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Cheap Apartments for Rent in New Mexico

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  • Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100

  • Apartments Under $600

  • New Units Available
    1 bd $530+
    2 bd $1,313
    Total monthly cost
    Verified Listing

    Ceja Vista Senior Apartments

    4.0 (1)
    10001 Ceja Vista Rd SW, Albuquerque, NM 87121
    Pet friendly • Fitness center • In unit laundry

  • Apartments Under $700

  • 2 bd $600
    Base rent
    Verified Listing

    909-917 E. Buena Vista

    4.5 (4)
    909-917 E. Buena Vista, Gallup, NM 87301
  • 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
  • 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
    Pet friendly
  • Rent specials New Units Available
    1 bd $649+
    2 bd $880
    Base rent
    Verified Listing

    Saddlecreek Apartments

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

  • Apartments Under $800

  • Rent specials New Units Available
    Studio $749
    1 bd $799+
    2 bd $1,090+
    Base rent
    Verified Listing

    Encanto Lofts Apartments

    3.5 (9)
    4501 Shepard Road NE, Albuquerque, NM 87110
    Pet friendly • Fitness center • Patio/Balcony
  • 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
    Dog friendly
  • Studio $750+
    1 bd $955
    Base rent
    Verified Listing

    Rock Creek

    4.5 (5)
    3135 Comanche Rd NE, Albuquerque, NM 87107
    Pet friendly • Fitness center • Pool
  • New Units Available
    Studio $751+
    1 bd $951+
    2 bd $1,144+
    Total monthly cost
    Verified Listing

    Union 505

    3.5 (39)
    801 Locust Place NE, Albuquerque, NM 87102
    Pet friendly • Fitness center • Dishwasher
  • Studio $775
    Base rent
    Verified Listing

    San Mateo Suites

    4.0 (29)
    5001 San Mateo Lane NE, Albuquerque, NM 87109
    Pet friendly

  • Apartments Under $900

  • Rent specials
    Studio $802+
    2 bd $1,118+
    Total monthly cost
    Verified Listing

    Comanche Wells

    3400 Comanche Road NE, Albuquerque, NM 87107
    Pet friendly
  • 1 bd $816
    Base rent
    Verified Listing

    White Oak Apartments

    5.0 (8)
    1201 Madeira Dr. SE, Albuquerque, NM 87108
    Cat friendly • Patio/Balcony • Air conditioner
  • 1 bd $850
    2 bd $950
    Base rent
    Verified Listing

    1221 Silver Ave SW

    4.0 (10)
    1221 Silver Ave SW, Albuquerque, NM 87102
    Pet friendly
  • Rent specials New Units Available
    1 bd $875+
    2 bd $1,025+
    Base rent
    Verified Listing

    Whispering Sands

    12720 Central Ave SE, Albuquerque, NM 87123
    Pet friendly • Parking • Fitness center
  • Rent specials New Units Available
    1 bd $899+
    2 bd $1,135+
    Base rent
    Verified Listing

    Mission Hill Apartments

    4.0 (39)
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    Pet friendly • Pool • Dishwasher
  • Rent specials New Units Available
    1 bd $899+
    2 bd $1,330+
    Base rent
    Verified Listing

    Wyoming Place Apartments

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    Pet friendly • Fitness center • Pool
  • Rent specials New Units Available
    1 bd $899+
    2 bd $1,195+
    3 bd $1,720+
    Base rent
    Verified Listing

    Sedona Ridge

    4.5 (16)
    3400 Wyoming Blvd, Albuquerque, NM 87111
    Pet friendly • Fitness center • Pool
  • Rent specials
    Studio $899+
    1 bd $1,150+
    2 bd $1,199+
    Base rent
    Verified Listing

    Villas De La Terraza

    3.5 (27)
    6401 Academy Road NE, Albuquerque, NM 87109
    Pet friendly • Parking • Fitness center

  • Apartments Under $1,000

  • Rent specials New Units Available
    1 bd $900+
    2 bd $1,201
    Base rent
    Verified Listing

    Peaks At Sandia View

    3.0 (2)
    1501 Indian School Road NE, Albuquerque, NM 87102
    Pet friendly • Parking
  • New Units Available
    Studio $923+
    1 bd $907+
    2 bd $1,122+
    Total monthly cost
    Verified Listing

    Tierra Pointe

    6801 Los Volcanes Road NW, Albuquerque, NM 87121
    Pet friendly
  • 1 bd $925
    2 bd $1,120
    Base rent
    Verified Listing

    Sun Ridge Village

    3.5 (10)
    2330 Nevada Ave, Las Cruces, NM 88001
    Pet friendly • Pool • Dishwasher
  • Rent specials
    1 bd $943
    2 bd $1,248+
    3 bd $1,545
    Total monthly cost
    Verified Listing

    Arrowhead Pointe

    4.0 (24)
    12021 Skyline Road NE, Albuquerque, NM 87123
    Pet friendly • Pool • Dishwasher
  • Rent specials New Units Available
    Studio $949+
    1 bd $1,199+
    2 bd $1,525
    Base rent
    Verified Listing

    Los Altos Towers

    4.5 (47)
    9125 Copper Ave NE, Albuquerque, NM 87123
    Pet friendly
  • 1 bd $950
    2 bd $1,150+
    Total monthly cost
    Verified Listing

    Casa De Sierra Senior Apartments

    3.5 (7)
    200 Valencia Dr SE, Albuquerque, NM 87108
    Pet friendly • Parking • Fitness center
  • Rewards New Units Available
    1 bd $969+
    2 bd $1,137+
    Base rent
    Verified Listing

