Cheap Apartments for Rent in the Montgomery Heights Neighborhood of Albuquerque, NM from $700 (54 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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Desert Creek Apartments
Rent Specials
$725 - $2,340
Total Monthly Price

Total Monthly Price

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$725 - $2,340
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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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Union 505
Rent Specials
$756 - $2,747
Total Monthly Price

Total Monthly Price

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$756 - $2,747
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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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Comanche Wells
Rent Specials
$791 - $2,849
Total Monthly Price

Total Monthly Price

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$791 - $2,849
Total Monthly Price
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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
$1,094 - $4,550
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$1,094 - $4,550
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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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Glo Apartments
$1,177 - $1,941
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$1,177 - $1,941
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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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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 - $5,670
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$1,214 - $5,670
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1 to 3 Bedroom Apartments Available Now

Casa Tierra

4949 San Pedro Dr NEAlbuquerque, NM 87109
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Sun Plaza
Rent Specials
$1,237 - $1,870
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$1,237 - $1,870
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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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property at 1506 Edith Blvd NE

$1,360

Total Monthly Price

Total Monthly Price

Base Rent
$1,360
Total Monthly Price
$1,360

2 Bedroom, 1 Bath Home for Rent

Available Now

1506 Edith Blvd NE

AlbuquerqueNM87102
property at 5800 2nd St NW

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

5800 2nd St NW

AlbuquerqueNM87107
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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

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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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
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Villas Del Cielo
1 to 2 Bedroom Apartments

Villas Del Cielo

3131 Adams St NEAlbuquerque, NM 87110
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Cloverleaf Apartments
Studio to 2 Bedroom Apartments

Cloverleaf Apartments

4300 Bryn Mawr Dr NEAlbuquerque, 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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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 Desert Creek Apartments priced from $725. Encanto Lofts Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $755. Here are the most affordable Montgomery Heights apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$725
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$755
Union 505StudioStudio,1BA$756
Comanche WellsS1Studio,1BA$790
The Villas @ UptownStudio UpgradeStudio,1BA$800
San Pedro VillageAcoma StudioStudio,1BA$855
Via Apartments1 bedroom 1 bathroom TC1BR,1BA$864
Sunchase ApartmentsJr 1x11BR,1BA$905
Montecito1BD, 1BTH A1BR,1BA$916
Rock CreekOne Bedroom1BR,1BA$955

Best Value Apartments for Rent in Montgomery Heights, NM

As of June 11, 2026 the best value apartment in the Montgomery Heights area is the $1.02 price per square foot 3 bedroom 2 bathroom TC Model at Via Apartments in the in the North Valley neighborhood starting from $1,331. The second greatest value Montgomery Heights apartment is the 2x1 Model at Woodberry Heights starting at $1,240 with a $1.35 price per square foot in the Baloon Fiesta Park 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.
Via Apartments3 bedroom 2 bathroom TC3BR,2BA$1.02
Woodberry Heights2x12BR,1BA$1.35
Theta ApartmentsKaloDuo2BR,2BA$1.20
Sandia Shadows2 Beds, 2 Baths2BR,2BA$1.37
Cloverleaf Apartments1BR/1.0BA1BR,1BA$1.42
Villa EsperanzaTwo Bedroom One and a Half Bath2BR,1BA$1.54
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Sunset PointeSM1X11BR,1BA$1.45
The LakesOne Bedroom Medium1BR,1BA$1.52
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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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 $955.

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 $799, while the average apartment in Montgomery Heights costs $1,567.

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 20 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 $374 which is $1,193 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.

Helpful Local Expert Guides

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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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The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

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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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

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I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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

Written by: Christine Leonard, Esq.

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.