
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.


Union 505

The Beach

Volcanes Commons
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Villa Hermosa

560 Estancia Dr NW

Tierra Pointe

Mesa Ridge Apartments

Alvarado Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi
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 | $1,213 | $829 | $2,398 |
Thomas Village 1 Bedroom Apartments | $1,459 | $902 | $2,354 |
Thomas Village 2 Bedroom Apartments | $1,706 | $697 | $3,500 |
Thomas Village 3 Bedroom Apartments | $2,062 | $799 | $5,825 |
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.
See all Apartments in AlbuquerqueExplore Albuquerque
Thomas Village, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Union 505 priced from $829. 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 |
---|---|---|---|
Union 505 | Studio | Studio,1BA | $829 |
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
Villa Hermosa | The Aztec | 1BR,1BA | $969 |
Tierra Pointe | B1 | 2BR,1BA | $1,002 |
The Artisan @ Sawmill Village | Retail Space | Studio, | $1,120 |
Best Value Apartments for Rent in Thomas Village, NM
As of June 12, 2025 the best value apartment in the Thomas Village area is the $1.83 price per square foot P 2/2 Model at Poblana Place in the in the Northwest Quadrant neighborhood starting from $1,795. The second greatest value Thomas Village apartment is the Grand Platinum Model at Valley Apartments starting at $1,469 with a $1.55 price per square foot in the North Valley 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. |
---|---|---|---|
Poblana Place | P 2/2 | 2BR,2BA | $1.83 |
Valley Apartments | Grand Platinum | 3BR,2BA | $1.55 |
Stride West | a10ar - Renovated | 1BR,1BA | $1.77 |
Las Mananitas Apartments | Lennox | 1BR,1BA | $1.72 |
Cresta North Valley | 1 bed/1 bath | 1BR,1BA | $1.60 |
Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
Aydan | Pinon Renovated | 1BR,1BA | $1.78 |
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
Alvarado Apartments | A1 | 1BR,1BA | $2.36 |
Quick 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 #141
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 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 $1,265.
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 $2,000.
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 16 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 $348 which is $1,652 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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.