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Apartments Under $500 in Albuquerque, NM

1 - 8 of 8 Results
$405
PAH HILAND PLAZA
5000 Central Ave SE Albuquerque, NM
1 BR | Available Now
Highland
$489
SILVER GARDENS I
100 Silver Ave SW Albuquerque, NM
1 BR | Aug. 18, 2026
Hunning Highland
4
$420
Luminaria Senior Community
4.7
10600 Central Ave SE Albuquerque, NM
1 BR | Sep. 10, 2026
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
In Unit Laundry
9
$475
444 Charleston Se
Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$470
University Studio Apartments
3.8
222 Maple St Ne Albuquerque, NM
Studio | Ask for Availability
Contact
Virtual Tour
18
$439 - 494
PER
ROOM
Valley View Villas
Deal
3003 Transport St Se Alburquerque, NM
Studio - 5 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
30
$ Ask - 1,008
Tierra Pointe
6801 Los Volcanes Road Albuquerque, NM
2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Fitness Center
26
$ Ask - 1,130
Silverado
5741 Osuna Road Ne Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
1 - 8 of 8 Results
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Frequently Asked Questions

How many apartments under $500 are available in Albuquerque, NM on Rentable.co?

There are 8 apartments under $500 in Albuquerque currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Albuquerque?

Rentable.co has 11 studio apartments under $500 available for rent in Albuquerque.

How many one-bedroom apartments under $500 are available in Albuquerque?

Rentable.co has 461 one-bedroom apartments under $500 available for rent in Albuquerque.

How many two-bedroom apartments under $500 are available in Albuquerque?

Rentable.co has 338 two-bedroom apartments under $500 available for rent in Albuquerque.

Can I afford a apartment under $500 in Albuquerque, NM?

To comfortably afford a apartment under $500 in Albuquerque based on average rent prices, a household would need an annual income of $19,000.

Which neighborhoods have the most apartments under $500 for rent in Albuquerque, NM?

  1. Highland
  2. Hunning Highland

Apartments Under $500 in Albuquerque, NM: August Rental Information

Welcome to the August 2026 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Albuquerque rental landscape.

Our experts analyze the inventory trends for apartments under $500 - overall market rent-distribution, availability by bedroom count, and month-over-month comparisons - in Albuquerque and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Albuquerque.

Please note that rent prices and availability are subject to change and can vary depending on the specific location and apartment type. For the most up-to-date information, be sure to visit Rentable's apartment search pages for the freshest data.
0 15 30 45 60 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 >$1,600
This month, the typical cost to rent a one-bedroom apartment in Albuquerque stands at $1,030, with the majority falling between $650 and $1,580. Out of the 4,789 one-bedroom apartments currently on the market in Albuquerque, 44 are priced below $500, accounting for 1% of the total available one-bedroom units in Albuquerque.

Available Apartments Under $500: Albuquerque vs. Surrounding Areas

Albuquerque, NM
16
The chart above provides a comprehensive overview of the number of available apartments under $500 in Albuquerque, NM and the surrounding cities as of August 2026. The chart includes data for the cities of Corrales, Los Lunas, Los Ranchos de Albuquerque, Rio Rancho, Belen, Bernalillo, Cedar Crest, Edgewood, Placitas, Sandia Park, Tijeras, Rio Ranch, and Sunnyside, giving you a sense of the overall rental market in the Albuquerque metro area. This information is vital for prospective renters in search of affordable housing options. With a total inventory of 17 apartments, renters have a variety of choices when it comes to finding an affordable place to call home in the Albuquerque, NM region.

Apartments Under $500 Now vs. Last Month: Albuquerque and Surrounding Areas

City Apartments Under $500 in August M/M % Change
Albuquerque, NM 17 +0.95%

Looking for Apartments Under $500 in Albuquerque?

Available apartments under $500 930
Top amenities Fitness Center, Dishwasher, Balcony/Deck/Patio, Refrigerator, Pool
Deals 15
Pet friendly 44
Utilities included 5
Furnished 15
Studio 6
1 Bedroom 27
2 Bedroom 17
Square footage 486 - 1,842
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