Cheap Apartments for Rent in the Montgomery Plaza Neighborhood of Albuquerque, NM from $500 (20 Rentals)

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

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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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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 $558. Encanto Lofts Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $709. 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$558
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$709
Rock CreekStudioStudio,1BA$845
Comanche WellsS1Studio,1BA$856
Candlelight SquareSilver Sage1BR,1BA$899

Best Value Apartments for Rent in Montgomery Plaza, NM

As of November 12, 2025 the best value apartment in the Montgomery Plaza area is the $1.23 price per square foot 2 bedroom 2 bathroom MKT Model at Via Apartments in the in the North Valley neighborhood starting from $1,350. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Via Apartments2 bedroom 2 bathroom MKT2BR,2BA$1.23
1/2 OFF FIRST MONTHS RENT1BR/1.0BA1BR,1BA$1.34
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Canyon Crest1 Bedroom 1 Bathroom1BR,1BA$1.18
MiloMadrid Platinum1BR,1BA$1.34
Casa TierraA11BR,1BA$1.56
Arroyo VistaOne Bedroom1BR,1BA$1.34
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1B1BR,1BA$1.47
North Park ApartmentsBirch1BR,1BA$1.54

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Montgomery Plaza, Albuquerque, NM

Ranked #67

Among cities in New Mexico 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 $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 $890, while the average apartment in Montgomery Plaza costs $1,500.

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 21 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 $300 which is $1,200 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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.