All Filters
Price
Beds

Select two tiles for min/max range

Baths
Transit Lines
Home Type
Home Styles
Specialty Housing

Housing Type

Additional Specialties

Pet Policy
Move-In Date
Popular Amenities
Rating
Show Only
Keyword
Searching for student living options?

Select your school and find the perfect place nearby or on-campus.

All Universities
Pricing Type
Amenities
Clear
Nearby
Nearby

Cheap Apartments for Rent in Albuquerque NM - 3,829 Rentals

Albuquerque, NM Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments in Albuquerque. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that a smaller apartment of fewer amenities are a fair trade-off. Rent prices in Albuquerque tend to be higher near the city center. For better deals, explore neighborhoods farther out where rents can be lower and apartment sizes may be larger. Look for areas with a higher number of available rental units — landlords with more vacancies are often more willing to offer incentives like lower rent or flexible lease terms. Keep an eye on listings for budget-friendly apartments that meet your core needs while offering a reasonable commute and access to the amenities you want.

Best Time to Find Cheap Apartments in Albuquerque NM

Timing your apartment search can make a big difference in securing a great deal. Apartments are typically more affordable during the winter months — December through March — when demand is lower. During this off-season, landlords may offer reduced rent, waived fees, or other specials to fill units quickly. Another smart time to search is at the end of the month, when lease turnover peaks and more units become available. Being flexible with your move-in timing could help you land a better price. Cheap apartments in Albuquerque tend to go fast. Keep an eye on timing, neighborhood options, and special deals to score the best rental price.

Albuquerque, NM Rental Insights

Average Rent Rates

What is the average rent in Albuquerque, NM?

The average monthly rent in Albuquerque, NM is around $1,156.

Where can I find cheap apartments in Albuquerque, NM?

Apartments in Albuquerque, NM rent for around $1,156 but there are plenty of rentals to be found for $854 throughout the city.

How many cheap rentals are available in Albuquerque, NM on Apartments.com?

With over 836 affordable apartments on Apartments.com, you’re sure to find an Albuquerque, NM apartment at the right price.

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

You can expect to pay roughly $854 per month for a studio in Albuquerque, NM.

How expensive is a one-bedroom apartment in Albuquerque, NM?

The average one bedroom in Albuquerque, NM rents for $1,156 per month.

How expensive is a two-bedroom apartment in Albuquerque, NM?

Two-bedroom apartments in Albuquerque, NM rent for $1,426 per month.

Helpful Rental Guides for Albuquerque, NM

Is Albuquerque a Good Place to Live?
Is Albuquerque a Good Place to Live?
Explore More on the Renterverse

Search Nearby Rentals

Rentals Near Albuquerque

Neighborhood Apartment Rentals

Nearby Albuquerque House Rentals

New Rental Listings

Map Options
Map View
Default
Satellite
Nearby Point of Interests
Travel Time

Set a destination, transportation method, and your ideal commute time to see results.

Commute Time is calculated at rush hour.