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Cheap Apartments for Rent in New Mexico

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  • Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

  • Apartments Under $700

  • 1 bd $640
    2 bd $680
    3 bd $929
    Base rent
    Verified Listing

    THE COURTYARD APARTMENT HOMES

    6001 Topke Place NE, Albuquerque, NM 87109
    Pet friendly • Fitness center • Pool
  • 7 units available
    1 bd $645+
    2 bd $950
    Base rent
    Verified Listing

    4901 San Mateo Lane NE

    4.0 (29)
    4901 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • Only 2 units left
    Studio $680
    Base rent
    Verified Listing

    Saddlecreek Apartments

    4.5 (3)
    1901 S. Sunset Ave., Roswell, NM 88203
    Apply online • Pet friendly

  • Apartments Under $800

  • Only 2 units left
    1 bd $750+
    2 bd $800+
    Base rent
    Verified Listing

    235 W. Madrid Avenue

    5.0 (2)
    235 W. Madrid Avenue, Las Cruces, NM 88005
    Apply online • Dog friendly
  • Rent specials New Units Available
    Studio $750
    1 bd $955
    2 bd $1,130
    Base rent
    Verified Listing

    Rock Creek

    4.5 (5)
    3135 Comanche Rd NE, Albuquerque, NM 87107
    Apply online • Pet friendly • Fitness center
  • 1 bd $766
    Base rent
    Verified Listing

    White Oak Apartments

    5.0 (8)
    121 Cardenas NE, Albuquerque, NM 87108
    Apply online • Cat friendly • In unit laundry
  • 5 units available
    Studio $775
    Base rent
    Verified Listing

    San Mateo Suites

    4.0 (29)
    5001 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • Rent specials 29 units available
    Studio $799+
    1 bd $800+
    2 bd $1,130
    Base rent
    Verified Listing

    Encanto Lofts Apartments

    3.5 (9)
    4501 Shepard Road NE, Albuquerque, NM 87110
    Apply online • Pet friendly • Fitness center

  • Apartments Under $900

  • Rent specials New Units Available
    Studio $821+
    1 bd $904+
    2 bd $1,129+
    Total monthly cost
    Verified Listing

    Union 505

    3.5 (39)
    801 Locust Place NE, Albuquerque, NM 87102
    Apply online • Pet friendly • Fitness center
  • Rewards New Units Available
    Studio $822
    1 bd $953
    2 bd $1,098
    Base rent
    Verified Listing

    Somerset Park

    3.5 (7)
    1201 Madeira Dr. SE, Albuquerque, NM 87108
    Apply online • Pet friendly • Pool
  • Studio $827+
    1 bd $1,029+
    2 bd $1,078+
    Total monthly cost
    Verified Listing

    Tierra Pointe

    6801 Los Volcanes Road NW, Albuquerque, NM 87121
    Apply online • Pet friendly
  • Only 1 unit left
    1 bd $850
    2 bd $950
    Base rent
    Verified Listing

    1221 Silver Ave SW

    4.0 (10)
    1221 Silver Ave SW, Albuquerque, NM 87102
    Apply online • Pet friendly
  • 5 units available
    Studio $850
    1 bd $1,250
    2 bd $1,500
    Base rent
    Verified Listing

    760 Juan Tabo

    4.0 (18)
    760 Juan Tabo Blvd NE, Albuquerque, NM 87123
    Apply online • Pet friendly • In unit laundry
  • New Units Available 8 units available
    1 bd $875+
    2 bd $1,125
    Base rent
    Verified Listing

    Whispering Sands

    12720 Central Ave SE, Albuquerque, NM 87123
    Apply online • Pet friendly • Parking
  • Rewards
    1 bd $889+
    2 bd $1,077+
    Base rent
    Verified Listing

    The Pearl At Spring Creek

    4.0 (92)
    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    Apply online • Pet friendly • Parking

  • Apartments Under $1,000

  • 1 bd $925
    2 bd $1,120
    Base rent
    Verified Listing

    Sun Ridge Village

    3.5 (10)
    2330 Nevada Ave, Las Cruces, NM 88001
    Apply online • Pet friendly • Pool
  • Rent specials Rewards
    1 bd $928+
    2 bd $1,087
    Base rent
    Verified Listing

    The Retreat At Candelaria

    4.5 (40)
    3011 Jane Pl NE, Albuquerque, NM 87111
    Apply online • Pet friendly • Parking
  • 1 bd $956+
    2 bd $1,141+
    Total monthly cost
    Verified Listing

