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Apartments for Rent in New Mexico under $700

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  • Only 2 units left
    Studio $680
    Base rent
    Verified Listing

    Saddlecreek Apartments

    4.5 (3)
    1901 S. Sunset Ave., Roswell, NM 88203
    Apply online • Pet friendly
  • 5 units available
    1 bd $645+
    Base rent
    Verified Listing

    4901 San Mateo Lane NE

    4.0 (29)
    4901 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • 1 bd $640
    2 bd $680
    Base rent
    Verified Listing

    THE COURTYARD APARTMENT HOMES

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

    Sandia Vista Apt.

    901 Tramway Blvd. NE, Albuquerque, NM 87123
    In unit laundry • Patio/Balcony • Large Closets
  • Ask for pricing
    Verified Listing

    La Vida Nueva Apt.

    1200 Dickerson SE, Albuquerque, NM 87106
    Air conditioner • Wheelchair Access
  • Ask for pricing
    Income restricted
    Verified Listing

    Plaza David Chavez

    2821 Mountain RD, NW, Albuquerque, NM 87104
    Wheelchair Access
  • 6-0-state
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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 29 Aug 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 11 apartments for rent in New Mexico from 6 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 $640 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.