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Cheap Apartments for Rent in Albuquerque, NM - 98 Rentals available

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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 Population556,718
  • Female 271,465
    Male 285,253
  • Median Age36.2

Average Rent in Albuquerque, NM

  • Albuquerque, NM Average Rental Price, February 2019$865/mo

Albuquerque, NM Apartment Rent Ranges

  • < $5003%
  • $501-$70028%
  • $701-$1,00049%
  • $1,001-$1,50017%
  • $1,501-$2,0003%
  • > $2,0001%

Albuquerque, NM Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Albuquerque, NM $791 $800 $810 $816 $832 $839 $834 $834 $865
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Check out the average rent prices in Albuquerque by neighborhood.

Albuquerque, NM Households

  • Total Number of Households221,119
  • Family 130,203
    Non-family 90,916
  • Children 65,337
    No Children 155,782
  • Average People Per Household2.49
  • Median Household Income$49,878
  • Median Housing Costs Per Month$943

Albuquerque, NM Education Statistics

  • No High School4%
  • Some High School30%
  • Some College28%
  • Associate Degree8%
  • Bachelor Degree17%
  • Graduate Degree13%

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 102 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 $865 per month so any rental south of $692 would be considered cheap here. On RENTCafé, Albuquerque, NM rents go as low as $555/mo.