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Apartments for Rent in Albuquerque, NM under $500

Apartments for Rent in Albuquerque, NM under $500. 2 Rentals Available
2 Rentals Available
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  • a playground in a courtyard of a building in a city
    Rent specials Only 1 unit left
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    Verified Listing

    4.0 (7)
    5710 Avalon Road NW, Albuquerque, NM 87105
    Apply online • Pet friendly
  • an empty playground in front of an apartment building
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    Verified Listing

    1200 Dickerson SE, Albuquerque, NM 87106
2-0-city
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Frequently asked questions

When were prices and availability in Albuquerque, NM last updated?

Prices and availability in Albuquerque, NM were last updated on 27 May 2026.

What are the best apartments in Albuquerque, NM?

The best apartments in Albuquerque, NM are: Arterra, Acacia Gardens, Altezza High Desert, Broadstone Towne Center and Somerset Park.

What type of rental buildings are in Albuquerque, NM?

In Albuquerque, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Albuquerque's rentals, 55% are small-scale complexes with under 50 units, and 25% are single-family rentals.