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Cheap Apartments for Rent in New Mexico - 231 Rentals available

Apartments Under $600

  • Apartment
    125 Cardenas NE, Albuquerque, NM 87108
    $555
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    6021 Anderson SE, Albuquerque, NM 87108
    $575
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    6020 Kathryn SE, Albuquerque, NM 87108
    $575
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    124 Cardenas NE, Albuquerque, NM 87108
    $585
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    112 Cardenas NE, Albuquerque, NM 87108
    $585 - $655
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924

Apartments Under $700

  • Apartment
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    $615 - $880
    • 1-2 Beds
    • 1-2 Baths
    Available Today!
    (505) 926-0189
  • Apartment
    225 Adams SE, Albuquerque, NM 87108
    $620
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    225 Jefferson SE, Albuquerque, NM 87108
    $620
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    201 Adams SE, Albuquerque, NM 87108
    $620 - $650
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    3400 Wyoming Blvd, Albuquerque, NM 87111
    See current rent specials
    $630 - $1,120
    • 1-3 Beds
    • 1-2 Baths
    (505) 225-1173
  • Apartment
    3501 Atrisco Drive NW, Albuquerque, NM 87120
    • 1-2 Beds
    • 1-2 Baths
    (505) 832-3039
  • Apartment
    5901 Alice NE, Albuquerque, NM 87110
    $640
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    $675 - $715
    • 1-2 Beds
    • 1 Bath
    (505) 501-7174
  • Apartment
    5741 Osuna Road NE, Albuquerque, NM 87109
    $689 - $1,059
    • 1-3 Beds
    • 1-2 Baths
    (888) 700-7043

Apartments Under $800

  • Apartment
    3405 Calle Cuervo NW, Albuquerque, NM 87114
    See current rent specials
    $729 - $2,100
    • 1-2 Beds
    • 1-2 Baths
    (844) 333-9747
  • Apartment
    2001 Hopewell Street,, Santa Fe, NM 87505
    $735 - $923
    • Studio-2 Beds
    • 1 Bath
    (505) 629-4152
  • Apartment
    10800 Comanche Rd NE, Albuquerque, NM 87111
    $795 - $925
    • 1-3 Beds
    • 1-2 Baths
    (844) 800-4644

Apartments Under $1,000

Popular Searches

New Mexico Demographics

  • Total Population2,100,022
  • Female 1,039,565
    Male 1,060,457
  • Median Age42

Average Rent in New Mexico

  • New Mexico Average Rental Price, April 2019$874/mo

New Mexico Apartment Rent Ranges

  • < $5003%
  • $501-$70027%
  • $701-$1,00046%
  • $1,001-$1,50020%
  • $1,501-$2,0003%
  • > $2,0001%

New Mexico Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
New Mexico $795 $806 $816 $820 $834 $844 $842 $841 $874
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

New Mexico Households

  • Total Number of Households774,982
  • Family 494,708
    Non-family 280,274
  • Children 240,221
    No Children 534,761
  • Average People Per Household2.74
  • Median Household Income$38,548
  • Median Housing Costs Per Month$508

New Mexico Education Statistics

  • No High School6%
  • Some High School36%
  • Some College27%
  • Associate Degree8%
  • Bachelor Degree14%
  • Graduate Degree10%

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 230 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 $874 per month so any rental south of $700 would be considered cheap here. On RENTCafé, New Mexico rents go as low as $555/mo.

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