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Cheap Apartments for Rent in New Mexico
Cheap Apartments for Rent in New Mexico. 511 Rentals Available
511 Rentals Available
Apartments Under $500 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000
Apartments Under $500
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Ask for pricing4.0 (7)5710 Avalon Road NW, Albuquerque, NM 87105Apply online • Pet friendly
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1 bd $441+2 bd $1,141Total monthly cost4.0 (1)10001 Ceja Vista Rd SW, Albuquerque, NM 87121Apply online • Pet friendly
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Apartments Under $600
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Only 2 units left1 bd $600+2 bd $525+Base rent5.0 (2)235 W. Madrid Avenue, Las Cruces, NM 88005Apply online
Apartments Under $700
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1 bd $6402 bd $6803 bd $929Base rent6001 Topke Place NE, Albuquerque, NM 87109Pet friendly
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1 bd $6452 bd $950Base rent4.0 (29)4901 San Mateo Lane NE, Albuquerque, NM 87109Apply online • Pet friendly
Apartments Under $800
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1 bd $730Base rent4.5 (3)1901 S. Sunset Ave., Roswell, NM 88203Apply online • Pet friendly
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Studio $750+1 bd $900+2 bd $1,099+Total monthly cost3400 Comanche Road NE, Albuquerque, NM 87107Apply online • Pet friendly
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1 bd $766Base rent5.0 (8)121 Cardenas NE, Albuquerque, NM 87108Apply online • Cat friendly
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Studio $774+1 bd $934+2 bd $1,136+Total monthly cost3.5 (38)801 Locust Place NE, Albuquerque, NM 87102Apply online • Pet friendly
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Studio $775Base rent4.0 (29)5001 San Mateo Lane NE, Albuquerque, NM 87109Apply online • Pet friendly
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Only 2 units left2 bd $775Base rent5.0 (1)Apts. #1-11, Las Cruces, NM 88001Apply online • Pet friendly -
1 bd $799+2 bd $1,100+Base rent12720 Central Ave SE, Albuquerque, NM 87123Apply online • Pet friendly
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Studio $799+1 bd $9552 bd $1,140Base rent4.5 (5)3135 Comanche Rd NE, Albuquerque, NM 87107Apply online • Pet friendly
&cropxunits=300&cropyunits=200&width=480&quality=90 "Kitchen Window")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Kitchen")
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Apartments Under $900
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Only 2 units leftStudio $800+1 bd $1,050+2 bd $1,300Base rent4.0 (18)760 Juan Tabo Blvd NE, Albuquerque, NM 87123Apply online • Pet friendly -
Studio $825+1 bd $1,5002 bd $1,600Base rent4.5 (4)4300 Bryn Mawr Dr. NE, Albuquerque, NM 87107Apply online
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Studio $8751 bd $835+2 bd $990+Base rent3.5 (8)4501 Shepard Road NE, Albuquerque, NM 87110Apply online • Pet friendly
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1 bd $8502 bd $950Base rent4.0 (10)1221 Silver Ave SW, Albuquerque, NM 87102Apply online • Pet friendly
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Studio $863+1 bd $889+2 bd $903+Total monthly cost6801 Los Volcanes Road NW, Albuquerque, NM 87121Apply online • Pet friendly
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1 bd $879+2 bd $1,125+Base rent4.0 (39)10000 Menaul Boulevard NE, Albuquerque, NM 87112Apply online • Pet friendly
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1 bd $8892 bd $1,077Base rent4.0 (90)5600 Gibson Blvd. SE, Albuquerque, NM 87108Apply online • Pet friendly • Parking
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1 bd $899+2 bd $1,135Total monthly cost3.5 (6)200 Valencia Dr SE, Albuquerque, NM 87108Apply online • Pet friendly
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1 bd $899+2 bd $1,100+3 bd $1,700+Base rent4.5 (16)3400 Wyoming Blvd, Albuquerque, NM 87111Apply online • Pet friendly
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&cropxunits=300&cropyunits=200&width=480&quality=90 "Furnished Monarch")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Calla Kitchen")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Furnished Monarch 2nd Bedroom")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Clubhouse")
&cropxunits=300&cropyunits=200&width=480&quality=90 "The Pearl at Spring Creek Monument Sign")
Apartments Under $1,000
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Studio $909+1 bd $1,199+2 bd $1,424+Base rent4.5 (46)9125 Copper Ave NE, Albuquerque, NM 87123Apply online • Pet friendly
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1 bd $909+2 bd $1,150+3 bd $1,599+Base rent3.0 (16)6001 Topke Place NE, Albuquerque, NM 87109Apply online • Pet friendly
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1 bd $9252 bd $1,020+Base rent3.5 (10)2330 Nevada Ave, Las Cruces, NM 88001Apply online • Pet friendly
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Studio $9251 bd $1,145Base rent4.0 (5)400 Coal Avenue, Albuquerque, NM 87102Apply online • Pet friendly
