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Showing all results in Albuquerque, NM.

Show Nearby Apartments

Apartments under $500 for Rent in Albuquerque, NM

4,457 Rentals
.
  1. Building Photo - Villas @ Rio
    $537 Off
    Price Drop. $537 Off
    |
    1 BED
    $1,395+
    2 BEDS
    $2,038+

    Villas @ Rio

    2211 Rio Grande Blvd NW, Albuquerque, NM 87104
    (505) 305-0443
  3. Building Photo - Valley Apartments
    $498 Off
    Price Drop. $498 Off
    |
    1 BED
    $1,223+
    2 BEDS
    $1,309+
    3 BEDS
    $1,719+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,139 - $1,663
    Required Monthly Fees$83
    Utilities & EssentialsVaries
    Total Monthly Price$1,222 - $1,746

    Valley Apartments

    1812 Indian School Rd NW, Albuquerque, NM 87104
    (505) 300-2929
  5. Other - Lumen
    $438 Off
    Price Drop. $438 Off
    |
    1 BED
    $1,397+
    2 BEDS
    $1,620+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,334 - $1,607
    Required Monthly Fees$63
    Utilities & EssentialsVaries
    Total Monthly Price$1,397 - $1,670

    Lumen

    701 Stephen Moody St SE, Albuquerque, NM 87123
    (505) 551-0853
  6. Building Photo - Diamond Mesa
    $426 Off
    Price Drop. $426 Off
    |
    1 BED
    $1,518+
    2 BEDS
    $1,812+
    3 BEDS
    $2,079+
    4 BEDS
    $2,800+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,443 - $6,361
    Required Monthly Fees$74
    Utilities & EssentialsVaries
    Total Monthly Price$1,517 - $6,435

    Diamond Mesa

    2300 Diamond Mesa Trl SW, Albuquerque, NM 87121
    (505) 207-9861
  9. Building Photo - Tesota Four Hills
    $369 Off
    Price Drop. $369 Off
    |
    1 BED
    $740+
    2 BEDS
    $803+
    3 BEDS
    $982+
    Total Monthly Price Total Monthly Price New
    Base Rent$706 - $2,483
    Required Monthly Fees$33
    Utilities & EssentialsVaries
    Total Monthly Price$739 - $2,516

    Tesota Four Hills

    301 Western Skies Dr SE, Albuquerque, NM 87123
    (505) 502-4038
  10. $347 Off
    Price Drop. $347 Off
    |
    1 BED
    $1,401+
    2 BEDS
    $1,612+

    Enclave

    9500 Osuna Rd NE, Albuquerque, NM 87111
    (505) 502-3273
  11. $335 Off
    Price Drop. $335 Off
    |
    STUDIO
    $995+
    1 BED
    $995+
    2 BEDS
    $1,235+

    Dorado Heights

    11800 Montgomery Blvd NE, Albuquerque, NM 87111
    (505) 551-3391
  12. $318 Off
    Price Drop. $318 Off
    1 BED
    $1,150+
    2 BEDS
    $1,390+

    Overlook

    6200 Eubank Blvd NE, Albuquerque, NM 87111
    (505) 600-3187
  15. Building Photo - SkyStone Apartments
    $298 Off
    Price Drop. $298 Off
    1 BED
    $1,571+
    2 BEDS
    $1,775+
    3 BEDS
    $1,997+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,564 - $5,861
    Required Monthly Fees$7
    Utilities & EssentialsVaries
    Total Monthly Price$1,571 - $5,868

    SkyStone Apartments

    10800 Cibola Loop NW, Albuquerque, NM 87114
    (505) 431-4186
  18. Building Photo - Sun Plaza
    $272 Off
    Price Drop. $272 Off
    1 BED
    $1,157+
    2 BEDS
    $1,232+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,074 - $1,407
    Required Monthly Fees$83
    Utilities & EssentialsVaries
    Total Monthly Price$1,157 - $1,490

