Apartments for Rent in New Mexico under $700
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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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Only 2 units left1 bd $600+2 bd $525+Base rent5.0 (2)235 W. Madrid Avenue, Las Cruces, NM 88005Apply online -
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 -
1 bd $675Base rent4908 Burton Ave SE, Albuquerque, NM 87108Cat friendly • Dishwasher • Air conditioner
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1 bd $550Base rent18 Sage Avenue, Alamogordo, NM 88311Air conditioner
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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 27 Jun 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 Altitude at Vizcaya.
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.
Renting apartments in New Mexico under $700
Searching for apartments for rent in New Mexico under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In New Mexico, where the average rent is $655 per month, there are 12 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in New Mexico. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in New Mexico going for $200 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.