Cheap Apartments for Rent in Albuquerque, NM
1,278 rentals
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Use arrow keys to navigateNEW - 1 DAY AGOSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$530 - $1,313/mo
1-2 Beds
1 BathCeja Vista Senior Apartments | 10001 Ceja Vista Rd SW,
Albuquerque, NM 87121
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SPECIAL OFFERPET FRIENDLY$699 - $1,130/moStudio-2 Beds1 BathEncanto Lofts Apartments | 4501 Shepard Rd NE,
Albuquerque, NM 87110
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SPECIAL OFFERPET FRIENDLYTotal price$722 - $1,536/moStudio-3 Beds1-2 BathsDesert Creek Apartments | 4300 Pan American Fwy NE,
Albuquerque, NM 87107
SPECIAL OFFERPET FRIENDLYTotal price$724 - $1,145/moStudio-2 Beds1 BathCinnamon Tree Apartments | 7220 Central Ave SE,
Albuquerque, NM 87108
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SPECIAL OFFERPET FRIENDLYTotal price$748 - $1,302/mo1-3 Beds1-2 BathsTesota Four Hills | 301 Western Skies Dr SE,
Albuquerque, NM 87123
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Average Rent Trends in Albuquerque, NM
Rent in Albuquerque, NM varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $1,668 |
| Jan 2026 | $1,660 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,667 |
| Apr 2026 | $1,600 |
| May 2026 | $1,501 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,500 |
| Aug 2026 | $1,600 |
| Sep 2026 | $1,600 |
| Oct 2026 | $1,600 |
| Nov 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,126 | $1,425 | $2,150 | $2,500 | $1,640 |
| Townhomes | $995 | $1,850 | $2,395 | $1,995 | $2,000 |
| Apartments and Condos | $1,200 | $1,325 | $1,750 | $3,808 | $1,300 |
| Houses | $1,300 | $1,945 | $2,200 | $2,550 | $2,256 |
Frequently Asked Questions about Rentals in Albuquerque, NM
- What is the average rent of an apartment in Albuquerque, NM?The average rent of an apartment in Albuquerque, NM is $1,217 per month. This is about 37% lower than the national average.
- What are the cheapest months to find an apartment to rent in Albuquerque, NM?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,544 per month.
- How many cheap apartments are available in Albuquerque, NM?There are 672 apartments to rent that are cheaper than the city’s average rent of $1,640.
- When is the average rent most expensive in Albuquerque, NM?In the last year, the average rent in Albuquerque, NM was highest in Sep 2025 when it was $1,700 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Albuquerque, NM?The average rent of a 1 bedroom apartment in Albuquerque, NM is $1,126 per month. That is about $276 more than the cost of a studio apartment.
- What colleges and universities are in Albuquerque, NM?Colleges and universities in Albuquerque, NM include: University of New Mexico.
- What are some neighborhoods in Albuquerque, NM?Some neighborhoods in Albuquerque, NM include: South Valley, Paradise Hills, Westgate Hts, Taylor Ranch.
- What are some zip codes in Albuquerque, NM?
- What are some cities near Albuquerque, NM?Some nearby cities include: Los Ranchos de Albuquerque, Carnuel, Corrales, Cedar Crest, Bosque Farms. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Albuquerque, NM - 3,462 Rentas | Trulia