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Cheap Apartments in Albuquerque, NM

1 - 30 of 130 Results
11
$828
Hacienda Sur Apartments
225 Adams SE Albuquerque, NM
1 BR | May. 22, 2026
Contact
Air Conditioning
Surface Parking
Highland
10
$785
Bluewater Village
3.3
6600 Bluewater NW Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Storage
8
$836
Casa Del Rey Norte Apartments
124 Cardenas NE Albuquerque, NM
1 BR | Available Now
Contact
Air Conditioning
Highland
17
$766
El Pueblo II Apartments
6021 Anderson SE Albuquerque, NM
1 BR | Available Now
Contact
Air Conditioning
Highland
9
$836
Casa Del Rey Sur Apartments
112 Cardenas NE Albuquerque, NM
1 BR | Available Now
Contact
Air Conditioning
Highland
10
$828
Hacienda Norte Apartments
201 Adams SE Albuquerque, NM
1 BR | Available Now
Contact
Air Conditioning
Highland
17
$766
El Pueblo I Apartments
6020 Kathryn SE Albuquerque, NM
1 BR | Jun. 30, 2026
Contact
Air Conditioning
Highland
9
$840
Beach
2.2
2525 Tingley Drive SW Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Pool
19
3D Tour
$786
Plaza Feliz
2.4
517 San Pablo St. SE Albuquerque, NM
2 BR | Jul. 8, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
4
$697 - 718
Luminaria Senior Community
4.7
10600 Central Ave SE Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
In Unit Laundry
20
$790 - 828
Plaza Ciudana
3.8
310 Indian School RD NE Albuquerque, NM
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
19
$720
Encino Terrace
5.0
609 Encino Place NE Albuquerque, NM
Studio | Available Now
Contact
Senior Community
Covered Parking
Fitness Center
30
$663 - 803
Sterling Downtown
3.0
800 Silver Ave SW Albuquerque, NM
Studio - 1 BR | Available Now
Contact
Dog Friendly
Income Restricted
In Unit Laundry
Fitness Center
Dishwasher
16
3D Tour
$651
Casa Feliz
5.0
443 Espanola St Albuquerque, NM
Studio | May. 22, 2026
Contact
Virtual Tour
In Unit Laundry
Dishwasher
2
$790
Santa Barbara
1420 Edith NE Albuquerque, NM
1 BR | Available Now
Contact
Income Restricted
Martinez Town
2
$610
Hibernian House
4.0
600 Coal Ave SW Albuquerque, NM
1 BR | Available Now
Contact
Senior Community
Income Restricted
Section 8
Air Conditioning
Fitness Center
$733
SILVER GARDENS I
100 Silver Ave SW Albuquerque, NM
Studio | Jun. 6, 2026
Hunning Highland
$523 - 729
Casitas De Colores
215 Lead Ave SW Albuquerque, NM
2 BR | Available Now
Hunning Highland
$393 - 826
PAH HILAND PLAZA
5000 Central Ave SE Albuquerque, NM
1 - 3 BR | Available Now
Highland
$700 - 740
LOS ALTOS LOFTS APARTMENTS
10330 Hotel Ave NE Albuquerque, NM
Studio | Available Now
17
$800
The Villas @ Uptown
2.6
The Villas @ Uptown 6230 Indian School Road NE Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
14
$800
The Valencia
1020 Valencia Dr SE Albuquerque, NM
1 BR | Jun. 10, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
11
$775
Madeira Flats- Utilities Included!
1130 Madeira Dr SE Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
24
$765 - 775
2500 Carlisle Blvd NE
Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
$699
12901 Central Ave NE
Albuquerque, NM
Studio | Available Now
Contact
30
$800
200-206 San Pablo NE
Albuquerque, NM
1 BR | Available Now
Contact
Surface Parking
Storage
Disability Access
11
$800
Omni House
2426 Garfield Ave SE Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
19
$645 - 795
The Loop @950
Loop @950 950 Louisiana Blvd SE Albuquerque, NM
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Storage
Disability Access
32
$766 - 836
White Oak Apartments
121 Cardenas NE Albuquerque, NM
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Storage
Highland
5
$800
One-bedroom Apartments In Prime Abq Location
3406 Crest Ave SE Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
1 - 30 of 130 Results
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Frequently Asked Questions

How many cheap apartments are available in Albuquerque, NM on Rentable.co?

There are 130 cheap apartments in Albuquerque currently available for rent on Rentable.co.

What is the average rent for a cheap apartment in Albuquerque, NM?

The average monthly rent for a cheap apartment in Albuquerque is about $390.

How many studio cheap apartments are available in Albuquerque?

Rentable.co has 1 studio cheap apartment available for rent in Albuquerque.

How many one-bedroom cheap apartments are available in Albuquerque?

Rentable.co has 367 one-bedroom cheap apartments available for rent in Albuquerque.

How many two-bedroom cheap apartments are available in Albuquerque?

Rentable.co has 283 two-bedroom cheap apartments available for rent in Albuquerque.

Can I afford a cheap apartment in Albuquerque, NM?

To comfortably afford a cheap apartment in Albuquerque based on average rent prices, a household would need an annual income of $16,000.

Which neighborhoods have the most cheap apartments for rent in Albuquerque, NM?

  1. Highland

Cheap Apartments in Albuquerque, NM: May Rental Information

Welcome to the May 2026 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable presents key findings and figures for affordable apartments in Albuquerque for the month of May 2026.

Our experts analyze the inventory trends for apartments under a certain price range — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Albuquerque and surrounding areas. This summary provides valuable insights into the rental landscape, offering prospective renters an understanding of rent prices and availability for affordable apartments in Albuquerque. Additionally, it highlights various features and amenities available, as well as location options, ensuring renters can find the perfect fit for their needs and budget in the city.
0 17 35 52 70 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Albuquerque stands at $960, with the majority falling between $660 and $1,600. Out of the 4,796 one-bedroom apartments currently on the market in Albuquerque, 24 are priced below $400, accounting for 1% of the total available one-bedroom units in Albuquerque.

Available Cheap Apartments: Albuquerque vs. Surrounding Areas

Albuquerque, NM
9
In May 2026, there were a total of 13 cheap apartments available in the Albuquerque, NM metro area. This includes not only Albuquerque itself, but also the surrounding cities such as Corrales, Los Lunas, Los Ranchos de Albuquerque, Rio Rancho, Belen, Bernalillo, Cedar Crest, Edgewood, Placitas, Sandia Park, Tijeras, Rio Ranch, and Sunnyside. Prospective renters looking for affordable housing options in this area will find a variety of choices to fit their budget and needs. Whether you prefer to live in the heart of Albuquerque or in one of the nearby towns, Rentable can help you find the perfect cheap apartment in the area.

Cheap Apartments Now vs. Last Month: Albuquerque and Surrounding Areas

City Cheap Apartments in May M/M % Change
Albuquerque, NM 10 +0.96%

Looking for Cheap Apartments in Albuquerque?

Available cheap apartments 749
Top amenities Fitness Center, Dishwasher, Balcony/Deck/Patio, Refrigerator, Pool
Deals 2
Pet friendly 27
Utilities included 5
1 Bedroom 25
2 Bedroom 15
3 Bedroom 7
Square footage 486 - 1,190
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