Cheap Apartments for Rent in Placitas, NM from $600 (42 Rentals)

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Canoan Village
$1,017 - $1,682
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$1,017 - $1,682
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Studio to 2 Bedroom Apartments Available Now

Canoan Village

5300 Eubank Blvd NEAlbuquerque, NM 87111
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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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CIBOLA VILLAGE
$1,215 - $1,531
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$1,215 - $1,531
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1 to 2 Bedroom Apartments Available Now

CIBOLA VILLAGE

12400 Montgomery Blvd NEAlbuquerque, NM 87111
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Spring Park
Rent Specials
$1,224 - $1,753
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$1,224 - $1,753
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1 to 2 Bedroom Apartments Available Now

Spring Park

5801 Eubank Blvd NEAlbuquerque, NM 87111
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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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Quincy
Rent Specials
$1,398 - $1,883
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$1,398 - $1,883
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1 to 3 Bedroom Apartments Available Now

Quincy

5905 Tierra Antigua St NEAlbuquerque, NM 87111
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Allaso Journal Center
Rent Specials
$1,492 - $2,267
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$1,492 - $2,267
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Studio to 2 Bedroom Apartments Available Now

Allaso Journal Center

7800 Headline Blvd NEAlbuquerque, NM 87109
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Ottavo
Rent Specials
$1,506 - $2,352
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$1,506 - $2,352
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1 to 3 Bedroom Apartments Available Now

Ottavo

6350 Eubank Blvd NEAlbuquerque, NM 87111
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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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Allaso Vineyards
Rent Specials
$1,632 - $2,443
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$1,632 - $2,443
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Allaso Vineyards

8901 Holly Ave NEAlbuquerque, NM 87122
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Allaso High Desert
Rent Specials
$1,648 - $2,964
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$1,648 - $2,964
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1 to 3 Bedroom Apartments Available Now

Allaso High Desert

6701 Tennyson St NEAlbuquerque, NM 87111
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Allaso Olivine
Rent Specials
$1,708 - $2,398
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$1,708 - $2,398
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Studio to 2 Bedroom Apartments Available Now

Allaso Olivine

6925 Alameda Blvd NEAlbuquerque, NM 87113
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Sandia Vista
1 to 3 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
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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.

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Mountain Run Apartments
1 to 2 Bedroom Apartments

Mountain Run Apartments

5800 Eubank Blvd NEAlbuquerque, NM 87111
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The Orchards
1 to 2 Bedroom Apartments

The Orchards

247 U.S. 550Bernalillo, NM 87004
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Olympus Latitude
Studio to 2 Bedroom Apartments

Olympus Latitude

6700 Modesto Ave NEAlbuquerque, NM 87113
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Las Kivas
2 to 3 Bedroom Apartments

Las Kivas

4777 Tramway Blvd NEAlbuquerque, NM 87111

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.

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Showing Results 1-42, Page 1 of 1

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 $1,017. 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$1,017
Arrowhead RidgeMesa 50%3BR,2BA$1,066
The PanoramaStudio BStudio,1BA$1,098
Telegraph Hill1x1-5371BR,1BA$1,099
OverlookVista1BR,1BA$1,099
Tesoro on SpainA11BR,1BA$1,105
Mountain Run ApartmentsSandia1BR,1BA$1,115
Desert WillowSonoma2BR,2BA$1,153
CIBOLA VILLAGEA11BR,1BA$1,215

Best Value Apartments for Rent in Placitas, NM and Nearby

As of April 28, 2026 the best value apartment in the Placitas area is the $1.59 price per square foot 3BR/2.5BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,750. The second greatest value Placitas apartment is the 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills starting at $1,999 with a $1.64 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 Village3BR/2.5BA3BR,2.5BA$1.59
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR,2.5BA$1.64
Cielo Alameda2x2d2BR,2BA$1.64
Las KivasIsleta2BR,2BA$1.51
Arrowhead RidgeMesa 60%3BR,2BA$1.24
Vista Del Sol Apartments2 Bed 2 Bath2BR,2BA$1.60
ArterraVadara1BR,1BA$1.66
Desert WillowSonoma2BR,2BA$1.37
La Mirage Apartment HomesSandia1BR,1BA$1.68
Tesoro on SpainA21BR,1BA$1.51

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Frequently Asked Questions about Cheap Placitas Apartments

What is the Cheapest Studio apartment in Placitas?

Currently the most affordable Cheap Studio Apartment in Placitas is at Canoan Village listed at $1,017.

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 $1,146 at Arrowhead Ridge.

What is the most affordable Placitas Three Bedroom Apartment?

The best deal on a cheap Placitas Three Bedroom Apartment rental is at Arrowhead Ridge and starts from $1,066.

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

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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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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.