Please provide a location to search for

Cheap Apartments for Rent in New Mexico - 193 Rentals available

Apartments Under $500

  • Apartment
    1200 Dickerson SE, Albuquerque, NM 87106
    $455 - $800
    • Studio-3 Beds

Apartments Under $600

  • Apartment
    6801 Los Volcanes NW, Albuquerque, NM 87121
    $529 - $699
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (855) 562-7020
  • Apartment
    6801 Los Volcanes NW, Albuquerque, NM 87121
    $529 - $815
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (844) 333-9750
  • Apartment
    301 Western Skies SE, Albuquerque, NM 87123
    • 1-3 Beds
    • 1-2 Baths
    (505) 715-4777
  • Apartment
    201 Adams SE, Albuquerque, NM 87108
    $550
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 720-9068
  • Apartment
    1101-1121 Palomas Dr. SE, Albuquerque, NM 87108
    $560 - $650
    • Studio-2 Beds
    • 1 Bath
    Cooper Street Capital
    Available Today!
    (505) 200-9603
  • Apartment
    12801 Copper Ave NE, Albuquerque, NM 87123
    $560 - $805
    • 1-4 Beds
  • Apartment
    3958 Montgomery Boulevard NE, Albuquerque, NM 87109
    • 1-2 Beds
    • 1-2 Baths
    (505) 273-6611
  • Apartment
    124 Cardenas NE, Albuquerque, NM 87108
    $580
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 720-9068
  • Apartment
    112 Cardenas NE, Albuquerque, NM 87108
    $580
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 720-9068
  • Apartment
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    $590 - $740
    • 1-2 Beds
    • 1-2 Baths
    (505) 926-0189

Apartments Under $700

  • Apartment
    12400 Montgomery Blvd NE, Albuquerque, NM 87111-4189
    $600 - $765
    • 1-2 Beds
    • 1 Bath
    (855) 736-8223
  • Apartment
    3400 Wyoming Blvd, Albuquerque, NM 87111
    $600 - $1,115
    • 1-3 Beds
    • 1-2 Baths
    (505) 225-1173
  • Apartment
    6021 Anderson SE, Albuquerque, NM 87108
    $605 - $635
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 720-9068
  • Apartment
    901 Tramway Blvd. NE, Albuquerque, NM 87123
    $608 - $693
    • 1-3 Beds
  • Apartment
    5901 Alice NE, Albuquerque, NM 87110
    $635
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 720-9068
  • Apartment
    3501 Atrisco Drive NW, Albuquerque, NM 87120
    $639 - $805
    • 1-2 Beds
    • 1-2 Baths
    (505) 832-3039
  • Apartment
    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    $640 - $665
    • 1-2 Beds
    • 1 Bath
    (505) 501-7174
  • Apartment
    3405 Calle Cuervo NW, Albuquerque, NM 87114
    $645 - $1,001
    • 1-2 Beds
    • 1-2 Baths
    (844) 333-9747
  • Apartment
    5741 Osuna Road NE, Albuquerque, NM 87109
    $665 - $1,095
    • 1-3 Beds
    • 1-2 Baths
    (888) 700-7043
  • Apartment
    1489 Zepol Road, Santa Fe, NM 87507
    $670 - $910
    • Studio-3 Beds
    • 1 Bath
    (888) 870-6597
  • Apartment
    650 San Ildefonso Road, Los Alamos, NM 87544
    $675
    • 1-3 Beds
  • Apartment
    2001 Hopewell Street,, Santa Fe, NM 87505
    $675 - $850
    • Studio-2 Beds
    • 1 Bath
    (505) 501-7345

Apartments Under $800

  • Apartment
    200 Figueroa Drive NE, Albuquerque, NM 87123
    $708
    • 1-3 Beds
    • 1-2 Baths
    (505) 715-4554
  • Apartment
    4601 Montano Road NW, Albuquerque, NM 87120
    $709 - $1,149
    • 1-3 Beds
    • 1-2 Baths
    (844) 333-9745

Looking for a cheap apartment for rent in New Mexico? With RENTCafé, finding an affordable apartment in New Mexico has never been easier. We feature 193 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 $785 per month so any rental south of $628 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $383 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $487, while a cheap 2-bedroom apartment will cost you about $601 per month. On RENTCafé, New Mexico rents go as low as $455/mo. If you’re looking for a rental that doesn’t break the bank in New Mexico, check out the rentals in Albuquerque, where the average rent is $778/month.

The Cheapest New Mexico Neighborhoods For Renters

Popular Zip Codes with higher average rent (above $785)

Popular Zip Codes with lower average rent (below $785)