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Cheap Apartments for Rent in Albuquerque, NM - 258 Rentals available

Apartments Under $500

Apartments Under $600

Apartments Under $700

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.

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 258 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 $785 per month so any rental south of $628 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $383 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $491, while a cheap 2-bedroom apartment will cost you about $608 per month. On RENTCafé, Albuquerque, NM rents go as low as $455/mo.

Albuquerque, NM zip codes with higher average rent (above $785)

Albuquerque, NM zip codes with lower average rent (below $785)