
Cheap Apartments for Rent in the Sawmill Area Albuquerque, NM from $400 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sawmill Area area of Albuquerque.


Villa De San Felipe

Millennium Flats

513 Candelaria Rd NW

1622 Coal Ave SE

401 14th St NW

Total Monthly Price
Union 505

The Beach

Silver Moon Lodge

Zocalo Lofts
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.

Alvarado Apartments

1624 Coal Ave SE

Imperial

Peaks at Sandia View

820 Apache Ave NW

911 Fruit Ave NW

505 Central Lofts

Mehran Lofts - Gold Avenue Realty, LLC

Total Monthly Price
Nine-O-Nine Apartments

301 Central Ave NE, Unit 117
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.

1508 Edith Blvd NE

Total Monthly Price
Valley Apartments

The Artisan @ Sawmill Village

100 Broadway Blvd NE, Unit 303

1521 Gold Ave SE

300 San Pasquale Ave NW

1409-1409 Hazeldine Ave SE

Calle Cuarta

1420 4th St NW

1405 Gold Ave SE
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.

219 Walter St NE

1516 Tijeras Ave NE

Arcadia Courtyard

Candelaria Gardens

1611 Gold Ave SE

816 Coal Ave SW

El Sol

210 High St NE

Carousel

Villa Nueva Senior Apartments
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University Studio Apartments

545 Cedar St SE

543 Cedar St SE

Sawmill Lofts

Aztec Manor

Downtown @ 700

Regina & Walter/Silver Apartments

Rainbow Apartments

1606-1612 Coal Ave SE

The Crossroads
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Sawmill Area, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Sawmill Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sawmill Area Studio Apartments | $1,073 | $695 | $1,800 |
| Sawmill Area 1 Bedroom Apartments | $1,189 | $725 | $2,195 |
| Sawmill Area 2 Bedroom Apartments | $1,516 | $1,135 | $2,547 |
| Sawmill Area 3 Bedroom Apartments | $1,620 | $1,398 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 2 mile radius of the Sawmill Area Neighborhood of Albuquerque, NM.
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Sawmill Area, Albuquerque, NM Local Guide
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Cheapest Available Sawmill Area Apartments for Rent
 The cheapest available apartment rental in the Sawmill Area area of Albuquerque, NM is a Studio unit found at 210 High St NE priced from $735. Villa De San Felipe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Sawmill Area apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
| Villa De San Felipe | 1x1D | 1BR,1BA | $784 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Union 505 | Studio | Studio,1BA | $838 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $949 |
| Peaks at Sandia View | 1x1R-640 | 1BR,1BA | $999 |
| 505 Central Lofts | Studio | Studio,1BA | $1,000 |
| Mehran Lofts - Gold Avenue Realty, LLC | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Nine-O-Nine Apartments | Studio | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Sawmill Area, NM
As of April 18, 2026 the best value apartment in the Sawmill Area area is the $1.76 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $1,905. The second greatest value Sawmill Area apartment is the KaloDuo Model at Marquee Village Apartments starting at $1,200 with a $1.47 price per square foot in the Southeast Quadrant neighborhood. Here is today’s list of the best values for Sawmill Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.76 |
| Marquee Village Apartments | KaloDuo | 2BR,1BA | $1.47 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) - $200 Special | 2BR,2BA | $1.43 |
| Poblana Place | D 1/1 | 1BR,1BA | $1.80 |
| Cresta North Valley | Renovated | 1BR,1BA | $1.96 |
| Zocalo Lofts | Large One Bedroom | 1BR,1BA | $1.71 |
| Peaks at Sandia View | 1x1-640 | 1BR,1BA | $1.60 |
| Mehran Lofts - Gold Avenue Realty, LLC | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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 ArticleDon'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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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 Sawmill Area, Albuquerque, NM
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Albuquerque, NM. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, apartment complexes for the kids, 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 Sawmill Area Apartments
What is a cheap apartment in Sawmill Area?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sawmill Area is under $1,095.
What is the price of a cheap apartment in Sawmill Area?
The cheapest apartment in Sawmill Area is Villa De San Felipe which is listed at $784, while the average apartment in Sawmill Area costs $1,685.
What types of apartments are the cheapest in Sawmill Area?
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 26 regular apartments in Sawmill Area 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 Sawmill Area?
Cheap apartments in Sawmill Area have an average cost of $422 which is $1,263 cheaper than the average rent for all rentals in Sawmill Area.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.