Cheap Homes for Rent in Placitas, NM from $1,400 (7 Rentals)

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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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Placitas, NM Local Guide

Cheapest Available Placitas Apartments for Rent and Nearby

 

The cheapest available apartment rental in Placitas, NM is a Studio unit found at Panorama in the Sunrise Village at Northern Meadows neighborhood priced from $970. Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $993. Here is today’s list of the most affordable Placitas apartments for rent:

Apartment ListingModel NameBed/BathPriced From
PanoramaStudio CStudio,1BA$970
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Blue Agave VillasThe RoadrunnerStudio,1BA$1,125

Best Value Apartments for Rent in Placitas, NM and Nearby

As of January 31, 2026 the best value apartment in the Placitas area is the $1.67 price per square foot 3BR/2.0BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,890. The second greatest value Placitas apartment is the 2X2-1135-Full Renovation Model at Broadstone Heights starting at $1,799 with a $1.59 price per square foot in the Academy Hills 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/2.0BA3BR,2BA$1.67
Broadstone Heights2X2-1135-Full Renovation2BR,2BA$1.59
Mesa Del Oso2 Bed 2 Bath A2BR,2BA$1.54
Las KivasAbo2BR,1BA$1.68
La Mirage Apartment HomesTijeras2BR,2BA$1.62
ArterraVadara1BR,1BA$1.59
Desert WillowSonoma2BR,2BA$1.37
Allegro at Tanoan1 Bedroom 1 Bath1BR,1BA$1.63
Tesoro on SpainA11BR,1BA$1.64
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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

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Frequently Asked Questions about Placitas

What type of rentals are currently available in Placitas?

There are currently 42 Apartments for Rent in Placitas, NM with pricing that ranges from $814 to $3,938. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Placitas ranging from $1,400 to $4,800.

What is the current price range for Rental Homes in Placitas?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Placitas ranges from $1,400 to $4,800 with an average monthly rent of $2,459.

How much are larger Three and Four Bedroom Rentals in Placitas?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Placitas range from $1,228 to $3,938, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,175 and Four Bedroom Apartments start at $1,343.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.