Cheap Apartments for Rent in Albuquerque, NM from $400 (344 Rentals)

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

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Albuquerque, NM Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Albuquerque, NM

Pricing Updated: 04/12/2025

Current apartment rentals in the Albuquerque, NM area range in price from $550 to $16,500 with an overall median price of $4,537. The three Albuquerque neighborhoods with the lowest median rent pricing are La Mesa at $620, Singing Arrow at $850, and Sunport at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
La Mesa$900$6205
Singing Arrow$900$8502
Sunport$950$9501
Trumbull Village$1,127$7255
Vista Del Norte Alliance$1,500$1,5001
Glenwood Hills South Casa Grande$1,600$1,6001
South Los Altos$1,600$1,6001
Silver Hill$1,645$1,0257
Midtown$1,695$1,2954
Vineyard$1,750$7009

Cheapest Available Albuquerque Apartments for Rent

 

The cheapest available apartment rental in Albuquerque, NM is a Studio unit found at Sunport Luxury Townhomes in the Southeast Quadrant neighborhood priced from $499. Loop @950 in the South San Pedro neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Albuquerque apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunport Luxury TownhomesStudioStudio,1BA$499
Loop @9500x1 - 280Studio,1BA$645
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$675
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$699
The Villas @ UptownStudio UpgradeStudio,1BA$700
El Pueblo II Apartments1x11BR,1BA$716
210 High St NE0 Beds, 1 BathsStudio,1BA$735
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Home @ Valencia1bd/1ba1BR,1BA$750

Best Value Apartments for Rent in Albuquerque, NM

As of April 13, 2025 the best value apartment in the Albuquerque area is the $0.92 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the University Heights neighborhood starting from $1,114. The second greatest value Albuquerque apartment is the 3 Bedroom 2 Bathroom Model at The Ridge starting at $1,355 with a $1.20 price per square foot in the Quail Ridge neighborhood. Here is today’s list of the best values for Albuquerque apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$0.92
The Ridge3 Bedroom 2 Bathroom3BR,2BA$1.20
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
Four Seasons2br apartment corner unit2BR,1BA$1.10
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.18
Welcome Home To Rio Volcan!2 bedroom 1 bath2BR,1BA$1.20
Theta ApartmentsKaloSolo-Premium1BR,1BA$1.11
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.09
El Pueblo II Apartments1x11BR,1BA$1.03
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$1.04

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Albuquerque Overview

Boasting its status as the most populous city in all of New Mexico, Albuquerque is a historic city known for its universities, beautiful mountains, and for the gorgeous Rio Grande, which it straddles. This city has decades of growth under its belt, and only continues to draw in more settlers as time goes on. This metropolis is also incredibly diverse and continues to make its case as to why finding apartments in Albuquerque are such a great place to settle down.

Why live in Albuquerque, NM?

What makes Albuquerque special is the fact that it's situated right next to the Rio Grande and contains the Sandia Mountains. The city also boasts a large number of museums, galleries, as well as shops and other points of interest. The city has a very diverse population and puts on an annual major art event known as the New Mexico Arts and Crafts Fair. Foodies take heed: Albuquerque has a thriving restaurant scene, with many of its eats featuring in statewide lists of note. And those who love to exercise will be happy to hear that Albuquerque came out as the number one fittest city in the US. Living here is a breeze with many top options for Albuquerque apartments available to residents who move here.

Albuquerque, NM
Population: 560,218

Ranked #32

in US Census Population by City

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Pet Friendly Lifestyle
Albuquerque, NM

Ranked #2

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

Explore Albuquerque, NM Rentals by Map

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See the most popular apartments and homes in Albuquerque, NM

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Getting Around Albuquerque, NM

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

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.

Albuquerque, NM Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Cheap Albuquerque Apartments

What is the Cheapest Studio apartment in Albuquerque?

Currently the most affordable Cheap Studio Apartment in Albuquerque is at Sunport Luxury Townhomes listed at $499.

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

The lowest price for a Cheap One Bedroom Albuquerque Apartment is $675 at 1028 Alvarado Dr.

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

Today's best deal for a Cheap Two Bedroom Apartment in Albuquerque is starting from $908 at Cinnamon Tree.

What is the most affordable Albuquerque Three Bedroom Apartment?

The best deal on a cheap Albuquerque Three Bedroom Apartment rental is at Volcanes Commons and starts from $1,232.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.