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Apartments for Rent in New Mexico under $700


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  • Rent specials 5 units available
    Studio $562+
    Total monthly cost
    Verified Listing

    Desert Creek Apartments

    3.5 (6)
    4300 Pan American FWY NE, Albuquerque, NM 87107
    Apply online • Pet friendly • Fitness center
  • 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
  • 1 bd $526+
    Total monthly cost
    Verified Listing

    Valle De Atrisco

    4.0 (11)
    9901 Ceja Vis Rd SW, Albuquerque, NM 87121
    Apply online • Pet friendly • Fitness center
  • 6 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
    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
  • 8-0-state

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Frequently asked questions

What are the best apartments in New Mexico?
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.

Apartments in New Mexico under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 21 apartments for rent in New Mexico on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in New Mexico is 744 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.