Apartments for Rent in New Mexico under $1200
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1 bd $1,010+Base rent4.0 (28)8401 Spain Road NE, Albuquerque, NM 87111Apply online • Pet friendly
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Studio $8221 bd $9422 bd $1,098Base rent3.5 (7)1201 Madeira Dr. SE, Albuquerque, NM 87108Apply online • Pet friendly • Pool
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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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Studio $969+Base rent4.5 (47)9125 Copper Ave NE, Albuquerque, NM 87123Apply online • Pet friendly
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1 bd $1,054Base rent4.5 (39)3501 Atrisco Drive NW, Albuquerque, NM 87120Apply online • Pet friendly • Fitness center
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1 bd $1,193+Total monthly cost4.5 (13)7600 Montgomery Boulevard NE, Albuquerque, NM 87109Apply online • Pet friendly • Fitness center
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1 bd $1,087Total monthly cost4.0 (22)5324 San Mateo Blvd. NE, Albuquerque, NM 87109Apply online • Pet friendly • Parking
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1 bd $1,010+Base rent4.0 (28)8401 Spain Road NE, Albuquerque, NM 87111Apply online • Pet friendly
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1 bd $1,030+2 bd $1,190+Base rent3.0 (16)6001 Topke Place NE, Albuquerque, NM 87109Apply online • Pet friendly • Fitness center
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Studio $857+1 bd $1,023+Total monthly cost3.5 (39)801 Locust Place NE, Albuquerque, NM 87102Apply online • Pet friendly • Fitness center
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1 bd $1,013+Total monthly cost4.0 (22)12021 Skyline Road NE, Albuquerque, NM 87123Apply online • Pet friendly • Pool
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Studio $946+1 bd $1,084+Total monthly cost4.0 (21)4401 Morris Street NE, Albuquerque, NM 87111Apply online • Pet friendly • Fitness center
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Studio $8221 bd $9422 bd $1,098Base rent3.5 (7)1201 Madeira Dr. SE, Albuquerque, NM 87108Apply online • Pet friendly • Pool
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Studio $754+1 bd $899+Base rent3.5 (9)4501 Shepard Road NE, Albuquerque, NM 87110Apply online • Pet friendly • Fitness center
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Studio $725+1 bd $1,108+Total monthly cost3.5 (6)4300 Pan American FWY NE, Albuquerque, NM 87107Apply online • Pet friendly • Fitness center
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Studio $850Base rent4.0 (18)760 Juan Tabo Blvd NE, Albuquerque, NM 87123Apply online • Pet friendly • In unit laundry
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Studio $999+1 bd $1,150+Base rent3.5 (27)6401 Academy Road NE, Albuquerque, NM 87109Apply online • Pet friendly • Parking
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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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2 bd $1,0313 bd $1,184+Base rent4.0 (16)820 Louisiana Blvd Unit, Albuquerque, NM 87108Apply online • Pet friendly • Pool
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1 bd $995+2 bd $1,135+Base rent4.0 (39)10000 Menaul Boulevard NE, Albuquerque, NM 87112Apply online • Pet friendly • Pool
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1 bd $1,099+Base rent4.0 (8)3131 Adams Street NE, Albuquerque, NM 87110Apply online • Pet friendly • Pool
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Studio $1,197Total monthly cost4.5 (16)900 Country Club, Rio Rancho, NM 87124Apply online • Pet friendly • Fitness center
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1 bd $749+2 bd $1,075+Base rent12720 Central Ave SE, Albuquerque, NM 87123Apply online • Pet friendly • Parking
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1 bd $995+Base rent5222 Wyoming Boulevard NE, Albuquerque, NM 87111Apply online • Pet friendly • Fitness center
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1 bd $899+2 bd $1,105+Base rent4.5 (16)3400 Wyoming Blvd, Albuquerque, NM 87111Apply online • Pet friendly • Fitness center
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Frequently asked questions
When were prices and availability in New Mexico last updated?
Prices and availability in New Mexico were last updated on 3 Aug 2026.
What are the best apartments in New Mexico?
The best apartments in New Mexico are: Broadstone Towne Center, Arterra, Links at High Resort, Altezza High Desert and Vizcaya.
What type of rental buildings are in New Mexico?
In New Mexico 30% of the housing is rented out compared to 70% of homes are owned, according to the most recent Census Bureau estimates. 10% of New Mexico's apartments are found in large buildings of 50 units or more, 44% are located in smaller apartment complexes with less than 50 units, and 34% are single-family rentals.
Renting apartments in New Mexico under $1,200
Searching for apartments for rent in New Mexico under $1,200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In New Mexico, where the average rent is $1,143 per month, there are 478 units available for less than $1,200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in New Mexico. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in New Mexico going for $725 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.