Cheap Apartments for Rent in the Wells Park Neighborhood of Albuquerque, NM from $400 (100 Rentals)

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

Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers

Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

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Union 505
Rent Specials
$807 - $2,069
Total Monthly Price

Total Monthly Price

Base Rent
$807 - $2,069
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
Active Lifestyle
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Valley Apartments
Rent Specials
$914 - $1,974
Total Monthly Price

Total Monthly Price

Base Rent
$914 - $1,974
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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412 Columbia Dr SE
$999 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,075
Total Monthly Price
$999 - $1,075
1 Bedroom Apartment Available Now

412 Columbia Dr SE

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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Nine-O-Nine Apartments
$1,195 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,395
Total Monthly Price
$1,195 - $1,395
1 to 2 Bedroom Apartments Available Now

Nine-O-Nine Apartments

909 Tijeras Ave NWAlbuquerque, NM 87102
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property at 1521 Gold Ave SE

$1,200 - $1,250

1 Bedroom Rentals

Available Now

1521 Gold Ave SE

AlbuquerqueNM87106
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Calle Cuarta
Studio to 3 Bedroom Apartments

Calle Cuarta

3525 4th St NWAlbuquerque, NM 87107
  • Utilities Included

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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417 Sycamore St SE
1 to 3 Bedroom Apartments

417 Sycamore St SE

417 Sycamore St SEAlbuquerque, NM 87106
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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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217 Walter St NE
Studio Apartments

217 Walter St NE

217 Walter St NEAlbuquerque, NM 87102
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Columbian Apartments
1 to 2 Bedroom Apartments

Columbian Apartments

208 Columbia Dr SEAlbuquerque, NM 87106
  • Utilities Included
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1405 Gold Ave SE
1 to 2 Bedroom Apartments

1405 Gold Ave SE

1405 Gold Ave SEAlbuquerque, NM 87106
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1207 Barelas Rd SW
3 Bedroom Apartments

1207 Barelas Rd SW

1207 Barelas Rd SWAlbuquerque, NM 87102
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Union 505 priced from $807. Silver Gardens Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $811. Here are the most affordable Wells Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$807
Silver Gardens ApartmentsStudio (50%)Studio,1BA$811
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,1BA$850
Silver Moon LodgeStudioStudio,1BA$897
Zocalo LoftsStudioStudio,1BA$925
521-525 Cedar St SE1 Beds, 1 Baths1BR,1BA$945
Sage at 6011 x 1 B1BR,1BA$956
Hacienda South1BR/1.0BA1BR,1BA$995
Peaks at Sandia View1x1R-6401BR,1BA$999

Best Value Apartments for Rent in Wells Park, NM

As of August 18, 2026 the best value apartment in the Wells Park area is the $0.88 price per square foot 1 Beds, 1 Baths Model at 521-525 Cedar St SE in the in the Southeast Quadrant neighborhood starting from $945. The second greatest value Wells Park apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $1,825 with a $1.69 price per square foot in the Northwest 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.
521-525 Cedar St SE1 Beds, 1 Baths1BR,1BA$0.88
Villas @ Rio2BR/2.0BA2BR,2BA$1.69
Four Seasons2br apartment corner unit2BR,1BA$1.15
Peaks at Sandia View2x2R-9002BR,2BA$1.58
Marquee Village ApartmentsKaloDuo2BR,1BA$1.51
208 Mescalero Rd NW2/BED 1 /BATH2BR,1BA$1.34
Aztec ManorSpring into your new home! Beautiful 2 bed 1 bath2BR,1BA$1.31
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.68
Hacienda South1BR/1.0BA1BR,1BA$1.53
412 Columbia Dr SE412 Columbia Dr SE1BR,1BA$1.54

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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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.

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Pet Friendly Lifestyle
Wells Park, Albuquerque, NM

Ranked #103

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Wells Park, Albuquerque, NM

School data provided by Great Schools

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 $999.

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

The cheapest apartment in Wells Park is 2121 Gold Ave SE which is listed at $850, while the average apartment in Wells Park costs $1,232.

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 2 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 $133 which is $1,099 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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