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Cheap Apartments for Rent in New Mexico - 172 Rentals available

Apartments Under $400

  • Apartment
    9004 Menaul Blvd NE,, Albuquerque, NM 87112
    $350
    • Studio
    Eastside Property Management
    Available Today! Last updated 2 Jun 2020
    (505) 296-5636

Apartments Under $500

Apartments Under $600

Apartments Under $700

Apartments Under $800

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New Mexico Demographics

  • Total Population2,107,268
  • Female 1,043,221
    Male 1,064,047
  • Median Age42.4

Average Rent in New Mexico

  • New Mexico Average Rental Price, May 2020 $929 /mo

New Mexico Apartment Rent Ranges

  • < $5001%
  • $501-$70021%
  • $701-$1,00048%
  • $1,001-$1,50024%
  • $1,501-$2,0005%
  • > $2,0001%

New Mexico Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 May / 2020
New Mexico $820 $834 $844 $842 $841 $874 $879 $901 $926 $929
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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New Mexico Households

  • Total Number of Households780,212
  • Family 495,868
    Non-family 284,344
  • Children 236,077
    No Children 544,135
  • Average People Per Household2.76
  • Median Household Income$40,942
  • Median Housing Costs Per Month$496

New Mexico Education Statistics

  • No High School6%
  • Some High School40%
  • Some College30%
  • Associate Degree9%
  • Bachelor Degree15%

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 166 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 $929 per month so any rental south of $743 would be considered cheap here. On RENTCafé, New Mexico rents go as low as $350/mo.

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