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Cheap Apartments for Rent in New Mexico - 276 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 276 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)