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Cheap Apartments for Rent in Albuquerque, NM - 71 Rentals available

Apartments Under $500

Apartments Under $600

  • 7220 Central Ave SE, Albuquerque, NM 87108
    $572 - $1,188
    • Studio-2 Beds
    • 1-2 Baths
    MEB Management Services
    Available Today! Last updated 27 Feb 2021
    (844) 692-8204

Apartments Under $700

Apartments Under $800

  • 4401 San Pedro Dr. NE, Albuquerque, NM 87109
    $709 - $1,901
    • Studio-2 Beds
    • 1-2 Baths
    CALCAP Properties, Inc.
    Last updated 27 Feb 2021
    (505) 421-5771
  • (6)
    3400 Wyoming Blvd, Albuquerque, NM 87111
    See current rent specials
    $710 - $1,160
    • 1-3 Beds
    • 1-2 Baths
    Monarch Investments
    Last updated 27 Feb 2021
    (505) 225-1173
  • 1700 Market St NW, Albuquerque, NM 87120
    $711 - $979
    • 1-3 Beds
    • 1-2 Baths
    Laramar Communities
    Last updated 27 Feb 2021
    (505) 833-9334
  • 5741 Osuna Road NE, Albuquerque, NM 87109
    $766 - $1,123
    • 1-3 Beds
    • 1-2 Baths
    Shelton-Cook Real Estate Services
    Last updated 27 Feb 2021
    (888) 700-7043

Apartments Under $900

  • 6134 4Th St NW, Albuquerque, NM 87107
    $830 - $1,010
    • Studio-2 Beds
    • 1-2 Baths
    Engel Realty Company, LLC
    Last updated 27 Feb 2021
    (505) 344-5466

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Albuquerque, NM?

The price range of a cheap apartment is between $455 and $2,825. Find cheap apartments in Albuquerque, NM.

How many cheap rentals are available in Albuquerque, NM on RENTCafé?

There are 54 cheap rentals available on RENTCafé. Prices and availability in Albuquerque, NM were last updated on 26 Feb 2021.

What is the average size of a cheap apartment in Albuquerque, NM?

The average Albuquerque, NM cheap apartment size is 778 sq. ft.

What are the advantages of renting a cheap apartment in Albuquerque, NM?

Cheap apartments in Albuquerque, NM are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Albuquerque, NM?

A cheap apartment in Albuquerque, NM offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Albuquerque, NM.

Albuquerque, NM Demographics

  • Total Population559,374
  • Female 272,468
    Male 286,906
  • Median Age36.6

Average Rent in Albuquerque, NM

  • Albuquerque, NM Average Rental Price, October 2020 $972 /mo

    Albuquerque, NM Apartment Rent Ranges

    • < $5001%
    • $501-$70017%
    • $701-$1,00050%
    • $1,001-$1,50024%
    • $1,501-$2,0007%
    • > $2,0001%

    Albuquerque, NM Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Albuquerque, NM $843 $836 $850 $868 $869 $894 $921 $920 $928 $928 $972
    National $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
    /

    Albuquerque, NM Households

    • Total Number of Households224,166
    • Family 129,528
      Non-family 94,638
    • Children 63,432
      No Children 160,734
    • Average People Per Household2.47
    • Median Household Income$52,911
    • Median Housing Costs Per Month$968

    Albuquerque, NM Education Statistics

    • No High School3%
    • Some High School30%
    • Some College27%
    • Associate Degree8%
    • Bachelor Degree18%
    • 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 70 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 $982 per month so any rental south of $786 would be considered cheap here. On RENTCafé, Albuquerque, NM rents go as low as $455/mo.

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