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Apartments for Rent in Albuquerque, NM under $700

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  • Only 2 units left
    1 bd $645+
    Base rent
    Verified Listing

    4901 San Mateo Lane NE

    4.0 (29)
    4901 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • 1 bd $640
    2 bd $680
    Base rent
    Verified Listing

    THE COURTYARD APARTMENT HOMES

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

    Sandia Vista Apt.

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

    La Vida Nueva Apt.

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

    Plaza David Chavez

    2821 Mountain RD, NW, Albuquerque, NM 87104
    Wheelchair Access
  • 5-0-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 23 Aug 2026.

What are the best apartments in Albuquerque, NM?
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.

Your search for apartments in Albuquerque, NM under $700 stops here

Finding apartments for rent in Albuquerque, NM for less than $700 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 6 available units in Albuquerque, NM, renting for under $700. On average, $706 can get you 741 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $700” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $700 in Albuquerque, NM goes for $640 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.