    The Retreat At Candelaria

    4.5 (40)
    3011 Jane Pl NE, Albuquerque, NM 87111
    Pet friendly • Parking • Pool
  • Rent specials New Units Available
    1 bd $970+
    2 bd $1,200+
    Base rent
    Verified Listing

    Acacia Gardens

    4.0 (29)
    8401 Spain Road NE, Albuquerque, NM 87111
    Pet friendly
  • New Units Available
    1 bd $975+
    Base rent
    Verified Listing

    Arlo Apartments

    4.5 (2)
    8911 Northeastern Blvd NE, Albuquerque, NM 87112
    Pet friendly • Fitness center • Pool
  • Rewards New Units Available
    1 bd $999
    2 bd $1,173
    Base rent
    Verified Listing

    Somerset Park

    3.5 (7)
    1201 Madeira Dr. SE, Albuquerque, NM 87108
    Pet friendly • Pool • Dishwasher

  • Apartments Under $1,100

  • Studio $1,000
    1 bd $1,200
    2 bd $1,400+
    Base rent
    Verified Listing

    760 Juan Tabo

    3.5 (20)
    760 Juan Tabo Blvd NE, Albuquerque, NM 87123
    Pet friendly • Dishwasher • Patio/Balcony
  • Rewards New Units Available
    1 bd $1,010+
    2 bd $1,152+
    Base rent
    Verified Listing

    The Pearl At Spring Creek

    4.0 (92)
    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    Pet friendly • Parking • Pool
  • 2 bd $1,025
    Base rent
    Verified Listing

    Cedar Crest Apartments

    4.5 (3)
    220 Nizhoni Blvd, Gallup, NM 87301
  • Rent specials New Units Available
    1 bd $1,030+
    2 bd $1,099+
    3 bd $1,585+
    Base rent
    Verified Listing

    Norte Villas Apartments

    3.0 (17)
    6001 Topke Place NE, Albuquerque, NM 87109
    Pet friendly • Fitness center • Pool
  • Ask for pricing
    Verified Listing

    Generations At West Mesa

    4.0 (7)
    5710 Avalon Road NW, Albuquerque, NM 87105
    Pet friendly
  • 1 bd $1,054
    2 bd $1,257
    3 bd $1,445
    Total monthly cost
    Verified Listing

    Village At Avalon

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

    Valle Grande

    4.0 (2)
    8900 Second St. NW, Albuquerque, NM 87114
    Dog friendly • Dishwasher • Air conditioner
  • Rent specials New Units Available
    1 bd $1,085+
    2 bd $1,234
    3 bd $1,534+
    Base rent
    Verified Listing

    Villa Esperanza

    3.0 (4)
    3901 Lafayette Dr NE, Albuquerque, NM 87107
    Pet friendly • Dishwasher • Patio/Balcony
  • Rent specials
    1 bd $1,090+
    2 bd $1,280+
    Base rent
    Verified Listing

    La Vida Buena Apartments

    4.0 (13)
    2201 Ambassador Road NE, Albuquerque, NM 87112
    Pet friendly • Parking • Fitness center
  • 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 (11)
    9901 Ceja Vis Rd SW, Albuquerque, NM 87121
    Pet friendly • Fitness center • Pool
  • New Units Available
    1 bd $1,094
    2 bd $1,304
    3 bd $1,506
    Total monthly cost
    Verified Listing

    550 Paseo

    4.0 (5)
    7810 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Pet friendly • Fitness center • Pool
  • 1 bd $1,096
    2 bd $1,250+
    Total monthly cost
    Verified Listing

    Casa De Encantada Senior Apartments

    4.5 (14)
    7780 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Pet friendly • Fitness center • In unit laundry
  • 1 bd $1,129
    3 bd $1,499
    Base rent
    Verified Listing

    Rio Volcan

    5.0 (1)
    1919 Ladera Drive NW, Albuquerque, NM 87120
    Pet friendly • Fitness center • Pool
  • Rent specials New Units Available
    1 bd $1,134+
    2 bd $1,445+
    3 bd $1,580+
    Total monthly cost
    Verified Listing

    MOUNTAIN VISTA

    4.0 (15)
    1501 Tramway Blvd. NE, Albuquerque, NM 87112
    Pet friendly • Parking
  • Rent specials
    Studio $1,165+
    1 bd $1,225+
    2 bd $1,525+
    Base rent
    Verified Listing

    Blue Agave Villas

    3.5 (14)
    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    Pet friendly • Dishwasher • Air conditioner
  • New Units Available
    Studio $1,173
    2 bd $1,516
    Total monthly cost
    Verified Listing

    Entrada Pointe

    4.5 (18)
    900 Country Club, Rio Rancho, NM 87124
    Pet friendly • Fitness center • Pool
  • 1 bd $1,200
    2 bd $1,400
    Base rent
    Verified Listing

    Riverwood

    506 W Orchard Ln, Carlsbad, NM 88220
    Pet friendly • Parking • Pool
  • Studio $1,200
    Base rent
    Verified Listing

    308 E & 310 E Hwy 66th

    308 E & 310 E Hwy 66Th, Gallup, NM 87301
  • 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 New Units Available
    1 bd $1,249+
    2 bd $1,479+
    3 bd $1,619+
    Base rent
    Verified Listing

    Talavera Apartment Homes

    4.5 (11)
    4129 S. Meadows Road, Santa Fe, NM 87507
    Pet friendly • Parking • Fitness center
  • Rent specials
    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
    Pet friendly • Parking • Pool
  • 57-0-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 $600 and $3,780.

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

There are 270 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 31 Oct 2026.

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

The average New Mexico cheap apartment size is 724 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 57 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 $1,444 per month so any rental south of $1,155 would be considered cheap here. On RentCafe, New Mexico rents go as low as $530/mo.