Cheap Apartments for Rent in the Montgomery Plaza Neighborhood of Albuquerque, NM from $600 (24 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Montgomery Plaza, Albuquerque, NM Local Guide

Cheapest Available Montgomery Plaza Apartments for Rent

 

The cheapest available apartment rental in the Montgomery Plaza area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $615. Encanto Lofts Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Montgomery Plaza apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$615
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$750
Candlelight SquareDesert Willow1BR,1BA$844
Rock CreekStudioStudio,1BA$855
Tesota MorningsideA1A1BR,1BA$915

Best Value Apartments for Rent in Montgomery Plaza, NM

As of June 02, 2025 the best value apartment in the Montgomery Plaza area is the $1.37 price per square foot C1 Model at Casa Tierra in the in the La Cienega del Norte neighborhood starting from $1,578. The second greatest value Montgomery Plaza apartment is the Four Bedroom Two Bath Model at Villa Esperanza starting at $1,586 with a $1.41 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Montgomery Plaza apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Casa TierraC13BR,1BA$1.37
Villa EsperanzaFour Bedroom Two Bath4BR,1BA$1.41
Via Apartments2 bedroom 1 bathroom Renovated2BR,1BA$1.33
Sun Pointe Park Apartments3 Bedroom 2 Bath3BR,2BA$1.28
Candlelight SquareCliffrose2BR,1BA$1.38
Arroyo VistaTwo Bedroom, Two Bath (A)2BR,2BA$1.48
Villas Del Cielo1 Bedroom1BR,1BA$1.45
MiloMadrid Platinum1BR,1BA$1.44
Comanche WellsB12BR,1BA$1.32
Mont 44 Apartments1 bedroom, 1 bathroom Market1BR,1BA$1.41

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Montgomery Plaza, Albuquerque, NM

Ranked #55

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Montgomery Plaza, 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 Albuquerque. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Montgomery Plaza Neighborhood in Albuquerque, NM

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Montgomery Plaza Apartments

What is a cheap apartment in Montgomery Plaza?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Montgomery Plaza is under $958.

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

The cheapest apartment in Montgomery Plaza is Encanto Lofts Apartments which is listed at $774, while the average apartment in Montgomery Plaza costs $2,350.

What types of apartments are the cheapest in Montgomery Plaza?

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 39 regular apartments in Montgomery Plaza 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 Plaza?

Cheap apartments in Montgomery Plaza have an average cost of $354 which is $1,996 cheaper than the average rent for all rentals in Montgomery Plaza.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.