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Apartments for Rent in Albuquerque, NM under $700

Apartments for Rent in Albuquerque, NM under $700. 11 Rentals Available
11 Rentals Available
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  • Rent specials 4 units available
    Studio $561+
    Total monthly cost
    Verified Listing

    3.5 (6)
    4300 Pan American FWY NE, Albuquerque, NM 87107
    Apply online • Pet friendly • Fitness center
  • Only 2 units left
    1 bd $645+
    Base rent
    Verified Listing

    4.0 (29)
    4901 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • Rewards
    Ask for pricing
    Verified Listing

    125 Cardenas NE, Albuquerque, NM 87108
    Cat friendly • In unit laundry • Air conditioner
  • 1 bd $640
    2 bd $680
    Base rent
    Verified Listing

    6001 Topke Place NE, Albuquerque, NM 87109
    Pet friendly • Fitness center • Pool
  • Ask for pricing
    Verified Listing

    901 Tramway Blvd. NE, Albuquerque, NM 87123
    In unit laundry • Patio/Balcony • Large Closets
  • Ask for pricing
    Verified Listing

    1200 Dickerson SE, Albuquerque, NM 87106
    Air conditioner • Wheelchair Access
  • Ask for pricing
    Income restricted
    Verified Listing

    2821 Mountain RD, NW, Albuquerque, NM 87104
    Wheelchair Access
7-0-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 12 Jul 2026.

What are the best apartments in Albuquerque, NM?
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.

Renting apartments in Albuquerque, NM under $700

Searching for apartments for rent in Albuquerque, NM under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Albuquerque, NM, where the average rent is $694 per month, there are 11 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Albuquerque, NM. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Albuquerque, NM going for $561 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.