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Cheap Apartments for Rent in New Mexico

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  • 4 units available
    1 bd $1,350+
    2 bd $1,500+
    3 bd $2,035+
    Base rent
    Verified Listing

    Avalon At Carlsbad

    4.0 (8)
    1907 San Jose Boulevard, Carlsbad, NM 88220
    Apply online • Pet friendly • Parking
  • Ask for pricing
    Verified Listing

    Zocalo Lofts

    4.0 (5)
    400 Coal Avenue, Albuquerque, NM 87102
    Pet friendly • Fitness center • In unit laundry
  • Ask for pricing
    Income restricted
    Verified Listing

    Ventana De Vida

    1500 Pacheco Street, Sante Fe, NM 87505
    Pet friendly • Fitness center • Dishwasher
  • 1 bd $850
    Base rent
    Verified Listing

    121 S 4th St, Unit 5

    121 S 4Th St., Raton, NM 87701
    Air conditioner
  • 1 bd $1,195
    Base rent
    Verified Listing

    27736 US Hwy 64, Unit A

    27736 US Hwy 64, Angel Fire, NM 87710
    Pet friendly
  • 58-0-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 4 Nov 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.