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Apartments for Rent in New Mexico under $1500

1,098 Rentals Available
Apartments for Rent in New Mexico under $1500. 1,098 Rentals Available
  • 98
    Top Rated for Location
    Rent Specials
    a kitchen with stainless steel appliances and white cabinets at Acacia Gardens, Albuquerque, NM, 87111 a bedroom with a bed and a ceiling fan at Acacia Gardens, New Mexico, 87111
    4.0
    Today

    8401 Spain Road NE, Albuquerque, NM 87111
    Available
    1 BED $930+
    2 BEDS $1,305+
    a kitchen with stainless steel appliances and white cabinets at Acacia Gardens, Albuquerque, NM, 87111 a bedroom with a bed and a ceiling fan at Acacia Gardens, New Mexico, 87111 the swimming pool at our apartments at Acacia Gardens, Albuquerque, NM Conference Area at Acacia Gardens, Albuquerque, NM
    Property reviews
    5/5 Jaron F. on Aug 28, 2025

    I have really enjoyed living here, the area is great and its very quiet.

    5/5 Anonymous on Dec 2, 2024

    Acacia Gardens looks great. Very clean and quiet

  • 25
    Top Rated for Location
    Rent Specials
    a kitchen with stainless steel appliances and wooden cabinets at Altezza High Desert, Albuquerque the bedroom of a home with a bed and a ceiling fan at Altezza High Desert, Albuquerque, New Mexico
    4.0
    Today

    6000 NE Cortaderia Street, Albuquerque, NM 87111
    Available
    1 BED $1,395+
    a kitchen with stainless steel appliances and wooden cabinets at Altezza High Desert, Albuquerque the bedroom of a home with a bed and a ceiling fan at Altezza High Desert, Albuquerque, New Mexico the swimming pool at Altezza High Desert a gym with treadmills and other exercise equipment at Altezza High Desert, New Mexico
    Property reviews
    5/5 Anonymous on Sep 12, 2025

    Only lived here for a few weeks and I already am very happy here. I absolutely love the location and amenities.

    5/5 Angelique G. on Nov 2, 2023

    I love living at Altezza High Desert. It has amazing views of the Sandias and beutiful landscape and homes all around. There is plenty to do from going on a nice walk and feeling like you’re in nature or going to the park and playing tennis.

  • 33
    Resident Rated
    Rent Specials
    Dining and living room at Arterra, Albuquerque, New Mexico, 87113 Large Bedroom at Arterra, New Mexico
    3.5
    Today

    8300 Wyoming Boulevard NE, Albuquerque, NM 87113
    Available
    1 BED $1,390+
    2 BEDS $1,495+
    Dining and living room at Arterra, Albuquerque, New Mexico, 87113 Large Bedroom at Arterra, New Mexico Dining room at Arterra, Albuquerque, 87113 Pool and spa at Arterra, Albuquerque, 87113
    Property reviews
    5/5 Anonymous on Jul 19, 2025

    Great Location, Amenities, and Staff- The pool and workout room sre kept tip top. The staff is super cheerful.

    5/5 Anonymous on Mar 29, 2025

    We love the property, it is nice location and very close to everything

  • 15
    Resident Rated
    Rent Specials
    Clubhouse at Vizcaya, Santa Fe Bedroom at Vizcaya, Santa Fe, 87505
    4.0
    Today

    2500 Sawmill Road, Santa Fe, NM 87505
    Available
    1 BED $1,330+
    Clubhouse at Vizcaya, Santa Fe Bedroom at Vizcaya, Santa Fe, 87505 Swimming Pool at Vizcaya, New Mexico a gazebo with trees and grass in the background at Vizcaya, Santa Fe, New Mexico
    Property reviews
    5/5 Jared on May 1, 2025

    Quiet and peaceful apartments. Great move in experience. All staff here are very professional and friendly. Maintenance requests are handled promptly. Neighbors are friendly and many pet owners in the complex.

    5/5 Ana M. on Apr 4, 2025

    As i signed the lease today and not yet actually moved in. I can say that its a good location from my workplace and it seems a quiet neighborhood.

  • 150
    Top Rated for Location
    Rewards
    Furnished Dining Room Furnished Bedroom
    4.5
    Today

    3011 Jane Pl NE, Albuquerque, NM 87111
    Available
    1 BED $934+
    2 BEDS $1,096
    Furnished Dining Room Furnished Bedroom Pool Retreat at Candelaria Apartments Monument Sign
    Property reviews
    5/5 Michelle G. on Sep 17, 2025

    It has been a pleasant experience living here so far. We've been here a month and are very impressed by the promptness and attention to detail everyone seems to have.

    5/5 Eric C. on Sep 5, 2023

    Adam in mantainance is awesome he has helped me with many issues ????

