Apartments for Rent in New Mexico under $700
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Studio $561+Total monthly cost3.5 (6)4300 Pan American FWY NE, Albuquerque, NM 87107Apply online • Pet friendly • Fitness center
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Studio $125Base rent4.0 (1)1320 Avenida De Mesilla, Las Cruces, NM 88005Apply online • Pet friendly
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1 bd $645+Base rent4.0 (29)4901 San Mateo Lane NE, Albuquerque, NM 87109Apply online • Pet friendly
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Ask for pricing125 Cardenas NE, Albuquerque, NM 87108Cat friendly • In unit laundry • Air conditioner
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1 bd $6402 bd $680Base rent6001 Topke Place NE, Albuquerque, NM 87109Pet friendly • Fitness center • Pool
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Ask for pricing901 Tramway Blvd. NE, Albuquerque, NM 87123In unit laundry • Patio/Balcony • Large Closets
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Ask for pricing1200 Dickerson SE, Albuquerque, NM 87106Air conditioner • Wheelchair Access
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Ask for pricingIncome restricted2821 Mountain RD, NW, Albuquerque, NM 87104Wheelchair Access
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2 bd $600Base rent4.5 (4)909-917 E. Buena Vista, Gallup, NM 87301 -
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Studio $200Base rent855 W Picacho Avenue, Las Cruces, NM 88005Pet friendly
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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 18 Jul 2026.
What are the best apartments in New Mexico?
The best apartments in New Mexico are: Broadstone Towne Center, Links at High Resort, Altezza High Desert, Arterra and Vizcaya.
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.
Renting apartments in New Mexico under $700
Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 13 apartments for rent in New Mexico from 10 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $700, and make the most out of your budget.
Finding the best rental near you
New Mexico is an amazing place to call home, with several rentals under $700 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $125 in New Mexico, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.