
Cheap Apartments for Rent in the Thomas Village Neighborhood of Albuquerque, NM from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thomas Village area of Albuquerque.


Valley Apartments

The Beach

Volcanes Commons

Villa Hermosa

Mesa Ridge Apartments
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.

Marbella-Income Restricted Waitlist
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Thomas Village, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Thomas Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thomas Village Studio Apartments | $981 | $785 | $1,500 |
| Thomas Village 1 Bedroom Apartments | $1,388 | $902 | $2,125 |
| Thomas Village 2 Bedroom Apartments | $1,603 | $1,005 | $3,799 |
| Thomas Village 3 Bedroom Apartments | $2,042 | $1,232 | $5,289 |
| Thomas Village 4 Bedroom Apartments | $2,186 | $2,178 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Thomas Village Neighborhood of Albuquerque, NM.
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Thomas Village, Albuquerque, NM Local Guide
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Cheapest Available Thomas Village Apartments for Rent
 The cheapest available apartment rental in the Thomas Village area of Albuquerque, NM is a Studio unit found at Tierra Pointe priced from $739. Volcanes Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $902. Here are the most affordable Thomas Village apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $739 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $919 |
| Villa Hermosa | The Aztec | 1BR,1BA | $969 |
| Mesa Ridge Apartments | The Iris | 1BR,1BA | $999 |
Best Value Apartments for Rent in Thomas Village, NM
As of November 12, 2025 the best value apartment in the Thomas Village area is the $1.92 price per square foot 2BR/2.0BA Model at Villas @ Rio in the in the Northwest Quadrant neighborhood starting from $2,075. The second greatest value Thomas Village apartment is the Type C Model at Griegos Farms starting at $2,450 with a $2.29 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Thomas Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.92 |
| Griegos Farms | Type C | 2BR,2BA | $2.29 |
| Huning Castle Apartments | Lancaster | 2BR,2BA | $2.10 |
| Phoenix Apartments: Rises Above the Rest! | 3 bedroom 2 bath | 3BR,2BA | $2.07 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.62 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.52 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
| Mesa Ridge Apartments | The Iris | 1BR,1BA | $1.74 |
| Tierra Pointe | A1 | 1BR,1BA | $2.08 |
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.
Read ArticleApartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
Pet Friendly LifestyleThomas Village, Albuquerque, NM
Ranked #197
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Thomas Village, Albuquerque, NM
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Thomas Village, Albuquerque, and the greater Albuquerque area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, features that make it easier to raise kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Thomas Village Apartments
What is the price of a cheap apartment in Thomas Village?
The cheapest apartment in Thomas Village is Volcanes Commons which is listed at $902, while the average apartment in Thomas Village costs $2,186.
What types of apartments are the cheapest in Thomas Village?
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 36 regular apartments in Thomas Village 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 Thomas Village?
Cheap apartments in Thomas Village have an average cost of $323 which is $1,863 cheaper than the average rent for all rentals in Thomas Village.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.






