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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 28 May 2026.

What are the best apartments in Albuquerque, NM?

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

What type of rental buildings are in Albuquerque, NM?

In Albuquerque 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 19% of Albuquerque's apartments are found in large buildings of 50 units or more, 55% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.