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Cheap Apartments for Rent in New Mexico - 310 Rentals available

Apartments Under $500

  • Apartment
    4300 Pan American FWY NE, Albuquerque, NM 87107
    $405 - $1,150
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (844) 329-2577
  • Apartment
    1200 Dickerson SE, Albuquerque, NM 87106
    $455 - $800
    • Studio-3 Beds

Apartments Under $600

  • Apartment
    301 Western Skies SE, Albuquerque, NM 87123
    • 1-3 Beds
    • 1-2 Baths
    (505) 715-4777
  • Apartment
    125 Cardenas NE, Albuquerque, NM 87108
    $550
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    201 Adams SE, Albuquerque, NM 87108
    $550
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    225 Jefferson SE, Albuquerque, NM 87108
    $550
    • 1 Bed
    • 1 Bath
    Landmark Realty
    Available Today!
    (505) 433-5924
  • Apartment
    6801 Los Volcanes NW, Albuquerque, NM 87121
    $559 - $705
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (855) 562-7020
  • Apartment
    6801 Los Volcanes NW, Albuquerque, NM 87121
    $559 - $819
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (844) 333-9750
  • 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
    (505) 433-5924
  • Apartment
    112 Cardenas NE, Albuquerque, NM 87108
    $580
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    12021 Skyline Road NE, Albuquerque, NM 87123
    $580 - $1,025
    • 1-3 Beds
    • 1-2 Baths
    (833) 837-9729
  • Apartment
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    • 1-2 Beds
    • 1-2 Baths
    (505) 926-0189
  • Apartment
    4401 Morris Street NE, Albuquerque, NM 87111
    $591 - $914
    • Studio-2 Beds
    • 1-2 Baths
    (844) 439-2851

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
    • 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
    6020 Kathryn SE, Albuquerque, NM 87108
    $605
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    6021 Anderson SE, Albuquerque, NM 87108
    $605 - $635
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    5901 Alice NE, Albuquerque, NM 87110
    $635
    • 1 Bed
    • 1 Bath
    Landmark Realty
    (505) 433-5924
  • Apartment
    100 Rio Vista Place, Santa Fe, NM 87501
    $635
    • Studio-3 Beds
    • 1-2 Baths
    New Mexico Real Estate Advisors, Inc. dba Colliers International
    (505) 995-9914
  • Apartment
    901 Tramway Blvd. NE, Albuquerque, NM 87123
    $638 - $693
    • 1-3 Beds
  • Apartment
    650 San Ildefonso Road, Los Alamos, NM 87544
    $640
    • 1-3 Beds

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 310 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 $788 per month so any rental south of $630 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $390 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $493, while a cheap 2-bedroom apartment will cost you about $611 per month. On RENTCafé, New Mexico rents go as low as $405/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 $785/month.

The Cheapest New Mexico Neighborhoods For Renters

Popular Zip Codes with higher average rent (above $788)

Popular Zip Codes with lower average rent (below $788)