Cheap Apartments for Rent in Albuquerque, NM from $400 (326 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: 04/22/2025

Current apartment rentals in the Albuquerque, NM area range in price from $550 to $5,000 with an overall median price of $2,501. The three Albuquerque neighborhoods with the lowest median rent pricing are Trumbull Village at $899, La Mesa at $850, and Sunport at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albuquerque Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Trumbull Village$900$8993
La Mesa$912$8504
Sunport$1,300$1,3001
Westland North$1,399$1,3991
Clayton Heights Lomas Del Cielo$1,400$8952
Vista Del Norte Alliance$1,500$1,5001
South Los Altos$1,600$1,6001
Silver Hill$1,620$1,0257
University Heights$1,650$1,3903
Midtown$1,772$7003

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
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$655
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$675
Nova PointS1 - StudioStudio,1BA$700
The Villas @ UptownStudio UpgradeStudio,1BA$700
El Pueblo II Apartments1x11BR,1BA$716
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
210 High St NE0 Beds, 1 BathsStudio,1BA$745

Best Value Apartments for Rent in Albuquerque, NM

As of April 22, 2025 the best value apartment in the Albuquerque area is the $1.09 price per square foot 2 Beds, 1 bath Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,200. The second greatest value Albuquerque apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast Quadrant 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.
Taylor Ridge Apartments2 Beds, 1 bath2BR,1BA$1.09
Four Seasons2br apartment corner unit2BR,1BA$1.10
Theta ApartmentsKaloSolo-Premium1BR,1BA$1.11
The Ridge2 Bedroom 1 Bathroom2BR,1BA$1.12
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.20
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.09
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
El Pueblo II Apartments1x11BR,1BA$1.03
528 Charleston St SE, Unit 4528 Charleston St SE1BR,1BA$1.23
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 $925 at 209 Hanosh Ct SE.

What is the most affordable Albuquerque Three Bedroom Apartment?

The best deal on a cheap Albuquerque Three Bedroom Apartment rental is at Mont 44 Apartments and starts from $1,231.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.