Best Affordable Neighborhoods in Albuquerque, NM

Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Foothill Estates, and Ridgecrest. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of April 6, 2026, the average rent in Albuquerque is $1,160, which is 1.4% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Trumbull Village

Average Rent

$836/Month

Year-Over-Year Rent Change

1.1%

Units Available

17 Rentals

Trumbull Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trumbull Village is $836 while the city average is $1,160. This is a 1.1% difference from last year. Residents enjoy convenient access to Central NM C.C., Montoya, Geology Museum, and Albuquerque International Sunport.

Apartments for Rent in Trumbull Village Trumbull Village Cheap Apartments Trumbull Village Low Income Apartments

Foothill Estates

Average Rent

$886/Month

Year-Over-Year Rent Change

4.2%

Units Available

10 Rentals

When you’re looking for a great Albuquerque neighborhood on a budget, check out Foothill Estates. The average rent is $886, compared to the city average of $1,160. Rent prices have decreased by 4.2%. Foothill Estates is convenient to Albert G. Simms Park, Geology Museum, and Meteorite Museum.

Apartments for Rent in Foothill Estates Foothill Estates Cheap Apartments

Ridgecrest

Average Rent

$945/Month

Units Available

35 Rentals

Ridgecrest is an affordable neighborhood in Albuquerque with an average rent price of $945. Compare this to the city average of $1,160. Ridgecrest provides easy access to Central NM C.C., Sourth Valley, University of New Mexico, and Meteorite Museum.

Apartments for Rent in Ridgecrest Ridgecrest Cheap Apartments

Laurelwoods

Average Rent

$950/Month

Units Available

12 Rentals

If you’re looking for a great, affordable neighborhood in Albuquerque, Laurelwoods might be the perfect place! It has an average rent price of $950, while the city’s average stands at $1,160. Laurelwoods is near ABQ BioPark Botanic Garden, Tingley Beach, and Central NM C.C., Sourth Valley.

Apartments for Rent in Laurelwoods Laurelwoods Cheap Apartments Laurelwoods Low Income Apartments

Fair West

Average Rent

$953/Month

Year-Over-Year Rent Change

1.6%

Units Available

19 Rentals

Fair West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fair West is $953 while the city average is $1,160. This is a 1.6% difference from last year. Residents enjoy convenient access to UNM Observatory, Central NM C.C., Montoya, and Albuquerque International Sunport.

Apartments for Rent in Fair West Fair West Cheap Apartments Fair West Low Income Apartments

South San Pedro

Average Rent

$953/Month

Year-Over-Year Rent Change

3%

Units Available

114 Rentals

Home to Wilson Park and several affordable dining options, South San Pedro offers renters a convenient location and affordable prices. Nearby, The Downs Racetrack & Casino provides entertainment just minutes away.

Apartments for Rent in South San Pedro South San Pedro Cheap Apartments South San Pedro Low Income Apartments

Virginia Place

Average Rent

$954/Month

Units Available

88 Rentals

When you’re looking for a great Albuquerque neighborhood on a budget, check out Virginia Place. The average rent is $954, compared to the city average of $1,160. Virginia Place is convenient to Museum of Southwestern Biology, Central NM C.C., Montoya, and Willow Village.

Apartments for Rent in Virginia Place Virginia Place Cheap Apartments Virginia Place Low Income Apartments

Alamedan Valley

Average Rent

$956/Month

Year-Over-Year Rent Change

1.2%

Units Available

12 Rentals

Alamedan Valley is an affordable neighborhood in Albuquerque with an average rent price of $956. Compare this to the city average of $1,160. In the past year, rent prices have increased by 1.2%. Alamedan Valley provides easy access to Albuquerque Balloon Museum, Las Tiendas De Corrales Center, and Central NM C.C., Westside.

Apartments for Rent in Alamedan Valley Alamedan Valley Cheap Apartments Alamedan Valley Low Income Apartments

La Mesa

Average Rent

$970/Month

Year-Over-Year Rent Change

0.9%

Units Available

11 Rentals

If you’re looking for a great, affordable neighborhood in Albuquerque, La Mesa might be the perfect place! It has an average rent price of $970, while the city’s average stands at $1,160. In the last year, prices have increased by 0.9%. La Mesa is near Central Plaza, UNM Observatory, and Central NM C.C., Albuquerque.

Apartments for Rent in La Mesa La Mesa Cheap Apartments

Supper Rock

Average Rent

$970/Month

Year-Over-Year Rent Change

5.3%

Units Available

20 Rentals

Supper Rock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Supper Rock is $970 while the city average is $1,160. This is a -5.3% difference from last year. Residents enjoy convenient access to Roosevelt Park, UNM Observatory, and Central NM C.C., Montoya.

Apartments for Rent in Supper Rock Supper Rock Cheap Apartments Supper Rock Low Income Apartments

Ready to make your move to Albuquerque? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.