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Cheap Apartments for Rent in New Mexico

637 Rentals Available
Apartments Under $500 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100

Apartments Under $500

  • A kitchen with a black refrigerator, microwave, and dishwasher.
    Today

    10001 Ceja Vista Rd SW, Albuquerque, NM 87121
    1 BED $441+
    2 BEDS $1,141+

Apartments Under $700

  • A kitchen with a refrigerator and cabinets.
    12
    1 day ago

    4901 San Mateo Lane NE, Albuquerque, NM 87109
    1 BED $645+
    2 BEDS $950
  • a living room with a couch and a tv
    13
    4 days ago

    1901 S. Sunset Ave., Roswell, NM 88203
    STUDIO $690+
    1 BED $710
    2 BEDS $840

Apartments Under $800

  • a living room with a couch and a coffee table
    18
    7 days ago

    3400 Comanche Road NE, Albuquerque, NM 87107
    STUDIO $723+
    1 BED $1,099+
    2 BEDS $1,168+
  • an empty street with a building on the corner of a street
    1 day ago

    1036 Alvarado Drive Southeast, Albuquerque, NM 87108
    1 BED $755+
    2 BEDS $1,100
  • a living room with a couch and a glass coffee table
    97
    Today

    4501 Shepard Road NE, Albuquerque, NM 87110
    STUDIO $755+
    1 BED $865+
    2 BEDS $1,104
  • a living room with a couch and a coffee table
    8
    7 days ago

    6801 Los Volcanes Road NW, Albuquerque, NM 87121
    STUDIO $764+
    1 BED $970+
    2 BEDS $953+
  • a living room and kitchen with a couch and a table
    63
    Today

    121 Cardenas NE, Albuquerque, NM 87108
    1 BED $766
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  • a kitchen with white cabinets and a refrigerator and a sink
    26
    1 day ago

    5001 San Mateo Lane NE, Albuquerque, NM 87109
    STUDIO $775
  • the living room and dining area of an apartment with a couch and a table
    19
    1 day ago

    801 Locust Place NE, Albuquerque, NM 87102
    STUDIO $791+
    1 BED $997+
    2 BEDS $989+
  • A living room with a grey couch, a white coffee table, and a dining table with chairs.
    Today

    7601 Lomas Blvd NE, Albuquerque, NM 87110
    STUDIO $799
    1 BED Ask for Pricing
  • A modern kitchen with a stove top oven and a refrigerator.
    Today

    810 Eubank Blvd NE, Albuquerque, NM 87123
    STUDIO $799+
    1 BED $899

Apartments Under $900

  • the building where the apartment is being constructed
    1 day ago

    760 Juan Tabo Blvd NE, Albuquerque, NM 87123
    STUDIO $800+
    1 BED $950+
    2 BEDS $1,200+
  • a living room with a couch and a ceiling fan
    14
    1 day ago

    4300 Bryn Mawr Dr. NE, Albuquerque, NM 87107
    STUDIO $825+
    1 BED $1,500
    2 BEDS $1,600
  • a living room and dining room with a table and chairs
    80
    4 days ago

    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    1 BED $849+
    2 BEDS $989+
  • A kitchen with white appliances and a checkered floor.
    6
    1 day ago

    1221 Silver Ave SW, Albuquerque, NM 87102
    1 BED $850
    2 BEDS $950
  • a living room with a couch and chairs and a television
    75
    Today

    601 Coal Ave. SW, Albuquerque, NM 87102
    STUDIO $850
    1 BED $960
    2 BEDS $1,188
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  • a living room with two couches and a rug
    59
    Today

    3135 Comanche Rd NE, Albuquerque, NM 87107
    STUDIO $855
    1 BED $955
    2 BEDS $1,140
  • a living room and dining room with a table and a television
    82
    Rewards
    Today

    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    1 BED $889+
    2 BEDS $1,077+
  • A kitchen with white appliances and brown cabinets.
    Today

    3333 Majestic Ridge Rd, Las Cruces, NM 88011
    1 BED $895
    2 BEDS $995
    3 BEDS Ask for Pricing
  • a kitchen and living room with a sink and a dining room table
    9
    Today

    12720 Central Ave SE, Albuquerque, NM 87123
    1 BED $899+
    2 BEDS $1,075+
  • A kitchen with white cabinets and a black countertop.
    Today

    200 Valencia Dr SE, Albuquerque, NM 87108
    1 BED $899+
    2 BEDS $999+

Apartments Under $1,000

  • an open living room with a blue couch and a fireplace
    47
    Today

    2330 Nevada Ave, Las Cruces, NM 88001
    1 BED $925
    2 BEDS $1,105
  • 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 ????