    Ceja Vista Senior Apartments

    4.0 (1)
    10001 Ceja Vista Rd SW, Albuquerque, NM 87121
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    1 bd $960+
    2 bd $1,220+
    Base rent
    Verified Listing

    Acacia Gardens

    4.0 (28)
    8401 Spain Road NE, Albuquerque, NM 87111
    Apply online • Pet friendly
  • 11 units available
    1 bd $965+
    2 bd $1,135+
    Base rent
    Verified Listing

    Mission Hill Apartments

    4.0 (39)
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Pool
  • 20 units available
    Studio $969+
    1 bd $1,170+
    2 bd $1,224+
    Base rent
    Verified Listing

    Villas De La Terraza

    3.5 (27)
    6401 Academy Road NE, Albuquerque, NM 87109
    Apply online • Pet friendly • Parking
  • 1 bd $975+
    Base rent
    Verified Listing

    Arlo Apartments

    4.5 (2)
    8911 Northeastern Blvd NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Fitness center
  • Only 1 unit left
    2 bd $975
    Base rent
    Verified Listing

    Cedar Crest Apartments

    4.5 (3)
    220 Nizhoni Blvd, Gallup, NM 87301
    Apply online
  • Rent specials
    1 bd $980+
    2 bd $1,133+
    Total monthly cost
    Verified Listing

    Comanche Wells

    3400 Comanche Road NE, Albuquerque, NM 87107
    Apply online • Pet friendly
  • 5 units available
    1 bd $990+
    2 bd $1,195+
    3 bd $1,720+
    Base rent
    Verified Listing

    Sedona Ridge

    4.5 (16)
    3400 Wyoming Blvd, Albuquerque, NM 87111
    Apply online • Pet friendly • Fitness center
  • 1 bd $995+
    2 bd $1,250+
    Total monthly cost
    Verified Listing

    Casa De Encantada Senior Apartments

    4.5 (13)
    7780 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    1 bd $999+
    2 bd $1,325+
    Base rent
    Verified Listing

    Peaks At Sandia View

    3.0 (2)
    1501 Indian School Road NE, Albuquerque, NM 87102
    Apply online • Pet friendly • Parking

  • Apartments Under $1,100

  • New Units Available 18 units available
    1 bd $1,013+
    2 bd $1,257+
    Total monthly cost
    Verified Listing

    Arrowhead Pointe

    4.0 (22)
    12021 Skyline Road NE, Albuquerque, NM 87123
    Apply online • Pet friendly • Pool
  • New Units Available
    1 bd $1,024+
    2 bd $1,358+
    3 bd $1,639+
    Total monthly cost
    Verified Listing

    MOUNTAIN VISTA

    4.0 (15)
    1501 Tramway Blvd. NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    1 bd $1,030+
    2 bd $1,199+
    3 bd $1,675+
    Base rent
    Verified Listing

    Norte Villas Apartments

    3.0 (16)
    6001 Topke Place NE, Albuquerque, NM 87109
    Apply online • Pet friendly • Fitness center
  • Only 3 units left
    Ask for pricing
    Verified Listing

    Generations At West Mesa

    4.0 (7)
    5710 Avalon Road NW, Albuquerque, NM 87105
    Apply online • Pet friendly
  • Rent specials 9 units available
    1 bd $1,047+
    2 bd $1,234
    3 bd $1,420+
    Base rent
    Verified Listing

    Villa Esperanza

    3.0 (4)
    3901 Lafayette Dr NE, Albuquerque, NM 87107
    Pet friendly • In unit laundry • Dishwasher
  • Only 1 unit left
    1 bd $1,050
    2 bd $1,150
    Base rent
    Verified Listing

    The Columns At Alvarado

    4.5 (2)
    1036 Alvarado Drive Southeast, Albuquerque, NM 87108
    Apply online • Pet friendly • In unit laundry
  • Rent specials 12 units available
    Studio $1,050
    1 bd $1,199+
    2 bd $1,399+
    Base rent
    Verified Listing

    Los Altos Towers

    4.5 (47)
    9125 Copper Ave NE, Albuquerque, NM 87123
    Apply online • Pet friendly
  • 1 bd $1,054
    3 bd $1,445
    Total monthly cost
    Verified Listing

    Village At Avalon

    4.5 (5)
    601 90Th St NW, Albuquerque, NM 87121
    Apply online • Pet friendly • Fitness center
  • 2 bd $1,064
    3 bd $1,155+
    Base rent
    Verified Listing

