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Cheap Apartments for Rent in Albuquerque, NM - 135 Rentals available

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Apartments Under $400

  • Apartment

    9004 Menaul Blvd NE,, Albuquerque, NM 87112
    $350
    • Studio
    Eastside Property Management
    Available Today! Last updated 29 May 2020
    (505) 296-5636

Apartments Under $500

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Apartments Under $700

Apartments Under $800

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Renting a Cheap Apartment in Albuquerque

The wide open horizons of the southwest will soothe your soul in Albuquerque, New Mexico, a bustling city of industry, education and tourism. Whether your home of choice is an abode in the traditional New Mexico style or a modern, eco-friendly apartment, you’ll find choices to meet your budget. Enjoy authentic New Mexico style food with chiles – green or red – sopapillas with honey, fry bread and other local specialties at dozens of area restaurants. Opportunities for year-round outdoor recreation, sporting events, and art and culture abound in this city of just under 450,000. Albuquerque is famous for its annual balloon festival each fall, and boasts easy access to Native American pueblos, gaming, and artistic vistas that seem to go on forever.

Albuquerque, NM Demographics

  • Total Population559,202
  • Female 272,840
    Male 286,362
  • Median Age36.3

Average Rent in Albuquerque, NM

  • Albuquerque, NM Average Rental Price, February 2020 $922 /mo

    Albuquerque, NM Apartment Rent Ranges

    • < $5001%
    • $501-$70021%
    • $701-$1,00050%
    • $1,001-$1,50022%
    • $1,501-$2,0004%
    • > $2,0001%

    Albuquerque, NM Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
    Albuquerque, NM $811 $817 $833 $843 $836 $850 $868 $869 $894 $920 $922
    National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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    Check out the average rent prices in Albuquerque by neighborhood.

    Albuquerque, NM Households

    • Total Number of Households222,748
    • Family 130,100
      Non-family 92,648
    • Children 64,557
      No Children 158,191
    • Average People Per Household2.48
    • Median Household Income$51,128
    • Median Housing Costs Per Month$961

    Albuquerque, NM Education Statistics

    • No High School4%
    • Some High School30%
    • Some College28%
    • Associate Degree8%
    • Bachelor Degree17%
    • Graduate Degree14%

    Looking for a cheap apartment for rent in Albuquerque, NM? With RENTCafé, finding an affordable apartment in Albuquerque, NM has never been easier. We feature 134 low-priced rentals directly from property managers, with rents lower than the Albuquerque, NM average. What is a cheap rent in Albuquerque, NM? The average apartment rent in Albuquerque is $922 per month so any rental south of $738 would be considered cheap here. On RENTCafé, Albuquerque, NM 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!