Cheap Apartments for Rent in Albuquerque, NM from $400(337 Rentals)

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415 Grove St SE
$7101 Bedroom, 1 Bath Home for RentAvailable Now

415 Grove St SE

Albuquerque, NM 87108
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Via Apartments
from $871Studio to 3 Bedroom Apartments Contact Us For Availability

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4321 Montgomery Blvd NEAlbuquerque, NM 87109
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435 Texas St NE
$8752 Bedroom, 1 Bath Home for RentAvailable Now

435 Texas St NE

Albuquerque, NM 87108
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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: 11/26/2024

Current apartment rentals in the Albuquerque, NM area range in price from $435 to $9,000 with an overall median price of $2,213. The three Albuquerque neighborhoods with the lowest median rent pricing are S R Marmon at $889, Southwest Mesa at $932, and Elder Homestead at $435. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
S R Marmon$1,063$8899
Southwest Mesa$1,127$9322
Elder Homestead$1,200$435154
University Heights$1,200$4756
South Los Altos$1,248$44493
Trumbull Village$1,248$43592
Mesa Village$1,266$435182
Pat Hurley$1,300$63894
West Bluff$1,315$444104
Near North Valley$1,325$52554

Cheapest Available Albuquerque Apartments for Rent

 

The cheapest available apartment rental in Albuquerque, NM is a Studio unit found at Desert Creek Apartments in the Northwest Quadrant neighborhood priced from $656. Comanche Wells in the Northwest Quadrant neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $716. Here is today’s list of the most affordable Albuquerque apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$656
Comanche WellsS1Studio,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
Cinnamon TreeOne Bed One Bath1BR,1BA$748
Portals1bd/1ba1BR,1BA$765
Union 505StudioStudio,1BA$767
Somerset ParkStudioStudio,1BA$768

Best Value Apartments for Rent in Albuquerque, NM

As of November 27, 2024 the best value apartment in the Albuquerque area is the $1.12 price per square foot 10116 Comanche Rd NE Model at 10116 Comanche Rd NE, Unit Comanche Apartments in the in the Northeast Quadrant neighborhood starting from $1,450. The second greatest value Albuquerque apartment is the 2BR/1.5BA Model at 209 Hanosh Ct SE starting at $1,025 with a $0.95 price per square foot in the Towne Park 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.
10116 Comanche Rd NE, Unit Comanche Apartments10116 Comanche Rd NE3BR,2BA$1.12
209 Hanosh Ct SE2BR/1.5BA2BR,1.5BA$0.95
Mission Hill ApartmentsThe Rio Grande2BR,1BA$1.13
Netherwood North2 Beds, 2 baths2BR,2BA$0.88
Canon De Arrowhead2 Bed 2 Bath2BR,2BA$1.15
1038 Texas St NE, Unit A1038 Texas St NE2BR,1BA$1.06
314 Rhode Island St SE, Unit #4314 Rhode Island St SE1BR,1BA$0.94
420 Vermont St NE, Unit 8420 Vermont St NE2BR,1BA$1.16
Portals1bd/1ba - Rehabbed1BR,1BA$1.14
El Pueblo II Apartments1x11BR,1BA$1.11

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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.

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 Desert Creek Apartments listed at $656.

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

The lowest price for a Cheap One Bedroom Albuquerque Apartment is $740 at Silver Gardens Apartments.

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 $792 at Tesota Four Hills.

What is the most affordable Albuquerque Three Bedroom Apartment?

The best deal on a cheap Albuquerque Three Bedroom Apartment rental is at Tesota Four Hills and starts from $1,034.

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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