    Sun Plaza

    4400 Montgomery Blvd NE, Albuquerque, NM 87109
    (505) 219-4714
  19. Building Photo - Encanto at Mesa Del Sol
    $266 Off
    Price Drop. $266 Off
    |
    1 BED
    $1,630+
    2 BEDS
    $1,858+
    3 BEDS
    $2,229+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,436 - $2,080
    Required Monthly Fees$193
    Utilities & EssentialsVaries
    Total Monthly Price$1,629 - $2,273

    Encanto at Mesa Del Sol

    2500 Bobby Foster Rd SE, Albuquerque, NM 87106
    (505) 207-6838
  20. $255 Off
    Price Drop. $255 Off
    |
    STUDIO
    $1,277+
    1 BED
    $1,202+
    2 BEDS
    $1,470+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,121 - $1,514
    Required Monthly Fees$81
    Utilities & EssentialsVaries
    Total Monthly Price$1,202 - $1,595

    Glo Apartments

    3901 Indian School Rd NE, Albuquerque, NM 87110
    (505) 391-4278
  21. $250 Off
    Price Drop. $250 Off
    |
    1 BED
    $1,240+
    2 BEDS
    $1,475+
    3 BEDS
    $1,600+

    The Aspens

    9677 Eagle Ranch Rd NW, Albuquerque, NM 87114
    (505) 903-5382
  22. $247 Off
    Price Drop. $247 Off
    |
    STUDIO
    $1,620+
    1 BED
    $1,640+
    2 BEDS
    $1,922+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,501 - $2,573
    Required Monthly Fees$118
    Utilities & EssentialsVaries
    Total Monthly Price$1,619 - $2,691

    The Senary by Allaso

    7501 Jefferson St NE, Albuquerque, NM 87109
    (505) 600-7628
  25. Building Photo - Calero
    $222 Off
    Price Drop. $222 Off
    |
    1 BED
    $1,050+
    2 BEDS
    $1,181+
    3 BEDS
    $1,987+
    Total Monthly Price Total Monthly Price New
    Base Rent$954 - $1,891
    Required Monthly Fees$96
    Utilities & EssentialsVaries
    Total Monthly Price$1,050 - $1,987

    Calero

    8000 Montgomery Blvd NE, Albuquerque, NM 87109
    (505) 392-5431
  27. Building Photo - Markana Uptown
    $191 Off
    Price Drop. $191 Off
    STUDIO
    $1,668+
    1 BED
    $1,782+
    2 BEDS
    $2,253+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,550 - $4,981
    Required Monthly Fees$118
    Utilities & EssentialsVaries
    Total Monthly Price$1,668 - $5,099

    Markana Uptown

    6500 Americas Pky NE, Albuquerque, NM 87110
    (505) 207-7802
  28. Building Photo - Milo
    $188 Off
    Price Drop. $188 Off
    1 BED
    $952+
    2 BEDS
    $1,122+
    Total Monthly Price Total Monthly Price New
    Base Rent$865 - $1,375
    Required Monthly Fees$86
    Utilities & EssentialsVaries
    Total Monthly Price$951 - $1,461

    Milo

    4217 Louisiana Blvd NE, Albuquerque, NM 87109
    (505) 657-5477
  30. Building Photo - Spring Park
    1 BED
    $1,204+
    2 BEDS
    $1,535+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,120 - $1,750
    Required Monthly Fees$83
    Utilities & EssentialsVaries
    Total Monthly Price$1,203 - $1,833

    Spring Park

    5801 Eubank Blvd NE, Albuquerque, NM 87111
    (505) 636-3446
  32. Building Photo - Quincy
    $174 Off
    Price Drop. $174 Off
    1 BED
    $1,343+
    2 BEDS
    $1,526+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,259 - $1,951
    Required Monthly Fees$84
    Utilities & EssentialsVaries
    Total Monthly Price$1,343 - $2,035

