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Cheap Apartments for Rent in New Mexico - 280 Rentals available

Apartments Under $500

Apartments Under $600

Apartments Under $700

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 280 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 $844 per month so any rental south of $675 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $399 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $518, while a cheap 2-bedroom apartment will cost you about $640 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 $840/month.