Apartments for Rent in New Mexico under $1500
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1 bd $1,340+Base rent4.5 (26)201 Pinnacle Drive SE, Rio Rancho, NM 87124Apply online • Pet friendly
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1 bd $1,415+Base rent3.5 (24)8300 Wyoming Boulevard NE, Albuquerque, NM 87113Apply online • Pet friendly • Dishwasher
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1 bd $920+2 bd $1,295+Base rent4.0 (28)8401 Spain Road NE, Albuquerque, NM 87111Apply online • Pet friendly
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1 bd $1,420+Base rent4.0 (30)2500 Sawmill Road, Santa Fe, NM 87505Apply online • Pet friendly
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1 bd $9452 bd $1,077Base rent4.0 (92)5600 Gibson Blvd. SE, Albuquerque, NM 87108Apply online • Pet friendly • Parking
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1 bd $928+2 bd $1,087Base rent4.5 (40)3011 Jane Pl NE, Albuquerque, NM 87111Apply online • Pet friendly • Parking
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Studio $8221 bd $964Base rent3.5 (7)1201 Madeira Dr. SE, Albuquerque, NM 87108Apply online • Pet friendly • Pool
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1 bd $1,272+2 bd $1,309+Total monthly cost4.0 (43)9180 Coors Blvd, NW, Albuquerque, NM 87120Apply online • Pet friendly • Parking
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1 bd $1,389+Base rent4.5 (11)4129 S. Meadows Road, Santa Fe, NM 87507Apply online • Pet friendly • Parking
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1 bd $1,270+Base rent3.5 (14)9270 Eagle Ranch Road NW, Albuquerque, NM 87114Apply online • Pet friendly • Parking
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1 bd $967+2 bd $1,222+3 bd $1,450+Base rent4.5 (1)8200 Bridge Blvd SW, Albuquerque, NM 87121Apply online • Pet friendly • Fitness center
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1 bd $1,340+Base rent4.5 (26)201 Pinnacle Drive SE, Rio Rancho, NM 87124Apply online • Pet friendly
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1 bd $990+2 bd $1,270+Base rent4.0 (13)2201 Ambassador Road NE, Albuquerque, NM 87112Apply online • Pet friendly • Parking
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1 bd $1,190+2 bd $1,372+Total monthly cost4.5 (12)7600 Montgomery Boulevard NE, Albuquerque, NM 87109Apply online • Pet friendly • Fitness center
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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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1 bd $1,195+2 bd $1,399+Total monthly cost5800 Eubank Blvd NE, Albuquerque, NM 87111Apply online • Pet friendly • Fitness center
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1 bd $1,415+Base rent3.5 (24)8300 Wyoming Boulevard NE, Albuquerque, NM 87113Apply online • Pet friendly • Dishwasher
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1 bd $965+2 bd $1,135+Base rent4.0 (39)10000 Menaul Boulevard NE, Albuquerque, NM 87112Apply online • Pet friendly • Pool
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Studio $1,222+1 bd $1,385+Total monthly cost4.0 (17)10600 Cibola Loop NW, Albuquerque, NM 87114Apply online • Pet friendly • Parking
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1 bd $1,280+Base rent4.5 (10)7100 Louisiana Blvd NE, Albuquerque, NM 87109Apply online • Pet friendly • Parking
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Studio $966+1 bd $1,109+2 bd $1,285+Total monthly cost4.0 (21)4401 Morris Street NE, Albuquerque, NM 87111Apply online • Pet friendly • Fitness center
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1 bd $920+2 bd $1,295+Base rent4.0 (28)8401 Spain Road NE, Albuquerque, NM 87111Apply online • Pet friendly
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Studio $1,222+1 bd $1,385+Total monthly cost10600 Cibola Loop NW, Albuquerque, NM 87114Apply online • Pet friendly • Parking
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Studio $756+1 bd $1,023+2 bd $1,205+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+2 bd $1,257+Total monthly cost4.0 (21)12021 Skyline Road NE, Albuquerque, NM 87123Apply online • Pet friendly • Pool
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&cropxunits=800&cropyunits=533&width=480&quality=90 "Dining Room")
.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")
.jpg?width=480&quality=90 "Clubhouse")
.jpg?width=480&quality=90 "a gazebo with trees and grass in the background")
&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")
&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")
.jpg?width=480&quality=90 "Clubroom")
.jpg?width=480&quality=90 "Club House Kitchen")
&cropxunits=800&cropyunits=600&srotate=0&width=480&quality=90 "Talavera Apartments Leasing Office")
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.jpg?width=480&quality=90 "Modern Kitchen")
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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 21 Jun 2026.
What are the best apartments in New Mexico?
The best apartments in New Mexico are: Broadstone Towne Center, Altezza High Desert, Links at High Resort, Arterra and Acacia Gardens.
What type of rental buildings are in New Mexico?
In New Mexico, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of New Mexico's rentals, 44% are small-scale complexes with under 50 units, and 34% are single-family rentals.
Search for apartments in New Mexico under $1,500
There’s more than one way to spend $1,500 on rent in New Mexico, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $1,500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.
The perfect $1,500 rental near you
Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in New Mexico. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 179 apartments for rent below $1,500 in New Mexico for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.