    Quincy

    5905 Tierra Antigua St NE, Albuquerque, NM 87111
    (505) 675-2829
  33. $173 Off
    Price Drop. $173 Off
    1 BED
    $1,128+
    2 BEDS
    $1,350+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,088 - $4,136
    Required Monthly Fees$40
    Utilities & EssentialsVaries
    Total Monthly Price$1,128 - $4,176

    AYA ABQ

    5324 San Mateo Blvd NE, Albuquerque, NM 87109
    (844) 615-0056
  38. Building Photo - Tesota Midtown
    $145 Off
    Price Drop. $145 Off
    1 BED
    $857+
    2 BEDS
    $1,107+
    3 BEDS
    $1,407+
    Total Monthly Price Total Monthly Price New
    Base Rent$825 - $1,610
    Required Monthly Fees$31
    Utilities & EssentialsVaries
    Total Monthly Price$856 - $1,641

    Tesota Midtown

    200 Figueroa St NE, Albuquerque, NM 87123
    (505) 502-3425
  41. Building Photo - Eagle Point Apartments
    $117 Off
    Price Drop. $117 Off
    |
    STUDIO
    $909+
    1 BED
    $932+
    2 BEDS
    $1,243+
    Total Monthly Price Total Monthly Price New
    Base Rent$881 - $1,439
    Required Monthly Fees$27
    Utilities & EssentialsVaries
    Total Monthly Price$908 - $1,466

    Eagle Point Apartments

    4401 Morris St NE, Albuquerque, NM 87111
    (844) 423-2361
  42. Building Photo - The Ridge
    $115 Off
    Price Drop. $115 Off
    |
    1 BED
    $915+
    2 BEDS
    $950+
    3 BEDS
    $1,430+

    The Ridge

    557 Tramway Blvd NE, Albuquerque, NM 87123
    (505) 551-3425

Living & Renting in Albuquerque

Albuquerque at a Glance

Average Rent

$1,157
(All bedrooms and property types)
Learn more about
Average Rent in Albuquerque
9

School Rating

out of 10 Rating
Learn more about
Schools in Albuquerque

Albuquerque, NM Apartments for Rent

Albuquerque stretches across the high desert between the Sandia Mountains and the Rio Grande, where over 300 days of sunshine annually create perfect conditions for outdoor enthusiasts and budget-conscious renters. If you're hunting for apartments for rent in Albuquerque, you'll discover a city that delivers affordable living alongside rich cultural heritage, from the historic adobe buildings of Old Town to the contemporary offerings of Uptown and Downtown neighborhoods.

Renting in Albuquerque makes sense for anyone who wants great value without giving up quality of life. Popular neighborhoods like Nob Hill serve up eclectic dining and nightlife near the University of New Mexico, while Uptown features upscale apartment communities with mountain views and shopping access. The city's spot at the intersection of I-25 and I-40 keeps commuting throughout the metro area simple, and the Rail Runner Express connects residents to surrounding areas. With average rents significantly below national averages and proximity to major employers like Sandia National Laboratories and Kirtland Air Force Base, Albuquerque offers a winning combination of affordability and opportunity.

Why Albuquerque?

  • Averages more than 300 days a year of sunshine
  • Home of the Albuquerque International Balloon Fiesta, which is the largest hot air balloon festival in the world
  • Rich Southwestern culture with Native American, Hispanic, and Latino influences in the city’s architecture, food, and art
  • Route 66 travels through the city with popular restaurants, boutiques, and its famous neon signs lining the roadway
  • Scenic beauty with the Sandia Mountains serving as the city’s backdrop and the Rio Grande running through the city
  • Recreational opportunities include golfing, biking, and skiing

Renting in Albuquerque

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Albuquerque

(For 1 bedroom apartments)

Education

GreatSchools Rating
Siembra Leadership High School

Public High School

Public
Grades 9-12
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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