Cheap Apartments for Rent in the Prospectors Ridge Neighborhood of Albuquerque, NM from $700 (27 Rentals)

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

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Copper Hills
Rent Specials
$899 - $1,131
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$899 - $1,131

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1 to 2 Bedroom Apartments Available Now

Copper Hills

4200 Spanish Bit NEAlbuquerque, NM 87111
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  • Low Income

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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Canoan Village
$1,017 - $1,757
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$1,017 - $1,757

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Studio to 2 Bedroom Apartments Available Now

Canoan Village

5300 Eubank Blvd NEAlbuquerque, NM 87111
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  • 3D Tour

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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Quincy
Rent Specials
$1,153 - $1,855
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$1,153 - $1,855

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1 to 3 Bedroom Apartments Available Now

Quincy

5905 Tierra Antigua St NEAlbuquerque, NM 87111
Eco-Friendly
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CIBOLA VILLAGE
$1,215 - $1,534
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$1,215 - $1,534

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1 to 2 Bedroom Apartments Available Now

CIBOLA VILLAGE

12400 Montgomery Blvd NEAlbuquerque, NM 87111
Corporate Housing
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Sierra Meadows
Rent Specials
$1,215 - $2,136
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$1,215 - $2,136

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1 to 3 Bedroom Apartments Available Now

Sierra Meadows

4224-4246 Eubank BlvdAlbuquerque, NM 87111
Pet Friendly
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  • 3D Tour

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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Spring Park
Rent Specials
$1,231 - $1,760
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$1,231 - $1,760

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1 to 2 Bedroom Apartments Available Now

Spring Park

5801 Eubank Blvd NEAlbuquerque, NM 87111
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Treehouse Apartments
Studio to 2 Bedroom Apartments

Treehouse Apartments

4610 Eubank Blvd NEAlbuquerque, NM 87111
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Mountain Run Apartments
1 to 2 Bedroom Apartments

Mountain Run Apartments

5800 Eubank Blvd NEAlbuquerque, NM 87111
Corporate Housing

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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Montgomery Manor
2 to 4 Bedroom Apartments

Montgomery Manor

4301 Morris St NEAlbuquerque, NM 87111
  • Utilities Included
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2813 Nakomis Dr NE
2 Bedroom Apartments

2813 Nakomis Dr NE

2813 Nakomis Dr NEAlbuquerque, NM 87112
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Sungate
1 to 3 Bedroom Apartments

Sungate

10800 Comanche Rd NEAlbuquerque, NM 87111

Prospectors Ridge, Albuquerque, NM Local Guide

Cheapest Available Prospectors Ridge Apartments for Rent

 

The cheapest available apartment rental in the Prospectors Ridge area of Albuquerque, NM is a Studio unit found at Lexington Place Apartments priced from $840. Casa Del Arroyo Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Prospectors Ridge apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Lexington Place ApartmentsStudioStudio,1BA$840
Casa Del Arroyo Apartments1bd/1ba1BR,1BA$850
Dorado HeightsAStudio,1BA$899
Sedona RidgeZuni1BR,1BA$899
Pine Lane ApartmentsKaloSolo1BR,1BA$925
The Retreat at CandelariaArtesia1BR,1BA$928
Treehouse ApartmentsWillowStudio,1BA$954
Copper Hills2x12BR,1BA$999
Wyoming Place Apartments1 Bed A1BR,1BA$999
Acacia GardensTaos Deluxe 11BR,1BA$1,005

Best Value Apartments for Rent in Prospectors Ridge, NM

As of May 07, 2026 the best value apartment in the Prospectors Ridge area is the $1.59 price per square foot 2X2-1135-Upgraded Model at Broadstone Heights in the in the Academy Hills neighborhood starting from $1,799. The second greatest value Prospectors Ridge apartment is the Two Bedroom - Fully Remodeled Model at Pinon Terrace starting at $1,245 with a $1.13 price per square foot in the Northeast Quadrant neighborhood. Here is today’s list of the best values for Prospectors Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadstone Heights2X2-1135-Upgraded2BR,2BA$1.59
Pinon TerraceTwo Bedroom - Fully Remodeled2BR,1BA$1.13
Las KivasAbo2BR,1BA$1.35
Copper Hills2x22BR,2BA$1.13
Tesoro on SpainC12BR,2BA$1.45
The Heights at TramwayTwo Bedroom One Bath2BR,1BA$1.34
Wyoming Place Apartments1 Bed B1BR,1BA$1.43
Pine Lane ApartmentsKaloSolo-Premium1BR,1BA$1.65
The Retreat at CandelariaArtesia1BR,1BA$1.47
Casa Del Arroyo Apartments1bd/1ba1BR,1BA$1.36

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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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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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.

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Pet Friendly Lifestyle
Prospectors Ridge, Albuquerque, NM

Ranked #61

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Prospectors Ridge Apartments

What is the Cheapest Studio apartment in Prospectors Ridge?

Currently the most affordable Cheap Studio Apartment in Prospectors Ridge is at Lexington Place Apartments listed at $840.

How much is rent for a Cheap One Bedroom Prospectors Ridge Apartment?

The lowest price for a Cheap One Bedroom Prospectors Ridge Apartment is $850 at Casa Del Arroyo Apartments.

What is the lowest price for a Cheap Two Bedroom Prospectors Ridge Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospectors Ridge is starting from $945 at Casa Del Arroyo Apartments.

What is the most affordable Prospectors Ridge Three Bedroom Apartment?

The best deal on a cheap Prospectors Ridge Three Bedroom Apartment rental is at Broadstone Heights and starts from $1,955.

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

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.