  • 28
    Resident Rated
    Rewards
    this is a photo of the leasing office at park ridge apartments in cincinnati, oh a building with a blue awning in front of a street
    3.5
    Today

    1201 Madeira Dr. SE, Albuquerque, NM 87108
    Available
    1 BED $942
    2 BEDS $1,098
    this is a photo of the leasing office at park ridge apartments in cincinnati, oh a building with a blue awning in front of a street a building with a blue awning in front of a street a walkway leading to a pool at the whispering winds apartments in pearland, tx
    Property reviews
    5/5 Jo M. on Aug 30, 2024

    I have really enjoyed living here and told many of my friends about Somerset Park

    4/5 Eric L. on Apr 4, 2024

    For being located in a rougher area, this apartment is clean and quiet.

  • a living room with a fireplace and a table and chairs
    17
    Today

    9270 Eagle Ranch Road NW, Albuquerque, NM 87114
    1 BED $1,244+
    2 BEDS $1,499+
  • a living room with a fireplace and a wooden table
    32
    Today

    4601 Montano Road NW, Albuquerque, NM 87120
    1 BED $1,149+
    2 BEDS $1,219+
  • a living room with a couch and a table with chairs
    18
    Today

    10700 Academy Road NE, Albuquerque, NM 87111
    1 BED Ask for Pricing
  • a living room with a wooden desk and two wicker chairs
    9
    Today

    4129 S. Meadows Road, Santa Fe, NM 87507
    1 BED $1,359+
  • a living room with a couch and a coffee table
    98
    Today

    8401 Spain Road NE, Albuquerque, NM 87111
    1 BED $930+
    2 BEDS $1,305+
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  • an empty playground in front of an apartment building
    38
    Today

    1200 Dickerson SE, Albuquerque, NM 87106
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a park with a playground and a tree
    23
    Today

    901 Tramway Blvd. NE, Albuquerque, NM 87123
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room and dining room with a couch and a table
    13
    Today

    3608 Ladera Drive NW, Albuquerque, NM 87120
    1 BED $1,129+
    2 BEDS $1,399+
  • a living room and dining room with a table and chairs
    80
    Today

    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    1 BED $849+
    2 BEDS $989+
  • a living room with a couch and a ceiling fan
    25
    Today

    6000 NE Cortaderia Street, Albuquerque, NM 87111
    1 BED $1,395+
  • a living room with a couch and a table
    65
    Today

    3501 Atrisco Drive NW, Albuquerque, NM 87120
    1 BED $1,004
    2 BEDS $1,309+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • a living room with a couch and chairs and a desk
    39
    Today

    2201 Ambassador Road NE, Albuquerque, NM 87112
    1 BED $1,065
    2 BEDS $1,230
  • a living room with a couch and a coffee table
    28
    Today

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    1 BED $1,040+
    2 BEDS $1,199+
  • A living room with a couch, two chairs, a coffee table, and a painting on the wall.
    8
    Today

    4000 La Carrera, Santa Fe, NM 87507
    1 BED $1,299+
    2 BEDS $1,479+
  • Kitchen | Arterra
    33
    Today

    8300 Wyoming Boulevard NE, Albuquerque, NM 87113
    1 BED $1,390+
    2 BEDS $1,495+
  • a living room with couches and chairs and a table
    15
    Today

    3405 Calle Cuervo NW, Albuquerque, NM 87114
    1 BED $1,079+
    2 BEDS $1,474+
  • A house with a grey and white exterior and an American flag hanging on the front.
    Today

    8900 Second St. NW, Albuquerque, NM 87114
    2 BEDS $1,064
    3 BEDS $1,155+
  • A kitchen with wooden cabinets and white appliances.
    Today

    12 Country Club Rd, Santa Teresa, NM 88008
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A living room with a glass table and a sofa.
    68
    Today

    3400 Wyoming Blvd, Albuquerque, NM 87111
    1 BED $980+
    2 BEDS $1,160+
153-0-state
You viewed 378 of 1098 rentals.

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Getting around in New Mexico, NM

15 /100
Somewhat Bikeable
Bike Score®: 15

Frequently asked questions

When were prices and availability in New Mexico last updated?

Prices and availability in New Mexico were last updated on 24 Nov 2025.

What are the best apartments in New Mexico?

The best apartments in New Mexico are: Acacia Gardens, Altezza High Desert, Altitude at Vizcaya, Arterra and Links at High Resort.

What type of rental buildings are in New Mexico?

In New Mexico 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 9% of New Mexico’s apartments are found in large buildings of 50 units or more, 43% are located in smaller apartment complexes with less than 50 units, and 36% are single-family rentals.

Your search for apartments in New Mexico under $1,500 stops here

Finding apartments for rent in New Mexico for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 1,098 available units in New Mexico, renting for under $1,500. On average, $1,290 can get you 840 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 $1,500” 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 $1,500 in New Mexico goes for $525 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.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!