA | $1.54 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.41 |
| Casa Tierra | A1 | 1BR,1BA | $1.54 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $1.34 |
| Sunset Pointe | SM1X1 | 1BR,1BA | $1.38 |
| North Park Apartments | Birch | 1BR,1BA | $1.54 |
| Peaks at Sandia View | 1x1R-640 | 1BR,1BA | $1.56 |
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 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.
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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.
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 $971.
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 $814, 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 30 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 $312 which is $2,088 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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
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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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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.