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from $795Built in 2025Studio to 1 Bedroom Apartments Available Now
9317 Central Ave
9317 Central Ave NWAlbuquerque, NM 87121
Cheap New Apartments for Rent in Albuquerque, NM from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Albuquerque.
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from $800Built in 2016Studio Apartments Available Now
University Village
1901 University Blvd SEAlbuquerque, NM 87106
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from $835Built in 2023Studio Apartments Contact Us For Availability
Adobe Manor Apartments
7412 Central Ave SWAlbuquerque, NM 87121
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from $900Built in 2016Studio to 2 Bedroom Apartments Contact Us For Availability
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
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from $900Built in 2019Studio to 3 Bedroom Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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from $902Built in 20151 to 3 Bedroom Apartments Available Now
Volcanes Commons
6901 Glenrio Rd NWAlbuquerque, NM 87121
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from $917Built in 20181 to 3 Bedroom Apartments Available Now
Arroyo Vista
4201 Bryn Mawr Dr NEAlbuquerque, NM 87107
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $941Built in 20231 to 2 Bedroom Apartments Available Now
Ceja Vista Senior 55+
10001 Ceja Vista Rd SWAlbuquerque, NM 87121
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from $1,120Built in 2016Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
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from $1,200Built in 2019Studio to 2 Bedroom Apartments Available Now
De Anza - Nob Hill Luxury Apartments
4307 Central Ave NEAlbuquerque, NM 87108
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Built in 20221 Bedroom Apartments
Luminaria Senior Community
10600 Central Ave NEAlbuquerque, NM 87123
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $929Built in 20251 to 2 Bedroom Apartments Available Now
Felician Villa I - Senior 55+
1301 Stephanie Rd SERio Rancho, NM 87124
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from $1,098Built in 2023Studio Apartments Available Now
Panorama
1465 Rio Rancho Blvd SERio Rancho, NM 87124
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Built in 20251 to 2 Bedroom Apartments
Felician Villa II - Senior 55+
1325 Stephanie RdRio Rancho, NM 87124
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Built in 20251 to 3 Bedroom Apartments
Trailhead at Chamizal - NOW LEASING
350 Osuna Rd NWLos Ranchos de Albuquerque, NM 87107
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Showing Results 1-21, Page 1 of 1
Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albuquerque Studio Apartments | $1,011 | $616 | $3,358 |
| Albuquerque 1 Bedroom Apartments | $1,367 | $699 | $5,132 |
| Albuquerque 2 Bedroom Apartments | $1,690 | $697 | $5,852 |
| Albuquerque 3 Bedroom Apartments | $2,175 | $799 | $7,400 |
| Albuquerque 4 Bedroom Apartments | $2,593 | $1,114 | $7,360 |
Explore Albuquerque
Albuquerque, NM Local Guide
- Albuquerque Neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
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.
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
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Frequently Asked Questions about Cheap Albuquerque Apartments
What is a cheap apartment in Albuquerque?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albuquerque is under $740.
What is the price of a cheap apartment in Albuquerque?
The cheapest apartment in Albuquerque is 1028 Alvarado Dr which is listed at $675, while the average apartment in Albuquerque costs $2,347.
What types of apartments are the cheapest in Albuquerque?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,348 regular apartments in Albuquerque that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Albuquerque?
Cheap apartments in Albuquerque have an average cost of $395 which is $1,952 cheaper than the average rent for all rentals in Albuquerque.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.