    Valle Grande

    4.0 (2)
    8900 Second St. NW, Albuquerque, NM 87114
    Apply online • Dog friendly • Dishwasher
  • Rent specials 7 units available
    1 bd $1,070+
    2 bd $1,330+
    Base rent
    Verified Listing

    Wyoming Place Apartments

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    Apply online • Pet friendly • Fitness center
  • Only 2 units left
    1 bd $1,090+
    2 bd $1,275
    Base rent
    Verified Listing

    La Vida Buena Apartments

    4.0 (13)
    2201 Ambassador Road NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Parking
  • New Units Available
    1 bd $1,091
    2 bd $1,302
    3 bd $1,508
    Total monthly cost
    Verified Listing

    Valle De Atrisco

    4.0 (9)
    9901 Ceja Vis Rd SW, Albuquerque, NM 87121
    Apply online • Pet friendly • Fitness center
  • New Units Available
    1 bd $1,094
    2 bd $1,304
    3 bd $1,506
    Total monthly cost
    Verified Listing

    550 Paseo

    4.0 (4)
    7810 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,200

  • Rent specials New Units Available
    Studio $1,155
    1 bd $1,290
    2 bd $1,520
    Base rent
    Verified Listing

    Blue Agave Villas

    3.5 (14)
    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    Apply online • Pet friendly • In unit laundry
  • New Units Available 11 units available
    Studio $1,197
    1 bd $1,284+
    2 bd $1,540
    Total monthly cost
    Verified Listing

    Entrada Pointe

    4.5 (16)
    900 Country Club, Rio Rancho, NM 87124
    Apply online • Pet friendly • Fitness center
  • Only 1 unit left
    Studio $1,200
    Base rent
    Verified Listing

    308 E & 310 E Hwy 66th

    308 E & 310 E Hwy 66Th, Gallup, NM 87301
    Apply online
  • Rent specials New Units Available
    1 bd $1,200
    2 bd $1,399
    Base rent
    Verified Listing

    Riverwood

    506 W Orchard Ln, Carlsbad, NM 88220
    Apply online • Pet friendly • Parking
  • 1 bd $1,218
    Base rent
    Verified Listing

    Buena Vista Senior

    5.0 (20)
    1355 Meadowlark Ln SE, Rio Rancho, NM 87124
    Pet friendly • Fitness center • Pool
  • 2 bd $1,229+
    3 bd $1,229+
    Base rent
    Verified Listing

    Riviera De Sandia

    3.5 (4)
    12145 State Hwy 14 North, Cedar Crest, NM 87008
    Pet friendly • Dishwasher • Air conditioner
  • Rent specials 9 units available
    2 bd $1,299+
    3 bd $1,449
    Base rent
    Verified Listing

    Rio Volcan

    5.0 (1)
    1919 Ladera Drive NW, Albuquerque, NM 87120
    Apply online • Pet friendly • Fitness center
  • Rent specials Only 3 units left
    1 bd $1,300
    2 bd $1,700
    3 bd $1,775
    Base rent
    Verified Listing

    Cielo Vista

    601 W Orchard Ln, Carlsbad, NM 88220
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    1 bd $1,329+
    2 bd $1,479+
    3 bd $1,699+
    Base rent
    Verified Listing

    Talavera Apartment Homes

    4.5 (11)
    4129 S. Meadows Road, Santa Fe, NM 87507
    Apply online • Pet friendly • Parking
  • Only 2 units left
    1 bd $1,340+
    2 bd $1,490+
    3 bd $2,025+
    Base rent
    Verified Listing

    Avalon At Carlsbad

    4.0 (8)
    1907 San Jose Boulevard, Carlsbad, NM 88220
    Apply online • Pet friendly • Parking
  • 56-0-state
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Frequently asked questions

What is the price of a cheap apartment in New Mexico?

The price range of a cheap apartment is between $645 and $4,143.

How many cheap rentals are available in New Mexico on RentCafe?

There are 242 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 29 Aug 2026.

What is the average size of a cheap apartment in New Mexico?

The average New Mexico cheap apartment size is 730 sq. ft.

What are the advantages of renting a cheap apartment in New Mexico?

Cheap apartments in New Mexico are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in New Mexico?

A cheap apartment in New Mexico offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in New Mexico? With RentCafe, finding an affordable apartment in New Mexico has never been easier. We feature 498 low-priced rentals directly from property managers, with rents lower than the New Mexico average. What is a cheap rent in New Mexico? The average apartment rent in New Mexico is $1,441 per month so any rental south of $1,153 would be considered cheap here. On RentCafe, New Mexico rents go as low as $640/mo.