  • 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 $935+
    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

  • 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 beige couch and a ceiling fan.
    29
    1 day ago

    12021 Skyline Road NE, Albuquerque, NM 87123
    1 BED $943+
    2 BEDS $1,187
    3 BEDS $1,517
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  • A living room with a grey couch and a television.
    Today

    8200 Bridge Blvd SW, Albuquerque, NM 87121
    1 BED $952
    2 BEDS $1,178+
    3 BEDS $1,359+
  • A kitchen area with a refrigerator and a counter.
    10
    Today

    601 90Th St NW, Albuquerque, NM 87121
    1 BED $956
    2 BEDS $1,141
    3 BEDS Ask for Pricing
  • a living room with furniture and a sliding glass door to a patio
    19
    Today

    8911 Northeastern Blvd NE, Albuquerque, NM 87112
    STUDIO Ask for Pricing
    1 BED $975+
    2 BEDS Ask for Pricing
  • A living room with a brown leather couch and a round table in the center.
    Today

    1501 Indian School Road NE, Albuquerque, NM 87102
    1 BED $975+
    2 BEDS $1,300+
  • a living room and dining room with a table and chairs
    18
    Today

    9125 Copper Ave NE, Albuquerque, NM 87123
    STUDIO $979+
    1 BED $1,124+
    2 BEDS $1,429+
  • A living room with a glass table and a sofa.
    68
    4 days ago

    3400 Wyoming Blvd, Albuquerque, NM 87111
    1 BED $980+
    2 BEDS $1,160+
    3 BEDS $1,650
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  • A kitchen with black cabinets and a black fridge.
    7
    Today

    9901 Ceja Vis Rd SW, Albuquerque, NM 87121
    1 BED $993
    2 BEDS $1,185
    3 BEDS Ask for Pricing
  • A living room with a green couch and a wooden coffee table.
    Today

    7780 Paseo 550 Dr NE, Rio Rancho, NM 87144
    1 BED $993
    2 BEDS $1,191
  • A living room with a large couch and a coffee table.
    9
    Today

    7810 Paseo 550 Dr NE, Rio Rancho, NM 87144
    1 BED $998
    2 BEDS $1,186
    3 BEDS $1,368

Apartments Under $1,100

  • a living room with a couch and a table
    65
    4 days ago

    3501 Atrisco Drive NW, Albuquerque, NM 87120
    1 BED $1,004
    2 BEDS $1,309+
  • a living room with a couch and a table
    66
    Today

    6001 Topke Place NE, Albuquerque, NM 87109
    1 BED $1,020
    2 BEDS $1,180+
    3 BEDS $1,575
  • a living room with a couch and a coffee table
    21
    Today

    3901 Lafayette Dr NE, Albuquerque, NM 87107
    1 BED $1,029+
    2 BEDS $1,099+
    3 BEDS $1,349+
  • A living room with a grey couch and a coffee table.
    Today

    6134 Fourth Street NW, Albuquerque, NM 87107
    STUDIO $1,035
    1 BED $1,099+
    2 BEDS $1,350
  • a living room with a couch and a coffee table
    28
    4 days ago

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    1 BED $1,040+
    2 BEDS $1,290+
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  • 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 white stove and oven in a kitchen with white cabinets.
    Today

    2553 E First Street, Alamogordo, NM 88310
    2 BEDS $1,075
    3 BEDS $1,305
  • a living room and dining room with a table and chairs
    43
    Today

    6401 Academy Road NE, Albuquerque, NM 87109
    STUDIO $1,125
    1 BED $1,099+
    2 BEDS $1,275+
  • A living room with a grey couch and a wooden coffee table.
    27
    1 day ago

    1919 Ladera Drive NW, Albuquerque, NM 87120
    1 BED $1,109
    2 BEDS $1,299+
    3 BEDS $1,559
  • a living room and dining room with a table and chairs
    11
    Today

    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    STUDIO $1,125+
    1 BED $1,280
    2 BEDS Ask for Pricing
  • A living room with a black metal railing and a bookshelf filled with books.
    13
    1 day ago

    900 Country Club, Rio Rancho, NM 87124
    STUDIO $1,173
    1 BED $1,260
    2 BEDS $1,516+
  • A road with a stone wall and trees on the side.
    Today

    12145 State Hwy 14 North, Cedar Crest, NM 87008
    2 BEDS $1,229+
    3 BEDS $1,229+
  • A living room with a grey couch and a coffee table.
    6
    4 days ago

    1907 San Jose Boulevard, Carlsbad, NM 88220
    1 BED $1,280+
    2 BEDS $1,430+
    3 BEDS $1,975+
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  • 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 $1,285+
    2 BEDS $1,525+
    3 BEDS $2,285+
    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.

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Getting around in New Mexico, NM

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Frequently asked questions

What is the price of a cheap apartment in New Mexico?

The price range of a cheap apartment is between $645 and $3,475.

How many cheap rentals are available in New Mexico on RentCafe?

There are 338 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 19 Nov 2025.

What is the average size of a cheap apartment in New Mexico?

The average New Mexico cheap apartment size is 716 sq. ft.

What are the advantages of renting a cheap apartment in New Mexico?

Cheap apartments in New Mexico are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in New Mexico?

A cheap apartment in New Mexico offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in New Mexico? With RentCafe, finding an affordable apartment in New Mexico has never been easier. We feature 637 low-priced rentals directly from property managers, with rents lower than the New Mexico average. What is a cheap rent in New Mexico? The average apartment rent in New Mexico is $1,406 per month so any rental south of $1,125 would be considered cheap here. On RentCafe, New Mexico rents go as low as $441/mo.

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