Cheapest Neighborhoods in Albuquerque, NM

Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Loma Verde, and La Mesa. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of August 20, 2026, the average rent in Albuquerque is $1,177, which is 0.8% higher 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

$893/Month

Year-Over-Year Rent Change

2.9%

Units Available

37 Rentals

If you’re looking for a great, affordable neighborhood in Albuquerque, Trumbull Village might be the perfect place! It has an average rent price of $893, while the city’s average stands at $1,177. In the last year, prices have increased by 2.9%. Trumbull Village is near 8001-8009 Central Ave NE, Albuquerque International Sunport, and Meteorite Museum.

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

Loma Verde

Average Rent

$900/Month

Units Available

31 Rentals

Loma Verde is a top choice for budget-conscious renters for a variety of reasons. The average rent in Loma Verde is $900 while the city average is $1,177. Residents enjoy convenient access to Central Plaza, Central NM C.C., Adv Tech Ctr, and Central NM C.C., Albuquerque.

Apartments for Rent in Loma Verde Loma Verde Cheap Apartments

La Mesa

Average Rent

$912/Month

Year-Over-Year Rent Change

1.3%

Units Available

36 Rentals

When you’re looking for a great Albuquerque neighborhood on a budget, check out La Mesa. The average rent is $912, compared to the city average of $1,177. Rent prices have increased by 1.3%. La Mesa is convenient to Albuquerque International Sunport, Central NM C.C., Albuquerque, and UNM Observatory.

Apartments for Rent in La Mesa La Mesa Cheap Apartments

Ridgecrest

Average Rent

$921/Month

Units Available

22 Rentals

Ridgecrest is an affordable neighborhood in Albuquerque with an average rent price of $921. Compare this to the city average of $1,177. Ridgecrest provides easy access to Geology Museum, Parkland Hills Shopping Center, and Meteorite Museum.

Apartments for Rent in Ridgecrest Ridgecrest Cheap Apartments

Jerry Cline Park

Average Rent

$924/Month

Year-Over-Year Rent Change

8.6%

Units Available

39 Rentals

If you’re looking for a great, affordable neighborhood in Albuquerque, Jerry Cline Park might be the perfect place! It has an average rent price of $924, while the city’s average stands at $1,177. In the last year, prices have increased by 8.6%. Jerry Cline Park is near Central NM C.C., Albuquerque, Albuquerque International Sunport, and University of New Mexico.

Apartments for Rent in Jerry Cline Park Jerry Cline Park Cheap Apartments Jerry Cline Park Low Income Apartments

Snow Heights

Average Rent

$927/Month

Year-Over-Year Rent Change

1.3%

Units Available

32 Rentals

Snow Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Snow Heights is $927 while the city average is $1,177. This is a 1.3% difference from last year. Residents enjoy convenient access to Wyoming Center, UNM Observatory, and Integrity Plaza.

Apartments for Rent in Snow Heights Snow Heights Cheap Apartments

Corte De Paz

Average Rent

$939/Month

Year-Over-Year Rent Change

2.7%

Units Available

15 Rentals

When you’re looking for a great Albuquerque neighborhood on a budget, check out Corte De Paz. The average rent is $939, compared to the city average of $1,177. Rent prices have increased by 2.7%. Corte De Paz is convenient to Central NM C.C., Montoya, Albuquerque International Sunport, and 700 Juan Tabo NE.

Apartments for Rent in Corte De Paz Corte De Paz Cheap Apartments Corte De Paz Low Income Apartments

Supper Rock

Average Rent

$941/Month

Year-Over-Year Rent Change

8.9%

Units Available

15 Rentals

Supper Rock is an affordable neighborhood in Albuquerque with an average rent price of $941. Compare this to the city average of $1,177. In the past year, rent prices have decreased by 8.9%. Supper Rock provides easy access to UNM Observatory, 12925 Central Ave NE, and Central NM C.C., WTC.

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

Monterey Manor

Average Rent

$943/Month

Year-Over-Year Rent Change

5%

Units Available

14 Rentals

If you’re looking for a great, affordable neighborhood in Albuquerque, Monterey Manor might be the perfect place! It has an average rent price of $943, while the city’s average stands at $1,177. In the last year, prices have decreased by 5%. Monterey Manor is near Albuquerque International Sunport, Central NM C.C., Albuquerque, and University of New Mexico.

Apartments for Rent in Monterey Manor Monterey Manor Cheap Apartments Monterey Manor Low Income Apartments

Laurelwoods

Average Rent

$950/Month

Units Available

12 Rentals

Laurelwoods is a top choice for budget-conscious renters for a variety of reasons. The average rent in Laurelwoods is $950 while the city average is $1,177. Residents enjoy convenient access to Boca Negra Canyon, Wal Mart Anchored, and Albuquerque Aquarium.

Apartments for Rent in Laurelwoods Laurelwoods Low Income Apartments

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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.