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Apartments for Rent in New Mexico under $700

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When were prices and availability in New Mexico last updated?

Prices and availability in New Mexico were last updated on 1 Nov 2026.

What are the best apartments in New Mexico?
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.

Your search for apartments in New Mexico under $700 stops here

Finding apartments for rent in New Mexico for less than $700 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 28 available units in New Mexico, renting for under $700. On average, $740 can get you 745 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $700” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $700 in New Mexico goes for $500 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.