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1 bd $928+2 bd $1,087+Base rent4.5 (40)3011 Jane Pl NE, Albuquerque, NM 87111Apply online • Pet friendly • Parking
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1 bd $942Base rent3.5 (7)1201 Madeira Dr. SE, Albuquerque, NM 87108Apply online • Pet friendly • Pool
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1 bd $943+2 bd $1,187+3 bd $1,517Total monthly cost4.0 (20)12021 Skyline Road NE, Albuquerque, NM 87123Apply online • Pet friendly
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1 bd $975+Base rent4.5 (2)8911 Northeastern Blvd NE, Albuquerque, NM 87112Pet friendly
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2 bd $9753 bd $1,075Base rent4.5 (3)220 Nizhoni Blvd, Gallup, NM 87301Apply online
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1 bd $975+2 bd $1,299+Base rent3.0 (2)1501 Indian School Road NE, Albuquerque, NM 87102Apply online • Pet friendly
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1 bd $9902 bd $1,1803 bd $1,368Total monthly cost4.0 (9)9901 Ceja Vis Rd SW, Albuquerque, NM 87121Apply online • Pet friendly
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1 bd $9932 bd $1,1703 bd $1,366Total monthly cost4.0 (4)7810 Paseo 550 Dr NE, Rio Rancho, NM 87144Apply online • Pet friendly
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1 bd $995+2 bd $1,420+Base rent4.0 (28)8401 Spain Road NE, Albuquerque, NM 87111Apply online • Pet friendly
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1 bd $995+2 bd $1,325+Base rent5222 Wyoming Boulevard NE, Albuquerque, NM 87111Apply online • Pet friendly
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&cropxunits=300&cropyunits=200&width=480&quality=90 "Dining View")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Model Kitchen")
.jpg?crop=(0,0,300,200)&cropxunits=300&cropyunits=200&width=480&quality=90 "Furnished Bedroom")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Model Living Room")
.jpg?crop=(0,0,291,200)&cropxunits=300&cropyunits=200&width=480&quality=90 "Pool")
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.jpg?width=480&quality=90 "a living room with a couch and a coffee table")
.jpg?width=480&quality=90 "a kitchen with stainless steel appliances and white cabinets")
.jpg?width=480&quality=90 "a bedroom with a bed and a ceiling fan")
.jpg?width=480&quality=90 "the swimming pool at our apartments")
.jpg?width=480&quality=90 "Conference Area")
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1 bd $1,000+2 bd $1,200+Base rent3.5 (36)12 Country Club Rd, Santa Teresa, NM 88008Apply online • Pet friendly
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1 bd $1,0292 bd $1,095+Total monthly cost4.5 (12)7780 Paseo 550 Dr NE, Rio Rancho, NM 87144Apply online • Pet friendly
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1 bd $1,0292 bd $1,374+Base rent5.0 (1)1919 Ladera Drive NW, Albuquerque, NM 87120Apply online • Pet friendly
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1 bd $1,029+2 bd $1,2343 bd $1,426+Base rent3.0 (4)3901 Lafayette Dr NE, Albuquerque, NM 87107Apply online • Pet friendly
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Studio $1,045+1 bd $1,149+2 bd $1,224+Base rent3.5 (27)6401 Academy Road NE, Albuquerque, NM 87109Apply online • Pet friendly
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2 bd $1,0643 bd $1,155+Base rent4.0 (2)8900 Second St. NW, Albuquerque, NM 87114Pet friendly
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1 bd $1,070+2 bd $1,265Base rent4.0 (13)2201 Ambassador Road NE, Albuquerque, NM 87112Apply online • Pet friendly
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1 bd $1,100+2 bd $1,495+3 bd $1,610+Total monthly cost4.0 (15)1501 Tramway Blvd. NE, Albuquerque, NM 87112Apply online • Pet friendly
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Only 1 unit leftStudio $1,200Base rent308 E & 310 E Hwy 66Th, Gallup, NM 87301Apply online -
1 bd $1,2002 bd $1,400Base rent506 W Orchard Ln, Carlsbad, NM 88220Apply online • Pet friendly
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2 bd $1,229+3 bd $1,229+Base rent3.5 (3)12145 State Hwy 14 North, Cedar Crest, NM 87008Apply online • Pet friendly
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1 bd $1,260+2 bd $1,516Total monthly cost4.5 (16)900 Country Club, Rio Rancho, NM 87124Apply online • Pet friendly
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1 bd $1,2802 bd $1,520Base rent3.5 (13)4101 Meadowlark Lane SE, Rio Rancho, NM 87124Apply online • Pet friendly
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1 bd $1,3002 bd $1,700Base rent601 W Orchard Ln, Carlsbad, NM 88220Apply online • Pet friendly
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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 $441 and $3,328.
How many cheap rentals are available in New Mexico on RentCafe?
There are 228 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 16 May 2026.
What is the average size of a cheap apartment in New Mexico?
The average New Mexico cheap apartment size is 740 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.