Cheap Apartments for Rent in the Wells Park Neighborhood of Albuquerque, NM from $400 (87 Rentals)

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

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Union 505
Rent Specials
$784 - $2,756
Total Monthly Price

Total Monthly Price

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$784 - $2,756

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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Active Lifestyle
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property at 401 14th St NW

$760 - $825

Studio Rentals

Available Now

401 14th St NW

AlbuquerqueNM87104

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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Nine-O-Nine Apartments
$1,095 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,395

Total Monthly Price
$1,095 - $1,395
Studio to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
Transit Friendly
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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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Valley Apartments
Rent Specials
$1,100 - $1,685
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$1,100 - $1,685

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
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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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Siegel Select ABQ I
Rent Specials
$1,363 - $1,661
Total Monthly Price

Total Monthly Price

Base Rent
$1,363 - $1,661

Total Monthly Price
$1,363 - $1,661
Studio Apartments Available Now

Siegel Select ABQ I

2500 University Blvd NEAlbuquerque, NM 87107
Furnished
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Calle Cuarta
Studio to 3 Bedroom Apartments

Calle Cuarta

3525 4th St NWAlbuquerque, NM 87107
  • Utilities Included
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1420 4th St NW
1 to 2 Bedroom Apartments

1420 4th St NW

1420-1422 4th St NWAlbuquerque, NM 87102
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Columbian Apartments
1 to 2 Bedroom Apartments

Columbian Apartments

208 Columbia Dr SEAlbuquerque, NM 87106
  • Utilities Included

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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1405 Gold Ave SE
1 to 2 Bedroom Apartments

1405 Gold Ave SE

1405 Gold Ave SEAlbuquerque, NM 87106
  • Utilities Included
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219 Walter St NE
1 Bedroom Apartments

219 Walter St NE

219-223 Walter St SEAlbuquerque, NM 87102
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Kachina Apartments
1 to 2 Bedroom Apartments

Kachina Apartments

301 Harvard Dr SEAlbuquerque, NM 87106
  • Utilities Included
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1516 Tijeras Ave NE
1 Bedroom Apartments

1516 Tijeras Ave NE

1516-1522 Tijeras Ave NEAlbuquerque, NM 87106
  • Utilities Included
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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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Columbia Apartments
1 to 2 Bedroom Apartments

Columbia Apartments

205-209 Columbia Dr SEAlbuquerque, NM 87106
  • Utilities Included
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
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1801 Coal Pl SE
1 Bedroom Apartments

1801 Coal Pl SE

1801 Coal Pl SEAlbuquerque, NM 87106
  • Utilities Included
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1611 Gold Ave SE
Studio Apartments

1611 Gold Ave SE

1611 Gold Ave SEAlbuquerque, NM 87106
  • Utilities Included
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816 Coal Ave SW
1 to 2 Bedroom Apartments

816 Coal Ave SW

816 Coal Ave SWAlbuquerque, NM 87102

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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.

Wells Park, Albuquerque, NM Local Guide

Cheapest Available Wells Park Apartments for Rent

 

The cheapest available apartment rental in the Wells Park area of Albuquerque, NM is a Studio unit found at 210 High St NE priced from $700. Encino Terrace Senior has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here are the most affordable Wells Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
210 High St NE0 Beds, 1 BathsStudio,1BA$700
Encino Terrace SeniorStudioStudio,1BA$720
Union 505StudioStudio,1BA$784
Millennium FlatsUnit Type AStudio,1BA$790
Villa De San Felipe0x1CStudio,1BA$799
Pine St StudiosUnit 081BR,1BA$850
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,1BA$850
Silver Gardens ApartmentsStudio (60%)Studio,1BA$893
Silver Moon LodgeStudioStudio,1BA$897
Zocalo LoftsStudioStudio,1BA$925

Best Value Apartments for Rent in Wells Park, NM

As of May 19, 2026 the best value apartment in the Wells Park area is the $1.41 price per square foot 817 Slate Ave NW Model at 817 Slate Ave NW, Unit 817 in the in the Hunning Highland neighborhood starting from $1,690. The second greatest value Wells Park apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,150 with a $1.15 price per square foot in the Southeast Quadrant neighborhood. Here is today’s list of the best values for Wells Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
817 Slate Ave NW, Unit 817817 Slate Ave NW2BR,1BA$1.41
Four Seasons2br apartment corner unit2BR,1BA$1.15
417 Princeton Dr. SE, Unit "B"417 Princeton Dr. SE1BR,1BA$1.33
Marquee Village ApartmentsKaloDuo2BR,1BA$1.47
417 Princeton Dr SE, Unit Unit A417 Princeton Dr SE1BR,1BA$1.71
412 Columbia Dr SE, Unit A412 Columbia Dr SE1BR,1BA$1.58
Pine St StudiosUnit 081BR,1BA$1.31
Peaks at Sandia View1x1R-6381BR,1BA$1.57
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,1BA$1.70
210 High St NE0 Beds, 1 BathsStudio ,1BA$1.40

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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Pet Friendly Lifestyle
Wells Park, Albuquerque, NM

Ranked #163

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across New Mexico, including Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Wells Park Apartments

What is a cheap apartment in Wells Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wells Park is under $925.

What is the price of a cheap apartment in Wells Park?

The cheapest apartment in Wells Park is Pine St Studios which is listed at $850, while the average apartment in Wells Park costs $1,685.

What types of apartments are the cheapest in Wells Park?

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 24 regular apartments in Wells Park 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 Wells Park?

Cheap apartments in Wells Park have an average cost of $394 which is $1,291 cheaper than the average rent for all rentals in Wells Park.

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

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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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I still recollect my first morning commute in Albuquerque.

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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.