
Cheap Apartments for Rent in the Montgomery Plaza Neighborhood of Albuquerque, NM from $700 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Montgomery Plaza area of Albuquerque.


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Desert Creek Apartments

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Comanche Wells

Rock Creek

Via Apartments

San Pedro Village

Candlelight Square

Villas de la Terraza
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Canyon Crest

Sunchase Apartments

Mont 44 Apartments

7510 Pennsylvania Ln NE

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Tesota Morningside

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Lifestyles at Renaissance

Arroyo Vista

Montecito
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Total Monthly Price
North Park Apartments

The Lakes

Woodberry Heights

Sunset Pointe

Villas Del Cielo

Silverado

Oak Tree Park

Telegraph Hill
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3617 Wellesley Dr SE

San Mateo Suites

4200 Montgomery Blvd NE

4601 Carlisle Blvd NE

Theta Apartments

Norte Villas Apartments

Sun Pointe Park Apartments

Villa Esperanza
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Chelsea Village Apartments
Montgomery Plaza, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Montgomery Plaza?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montgomery Plaza Studio Apartments | $938 | $754 | $1,661 |
| Montgomery Plaza 1 Bedroom Apartments | $1,120 | $799 | $1,795 |
| Montgomery Plaza 2 Bedroom Apartments | $1,372 | $950 | $2,220 |
| Montgomery Plaza 3 Bedroom Apartments | $1,590 | $1,331 | $2,183 |
| Montgomery Plaza 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Montgomery Plaza Neighborhood of Albuquerque, NM.
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Montgomery Plaza, Albuquerque, NM Local Guide
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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 Encanto Lofts Apartments priced from $754. Desert Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $766. Here are the most affordable Montgomery Plaza apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Encanto Lofts Apartments | Juniper - Studio + Den | Studio,1BA | $754 |
| Desert Creek Apartments | SRO-Sleeping room only | Studio,1BA | $766 |
| Comanche Wells | S1 | Studio,1BA | $767 |
| Rock Creek | Studio | Studio,1BA | $799 |
| Via Apartments | Studio TC | Studio,1BA | $801 |
| Candlelight Square | Silver Sage | 1BR,1BA | $899 |
| Canyon Crest | 0 Bedroom 1 Bathroom | Studio,1BA | $905 |
| Sunchase Apartments | Jr 1x1 | 1BR,1BA | $905 |
| Mont 44 Apartments | 1 Bedroom, 1 Bathroom TC | 1BR,1BA | $914 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $971 |
Best Value Apartments for Rent in Montgomery Plaza, NM
As of February 18, 2026 the best value apartment in the Montgomery Plaza area is the $1.09 price per square foot KaloDuo Model at Theta Apartments in the in the Northwest Quadrant neighborhood starting from $975. The second greatest value Montgomery Plaza apartment is the 1BR/1.0BA Model at 1/2 OFF FIRST MONTHS RENT starting at $1,150 with a $1.34 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Theta Apartments | KaloDuo | 2BR,2BA | $1.09 |
| 1/2 OFF FIRST MONTHS RENT | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Uptown Square | 1x1_824 | 1BR,1BA | $1.52 |
| Villa Esperanza | Two Bedroom One and a Half Bath | 2BR,1BA | $1.54 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.36 |
| Milo | Madrid Platinum | 1BR,1BA | $1.56 |
| Casa Tierra | A1 | 1BR,1BA | $1.56 |
| Arroyo Vista | One Bedroom | 1BR,1BA | $1.34 |
| Sunset Pointe | SM1X1 | 1BR,1BA | $1.45 |
| North Park Apartments | Birch | 1BR,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.
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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 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!
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 $971.
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 $799, while the average apartment in Montgomery Plaza costs $2,400.
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 60 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 $369 which is $2,031 cheaper than the average rent for all rentals in Montgomery Plaza.
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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Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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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
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