
Cheap Apartments for Rent in the Thomas Village Neighborhood of Albuquerque, NM from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thomas Village area of Albuquerque.


The Beach

Volcanes Commons

Total Monthly Price
Tierra Pointe

Villa Hermosa
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
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Total Monthly Price
Mesa Ridge Apartments

Total Monthly Price
Stride West

Tucson Apartments

Candelaria Gardens

Carousel
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Villa Nueva Senior Apartments

Sawmill Lofts

5315 Yucca Cir NE

Marbella-Income Restricted Waitlist

The Franz
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Old Town Casitas
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 | $991 | $760 | $1,500 |
| Thomas Village 1 Bedroom Apartments | $1,336 | $902 | $2,125 |
| Thomas Village 2 Bedroom Apartments | $1,453 | $1,073 | $3,995 |
| Thomas Village 3 Bedroom Apartments | $1,910 | $1,232 | $2,260 |
Browse Apartments in this Neighborhood
There are currently 16 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 Carousel priced from $740. 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 |
|---|---|---|---|
| Carousel | 0 Bedroom 1 Bath - 38720 | Studio,1BA | $740 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Tierra Pointe | S1 | Studio,1BA | $913 |
| Villa Hermosa | The Aztec | 1BR,1BA | $969 |
| Mesa Ridge Apartments | The Rose | 1BR,1BA | $999 |
Best Value Apartments for Rent in Thomas Village, NM
As of February 24, 2026 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 Antequera Model at Andalucia Villas starting at $1,790 with a $1.98 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 |
| Andalucia Villas | Antequera | 1BR,1BA | $1.98 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.51 |
| Valley Apartments | River Platinum | 2BR,1BA | $1.72 |
| Mesa Ridge Apartments | The Rose | 1BR,1BA | $1.38 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| Anthea | 1 Bedroom 1 Bath - 38725 | 1BR,1BA | $1.67 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
| Carousel | 0 Bedroom 1 Bath - 38721 | Studio ,1BA | $1.50 |
| Tierra Pointe | S1 | Studio ,1BA | $2.16 |
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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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 a cheap apartment in Thomas Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thomas Village is under $1,450.
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 $2,085.
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 $315 which is $1,770 cheaper than the average rent for all rentals in Thomas Village.
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.

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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
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.