Cheap Apartments for Rent in Placitas, NM from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Placitas.

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Sandia Vista
2 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
  • Utilities Included

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Mountain Run
1 to 2 Bedroom Apartments

Mountain Run

5800 Eubank Blvd NEAlbuquerque, NM 87111
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Placitas, NM Local Guide

Cheapest Available Placitas Apartments for Rent and Nearby

 

The cheapest available apartment rental in Placitas, NM is a 1 Bed unit found at Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Canoan Village in the Northeast Quadrant neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here is today’s list of the most affordable Placitas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Canoan VillageA1Studio,1BA$1,015
Mountain RunSandia1BR,1BA$1,195
Blue Agave VillasThe Grove1BR,1BA$1,280
CIBOLA VILLAGEA11BR,1BA$1,291

Best Value Apartments for Rent in Placitas, NM and Nearby

As of August 28, 2025 the best value apartment in the Placitas area is the $1.66 price per square foot 3x2 (Medium) Model at Horizon Village Rental Homes in the in the Baloon Fiesta Park neighborhood starting from $2,875. The second greatest value Placitas apartment is the 3x2 Model at Coronado Townhomes starting at $1,795 with a $1.35 price per square foot in the Encantado del Norte Heritage Series neighborhood. Here is today’s list of the best values for Placitas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon Village Rental Homes3x2 (Medium)3BR,2BA$1.66
Coronado Townhomes3x23BR,2BA$1.35
Telegraph Hill2x2TH-11432BR,2BA$1.40
Broadstone Heights2X2-11352BR,2BA$1.48
QuincyPine Renovated2BR,2BA$1.51
Las KivasIsleta2BR,2BA$1.47
Allegro at Tanoan2 Bedroom 2 Bath2BR,2BA$1.69
Enchanted HillsEnchanted2BR,2BA$1.66
ArterraVadara1BR,1BA$1.67
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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Pet Friendly Lifestyle
Placitas, NM

Ranked #12

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Placitas, NM Rentals by Map

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See the most popular apartments and homes in Placitas, NM

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Getting Around Placitas, NM

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

13 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Placitas Apartments

How much is rent for a Cheap One Bedroom Placitas Apartment?

The lowest price for a Cheap One Bedroom Placitas Apartment is $993 at Casa de Encantada Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Placitas Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Placitas is starting from $1,400 at Overlook.

What is the most affordable Placitas Three Bedroom Apartment?

The best deal on a cheap Placitas Three Bedroom Apartment rental is at Coronado Townhomes and starts from $1,795.

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.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.